Legal issues and news

New developments in the banking app space include apps for Gen Z bankers and the relaunch of Google Wallet.

JPMorgan Chase agreed to resolve a suit by a former vice president in its anti-corruption unit claiming she was marginalized, mistreated and then fired from the bank for complaining about compliance failures.

Credit Suisse Group agreed to pay €238 million ($234 million) to settle a French criminal probe into allegations the bank helped clients stash undeclared funds.

A federal judge dismissed a lawsuit by six Republican-led states challenging President Biden's student-loan forgiveness plan, finding the states failed to show they'd be directly harmed.

A Bloomberg News analysis found more than 45 groups and pages — with more than 1 million combined members — where the spoils of cyber crimes and the tools needed to carry them out were offered for sale.

The U.K.'s Financial Conduct Authority plans to fine Barclays Plc £50 million ($55.8 million) for failing to disclose arrangements with Qatar during the bank's capital-raising in the middle of the 2008 financial crisis.

Credit Suisse Group won a class-action trial in which the bank was accused of participating in a sprawling conspiracy to fix prices in the multitrillion-dollar foreign-exchange market.

Decentralized finance, the once red-hot slice of the crypto universe that was at the center of this year's collapse of the digital-asset world, is facing a rapidly increasing new challenge: financial hacking.

The U.S. Court of Appeals for the 5th Circuit overturned a lower court's ruling, declaring the agency's funding structure and its 2017 payday lending rule invalid.

Customers of the bankrupt crypto lender Voyager Digital may recover about 72% of the value of their accounts under a tentative deal for the company to sell itself to FTX US, the digital-asset exchange.

A Wisconsin taxpayers group asked the U.S. Supreme Court to block President Biden's student-loan relief plan from taking effect, accusing him of usurping the power of Congress and costing taxpayers potentially more than $1 trillion.

The bankrupt cryptocurrency lender Celsius Network faces U.S. federal "investigations," according to a filing from lawyers for its committee of unsecured creditors.

A board member of the National Credit Union Administration urges vigilance against threats that many institutions ignore at their peril.

An uptick in so-called operating losses helped drive up noninterest expenses excluding M&A costs at Truist Financial by 2% year over year, complicating its efforts to achieve positive operating leverage. The cost of reimbursing customers hurt by fraud seems to have been a contributing factor.

JPMorgan Chase must face a lawsuit from a former trader who claims he was fired in retaliation for cooperating with U.S. prosecutors investigating illegal spoof trades at the bank's precious-metals trading business, a federal judge in New York ruled.

The crypto lender Voyager Digital is pursuing settlements with two top executives after an internal probe uncovered potential claims of gross negligence stemming from risky loans made to the defunct hedge fund Three Arrows Capital, court papers show.

A former Deutsche Bank managing director said she was put up for redundancy purely because of her age and gender, just as executives in London feared the COVID pandemic would hit lending to the bank's wealthy clients.

An ex-Goldman Sachs Group banker sued the investment bank for around £20.3 million ($22.9 million) to make up for his losing his job after he made whistleblowing allegations about regulatory failures.

Robinhood Markets is poised to succeed in pushing a female former engineer's claims about a "toxic culture of gender bias" at the company out of open court and into private arbitration.

U.S. prosecutors and several federal regulators are seeking information from the bankrupt crypto lender Celsius Network.