Banking

Leandra English said she plans to leave the agency and drop a lawsuit that sought to install her as director of the consumer agency; the stock exchange’s CTO is joining the Winklevoss twins’ Gemini firm.

A money-laundering scandal at Denmark's largest bank has prompted increased regulatory scrutiny at larger banks, so criminals may try to filter dirty money at smaller institutions, a regulator warned.

Echoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.

The information you need to start your day, from PaymentsSource and around the Web. Today: Exxon's new rewards program stumbles out of the gate; Monaco pays big for crypto.com domain; WeChat Pay expands to the French Riviera; Western Union expands in Russia.

A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort.

These teens and early 20-somethings are hardworking, frugal, prudent, debt averse and fiercely opposed to fees — much like their great-grandparents who grew up during the Depression.

Online lenders and other firms await news from OCC and Treasury on the future of their supervision, even as they absorb the news that Square had to temporarily pull its industry loan company application.

Credit unions have seen massive gains in auto lending in recent years, but one analyst fears CUs may be too focused on that and losing share of wallet elsewhere as a result.

Provident Financial said it increased its allowance against a commercial loan after discovering that the borrower overstated the value of its collateral.

Credit unions in the Cornhusker State held the top two spots in a survey from Forbes and Statista, a marketing research firm.

While sellers in urban centers are getting a lot of attention from acquirers, Southern Bancorp in Arkansas shows the upside of pursuing smaller deals in underserved rural markets.

Beach Community Bank, which recently added $100 million in capital, hired veteran banker Carl Chaney as its executive chairman.

The fundraising is a sign of the rise in the anti-money-laundering market, which is expected to reach $4.26 trillion worldwide in less than a decade.

The Swiss bank allegedly hired Chinese officials’ friends and relatives to win business; JPM asked “several dozen” employees to consider moving from London.

The information you need to start your day, from PaymentsSource and around the Web. Today: Facebook moves an additional exec to blockchain project; Sydney Airport tests facial biometrics; Ant invests in WiFi for underground metros; Razer adds a mobile wallet.

Jennifer Jackson will succeed Shane Holdaway as head of the Toronto-based unit, which has 1,200 employees.

Founders of the startup digital bank Cogni say they have the formula for reaching Uber drivers and the like, but observers warn it's a group that won't be easily won over.

There are signs that commercial loan demand finally picked up in the second quarter, but banks still face some obstacles.

BluCurrent CU launched video banking in 2012 in the hope new technology would be cheaper long-term than additional staffing, and the credit union has seen strong growth as a result.

The payments processor has pulled its submission to the FDIC to become a depository bank but says it plans to make a second attempt soon.