Are There Good Banks and Bad Banks?
No, there are simply big banks that get federal subsidies and small banks and nonbanks that don't, thanks to regulatory favoritism: Opinion.
Deutsche Bank Fined Over Laundering Controls
A New York State regulator says the bank's deficient controls facilitated $10 billion in sham trades involving Russian investors.
Morgan Stanley Profit Almost Doubles to $1.6B
The bank's fourth-quarter earnings reflect the more optimistic sentiment of investors since the election of Donald Trump.
FDIC Says BofA Owes $542M to Insurance Fund
An FDIC lawsuit alleges the bank may ultimately have underreported its deposit insurance liability by more than $1 billion.
RBS Investors Propose Shareholder Committee
Shareholder groups say the committee would “prevent poor stewardship” and avoid a repeat of mistakes that led to the bank's 2008 bailout.
U.S. Sues Barclays Over $30B in Toxic RMBS
Due diligence vendors described some of the loans underlying the securities as having the “distinct aroma of default.”
Fed Adopts Bank Bailout Prevention Rule
The total loss-absorbing capacity rule is "one of the last critical safeguards that make up the core" of the Fed's post-financial crisis reforms.
EverBank Reveals Buyout Negotiations
Lender EverBank is in talks with a prospective buyer, in what would be one of the largest banking takeovers since the financial crisis.
Citibank Fined $425M in Rate-Rigging Cases
U.S. regulators allege Citi manipulated key swaps and interest rate benchmark to benefits its own trading positions.
Finance Roundup for Executives: May 17, 2016
Be informed, get involved, and shape the world through finance. Read CFO.com's most recent headlines and standout stories.
Fed Proposes Limits on Banks’ Credit Exposure
The new effort to reduce systemic risk in the industry is a less restrictive version of a 2011 rule that met with strong criticism from banks.