Banco Popular de Puerto Rico

The central bank hopes its plan can lead to a unified standard among all bank regulators; the leak of 2,000 bank suspicious activity reports exposes the need for updated regulations.

The two officials told a House panel that businesses need grants, not more loans; some Black employees take issue with Wells Fargo CEO’s assertion that minority talent pool isn’t deep enough.

Scharf apologizes for June 16 memo saying there was a “very limited pool of Black talent to recruit from”; the penalty would settle the bank’s culpability in its traders’ spoofing practices.

The PayPal unit is accused of sending customers to collections even if they are victimized by scams; the financial company said it will deposit money in minority-owned institutions.

Johnbull Okpara is currently CFO of the infrastructure groups at Morgan Stanley; the value of distressed properties is being written down by an average 27%, with hotels in the biggest trouble.

Financials led the way with a 2.3% gain as the overall stock market rose more than 1.5% Monday; the new service will help small businesses spot online scams.

She will be the first woman to lead a major division at the bank in several years; the bank admitted that its traders tried to manipulate precious metals and Treasury bond markets.

The limits on dividend increases and buybacks have been extended until at least the end of the year; the firm promoted two senior executives that worked with CEO Jed Staley at JPMorgan.

The bank beat out Barclays to buy the big portfolio from Capital One; banks say they collected $13 billion in fees but spent almost as much setting up and running the small-business program.

Race “was an ever-present factor throughout” Tidjane Thiam’s tenure and may have led to his ouster, New York Times says; the unit offers reloadable debit cards to Walmart, 7-Eleven and others.