Banco Popular de Puerto Rico

European fans are angry that the U.S. bank is financing a new “Super League” of elite teams; Ameribor hopes to compete with the Fed’s Secured Overnight Financing Rate.

Mitsubishi UFJ Financial Group and Standard Chartered are among the likely bidders; less than 7% of the bank’s U.S. workforce are Black, and a little more than 3% are senior executives.

The bank plans to hire about 200 more people and reduce hours to help reduce stress on junior analysts; the Swiss bank was exposed to as much as $20 billion to failed Archegos fund.

Brian King is coming back as chief risk officer after leaving for a similar job at Wells Fargo; the former Citi executive, who is running for mayor of New York, is getting $5.7 million.

The bank says it “misjudged” the reaction to its financing the botched European Super League; big shareholders say the board member in charge of risk management should leave.

Several big investors say they will oppose reelection of several board members at Friday’s annual meeting; Aberdeen is hoping “Abrdn” will lift it in search results.

The bank will start the reopening process on May 17 to allow employees to transition back; only 57% of shareholders approved Wells's compensation plan, even after last year’s pay cuts.

The plan would enable lower-income homeowners to take advantage of today’s lower rates; the German bank needs to follow up on its best quarterly results in seven years.

Biden spending proposal would require banks to report on their business clients to the IRS; Wells, JPMorgan Chase and Citi haven’t resumed offering the property-backed lines of credit.

German regulator says the bank still has a lot of work to do on preventing money laundering; at 11%, the percentage of Blacks in mortgage forbearance is double the rate for all borrowers.