Regulation

A former president and chief executive of a Tennessee bank is going to prison for bank fraud.

Amazon.com Inc. and 7-Eleven Inc. sued Visa Inc. and MasterCard Inc. over card fees after rejecting a multibillion-dollar settlement in an antitrust case.

The Federal Reserve's Tuesday vote on Basel III capital rules resulted in mostly good news for small banks and a harsh but expected message for large ones. For institutions of all sizes much remains to be decided, however. American Banker's Donna Borak explains.

The industry doesn't need to invest millions in further education and legislation. The road to a good credit score is pretty straightforward.

There were three issues that dominated Washington in June: cybersecurity, CFPB rules and staffing problems, and the unexpected emergence of a bipartisan housing finance reform bill. Following are the stories you don't want to miss:

HSBC's $1.9 billion agreement with the U.S. to resolve charges it enabled Latin American drug cartels to launder billions of dollars was approved by a federal judge.

Prudential Financial Inc., the No. 2 U.S. life insurer, is contesting a U.S. finding that it poses a potential risk to the financial system, becoming the first company to challenge the tag that brings additional oversight.

Wells Fargo and HSBC are among four banks that submitted "living wills," or road maps to help regulators safely dismantle them if they fail. Royal Bank of Scotland and BNP Paribas also filed.

Community bankers emerged victorious Tuesday after regulators made a number of key changes to a final package of Basel III capital rules in an effort to address smaller institutions' concerns. But the biggest banks, in contrast, fared far worse.

The FTC's move to hold payment processors responsible for the deeds of unscrupulous merchants could result in higher prices or fewer choices for small businesses and consumers.