Banco Popular de Puerto Rico

The Swiss charges follow several recent scandals at the bank; the filing by the largest cryptocurrency exchange follows by one day bitcoin climbing past a record $21,000.

The central bank said banks could withstand as much as $600 billion in pandemic-related loan losses; Fidelity National and Global Payments aborted talks about a $70 billion merge.

The application rate for new cards has fallen 10 points to just under 16%, the lowest level since 2013; small businesses that got loans last time would be eligible for a second helping, with limits.

While delinquencies are down thanks to previous government support checks, bank lending is moribund; the two bankers helped the president get $330 million in loans that come due soon.

CEOs of investment banks had huge stock gains in 2020 while heads of retail banks suffered paper losses; the digital currency has climbed another 10% so far in 2021, topping $34,000.

Haven Health, which included Amazon and Berkshire Hathaway, had little to show after three years; the Federal Reserve’s lending scheme hasn’t been able to find its niche or attract banks.

While a positive development, the bank is still operating under 10 other enforcement actions; the president said Alipay, WeChat Pay and six other apps pose national security risks.

The bank’s stock price hit its first record close in three years on the prospect of higher interest rates; the yield on the 10-year Treasury note rose above 1% for the first time since March.

Four federal agencies are looking into alleged aggressive and misleading sales tactics at the company; banks are worried about doling out fat payouts as millions of people are suffering.

The biggest banks are likely to repurchase $10 billion of stock, including $3.2 billion by JPMorgan Chase; the moves follow last week’s storming of the Capitol by Trump supporters.