The offering values the Chinese fintech at $313 billion, more than some of the U.S.’s biggest banks; the issuer and the bank would be penalized if they fail to live up to their green promises.

Will clawing back $174 million in executive pay deter executives from another scandal?; the U.K. bank’s resurgence vindicates Staley’s sticking with investment banking, but can it last?

The bank is also taking $174 million in pay from executives, including its current and former CEOs; civil rights groups say the new rule will make it harder to prove housing discrimination.

The New York State “Bitlicense” will allow customers to use bitcoin to make online retail purchases; Cleveland Fed chief says persistent low rates may encourage risky behavior.

Quarles says the pandemic revealed flaws in the financial system that have yet to be fixed; big banks will need to have enough funds on hand to meet their needs for a year.

But the FDIC warns that the effects of the pandemic may reverse last year’s gains; Fed chair says it’s more important to get it right than be the first central bank to issue a cybercurrency.

But the stimulus-fueled improvement is making it more difficult for lenders to assess risk; two regional bank presidents are worried that low-rate policies are giving rise to excessive risk taking.

Ray McGuire, a 15-year Citi veteran, is one of Wall Street’s most prominent Black bankers; Morgan Stanley said its quarterly profit rose 25% versus the year earlier period.

The bank has fired more than 100 workers for allegedly making fraudulent applications for SBA disaster loans; credit is holding up well so far, but that could change without more stimulus, Quarles says.

Despite strong third-quarter earnings, both banks aren’t yet ready to call the coronavirus crisis over; Treasury unit tells banks to be on the alert for jobless insurance scams.