Investments

The London-based bank overbilled customers by nearly $50 million through violations including collecting excess mutual fund fees.

Kreditech will deliver its artificial intelligence and machine-learning credit underwriting and loan management technology to PayU’s network of 300,000 merchants

Banks have warmed up to digital wealth management tools but will need to use their human advisers, too, to beat fintechs.

The consumer banking experience still needs work. But instead of investing money in consumer-facing products, we must invest in critical yet less sexy infrastructure improvements.

The post-election rally in banking stocks has given certain buyers the ability to make acquisitions that would add to tangible book value, perhaps making it easier for them to pursue more deals.

The investors suing PayPal, who seek class-action status, say the company served as the payment processor for about $134 million in investments in Traffic Monsoon. They’re seeking at least $5 million in damages.

Second settlement of the week pushes recoveries by the regulator from MBS suits to $5.1 billion.

Regulator now has recovered nearly $4.8 billion in various suits related to the mortgage meltdown in 2008.

In an echo of the rescue deals of 2007 and 2008, New Residential's CEO framed the transaction as something undertaken to benefit the entire industry.

Depending whose money they're using, Wells Fargo and JPMorgan Chase either love subprime car loans or fear them.