CEOs of investment banks had huge stock gains in 2020 while heads of retail banks suffered paper losses; the digital currency has climbed another 10% so far in 2021, topping $34,000.

While delinquencies are down thanks to previous government support checks, bank lending is moribund; the two bankers helped the president get $330 million in loans that come due soon.

The application rate for new cards has fallen 10 points to just under 16%, the lowest level since 2013; small businesses that got loans last time would be eligible for a second helping, with limits.

The central bank said banks could withstand as much as $600 billion in pandemic-related loan losses; Fidelity National and Global Payments aborted talks about a $70 billion merge.

The Swiss charges follow several recent scandals at the bank; the filing by the largest cryptocurrency exchange follows by one day bitcoin climbing past a record $21,000.

The digital currency soared another 9% Wednesday, climbing past $21,000; the bank made the first move on the asset manager, won by Morgan Stanley, and eventually offered more money.

The eurozone’s conditions on resumed payouts are stricter than those announced by the Bank of England; the central bank has joined the international network on limiting climate change risks.

The already-struggling commercial property market may face even more problems in 2021; NatWest, joins Lloyds Bank in lowering down payments in a booming residential market.

The two midwest regionals agreed to merge in a $6 billion deal; community banks had their "best year ever," in large part from the "government money that passed through banks on the way to households and businesses."

The bank’s former president said he will give 1MDB clawback money to charities, not the bank; the country’s regulator said banks are resilient enough to resume limited dividends.

BofA, Citi, and Deutsche Bank are expecting strong results for the current quarter; many small business loan applicants made no secret of their intention to game the program.

The JPMorgan CEO says trading and investment banking revenues are up over 20% this quarter; Scharf says the bank’s internal reporting is “far, far better” under his regime.

The bank is considering moving part of its asset management unit to Florida in a cost-cutting move; the company says “buy now, pay later” installment loans are too risky for consumers.

The lobbying group wants David Perdue to keep his seat on the Senate Banking Committee; the recent 90% jump is being driven by “passionate individuals and return-starved hedge funds.”

The payments processor will offer banking products to its customers through Goldman Sachs and Citigroup; but Judy Shelton’s nomination remains in doubt.

Randal Quarles said banks should have used their extra capital cushions to help more during the pandemic; 1% of small business borrowers got 25% of the funds, SBA records reveal.

A bipartisan group proposed a $908 billion measure while Mitch McConnell unveiled his own plan; the rally has pushed borrowing rates to their lowest levels since the pandemic started.

The digital currency’s recent 90% jump is being fueled by ‘less speculative fever;’ the liquidity facility designed to enable small banks to make more PPP loans has been extended until March.

The finance unit wants to accept deposits to support its auto lending business; but the U.K. bank is not considering a full exodus from the U.S., where it wants to grow wealth management.

Praise for the former Fed chair as she confronts a troubled economy as presumptive Treasury secretary; the fine is the bank’s second large penalty in the past three months.