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Corporate payment provider Wex is already laying the groundwork for 2015, when it plans to use the ExxonMobil fleet payments program to jump-start its efforts in the large network of European countries that comes with the new product.
February 5 -
Bankers have gone to jail since the financial crisis, but none of them have been senior executives from the biggest banks, even as those banks continue to face government charges and civil lawsuits over an array of operations and business practices. American Banker editor-in-chief Neil Weinberg explains why the legacy of "Too Big to Jail" is doing long-term damage to banks.
February 5
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While it is undoubtedly possible to create standalone institutions that can weather almost any financial storm, the capital and liquidity levels of those institutions will seriously limit their usefulness as engines of economic growth.
February 5
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The United Kingdoms Office of Fair Trading has declined to renew the consumer credit licenses for debt buyer HFO Capital Limited and two affiliate collection agencies after finding evidence of misleading and unfair practices.
February 5 -
Lynn E. Szymoniak, famous for helping to uncover the robo-signing scandal, is now suing 22 companies for allegedly creating fraudulent documents and submitting tens of thousands of false claims to HUD.
February 5 -
JPMorgan Chase & Co. (JPM) will pay $614 million to settle claims it improperly approved Federal Housing Administration and Veterans Affairs loans that weren't eligible for insurance from those agencies because they didn't meet underwriting requirements.
February 5 -
The Federal Reserve banks signaled Tuesday that they are pushing ahead with their efforts to encourage the construction of a faster nationwide payment system.
February 4 -
House Republican leaders squashed an attempt Tuesday by Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, to force a vote on a Senate-passed bill reforming flood insurance.
February 4 -
Morgan Stanley (MS) agreed to pay $1.25 billion to settle a U.S. regulator's claims that the investment bank sold faulty mortgage-backed securities to Fannie Mae and Freddie Mac.
February 4 -
The Senate passed a huge, five-year farm bill on Tuesday, which will now be sent to President Obamas desk for a signature.
February 4
