Risk

The bank agreed to pay $4.6 million to settle charges it didn't tell consumers why their checking account applications were rejected; Winklevoss brothers to supply bitcoin data to Chicago exchange.

Shopping and paying for goods with a smartphone or tablet has been a staple of modern consumerism for years, but mobile wallet adoption is just at its early stages, writes Lisa Stanton, president of InAuth.

The post-crisis swing in the regulatory pendulum changed Wall Street forever, but it's not clear how much life changed for the umpires of credit, despite a few regulatory tweaks.

JPMorgan Chase is among four banks sued by a trustee for investors in the debt of Millennium Health LLC, alleging the lenders failed to inform them of a federal probe into the billing practices of the borrower.

Rising fraud rates in mobile channels have spawned a bumper crop of new tools to battle crime, but merchants appear to lack consensus on which ones are most effective.

Wirecard has released a flurry of products in recent months as it builds a global footprint, and its most recent effort focuses on risk management for small businesses that want to sell online.

When breaches occur it is the standard practice for the notification to come directly from the company affected. The difference with Discover's service is that, because it's an opt-in program, its users may already be bracing themselves for bad news.

Some bankers fear the use of artificial intelligence in detecting crime could catch innocent customers in a dragnet. Proponents say it can do a better job of spotting true criminals.

The Office of the Comptroller of the Currency has named William A. Rowe, a deputy chief of staff and liaison to the Federal Deposit Insurance Corp., as its new chief risk officer.

Readers question acting comptroller Noreika, weigh in on SoFi’s charter application, defend Trump’s exit from the Paris Accord, and more.

In a sign of broader competition ahead, bigger banks are raising the interest they pay on deposits held by business customers. The big question is how hard will it be for banks to maintain margins and to stave off consumer demands for better rates.

With a heavy focus on the granular details of compliance, bankers and regulators might miss the big picture — not unlike New York City’s approach to fighting crime in the 1990s.

The phony-sales scandal forced a reckoning over an organizational structure that had long encouraged autonomy for the bank’s various business units.

Without climate change mitigation, financial institutions should expect higher weather-related losses, greater uncertainty surrounding transition pathways and increased market volatility.

Federal Reserve Chair Janet Yellen said the central bank is prepared to issue further enforcement actions against Wells Fargo for its account scandal if “appropriate.”

Eleven major banks including Barclays, Citigroup and UBS said they'll seek ways to address the financial risks of global warming, after Bank of England Governor Mark Carney urged investors to act on the threat.

The nation’s largest state set out to bring a once-illicit industry into the financial mainstream but is now running into a Washington, D.C.-size barrier.

The Office of the Comptroller of the Currency told a somewhat familiar story Friday about the industry's risk environment.

Sellers may shy away from partnering with banks that rely too heavily on one individual for their success, so buyers must show they are ready to handle unexpected departures or illnesses involving key personnel.

If HSBC reaches an agreement with the government, it could give an early indication of how the Trump administration will levy financial penalties.