Bank

Square Commences Operations as an Industrial Bank
Credit & Capital

Square Commences Operations as an Industrial Bank

The fintech company's CFO Amrita Ahuja said bringing banking capability in-house will enable the company to “operate more nimbly.”
By Lauren Muskett | March 2, 2021
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PNC to Buy BBVA’s U.S. Unit for $11.6B
M&A

PNC to Buy BBVA’s U.S. Unit for $11.6B

The cash deal would be the second largest in the banking sector since the 2008 financial crisis.
By Lauren Muskett | November 16, 2020
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House Report Says Wells Fargo Continues to ‘Abuse’ Customers
Risk & Compliance

House Report Says Wells Fargo Continues to ‘Abuse’ Customers

A new report slams the bank for failing to comply with regulatory orders on multiple customer abuse scandals and blasts regulators for inaction.
By Lauren Muskett | March 5, 2020
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Are There Good Banks and Bad Banks?
Risk & Compliance

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.
By Christopher Whalen | May 10, 2017
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Deutsche Bank Fined Over Laundering Controls
Risk & Compliance

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.
By Matthew Heller | January 31, 2017
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Morgan Stanley Profit Almost Doubles to $1.6B
Financial Performance

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.
By Matthew Heller | January 18, 2017
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FDIC Says BofA Owes $542M to Insurance Fund
Risk & Compliance

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.
By Matthew Heller | January 10, 2017
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RBS Investors Propose Shareholder Committee
Risk & Compliance

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.
By Matthew Heller | December 30, 2016
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U.S. Sues Barclays Over $30B in Toxic RMBS
Risk & Compliance

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.”
By Matthew Heller | December 22, 2016
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Fed Adopts Bank Bailout Prevention Rule
Risk & Compliance

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.
By Matthew Heller | December 20, 2016
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EverBank Reveals Buyout Negotiations
M&A

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.
By Vincent Ryan | July 26, 2016
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Citibank Fined $425M in Rate-Rigging Cases
Risk & Compliance

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.
By Katie Kuehner-Hebert | May 25, 2016
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Finance Roundup for Executives: May 17, 2016
Corporate Finance

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.
By Kerry Maruna | May 17, 2016
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Fed Proposes Limits on Banks’ Credit Exposure
Risk & Compliance

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.
By Katie Kuehner-Hebert | March 7, 2016
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Canadian Banks Face $114B Compliance Bill
Risk & Compliance

Canadian Banks Face $114B Compliance Bill

New global rules will require the banks to have a shock-absorbing cushion even though they avoided the 2008 crisis.
By Matthew Heller | November 18, 2015
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