In the latest salvo of cross-border probes over money laundering, The Wall Street Journal reported Friday (Sept. 14) that U.S. law enforcement agencies are examining Danske Bank over what has been termed “massive money laundering flows” from Russia and several former Soviet states. Get the...
To settle allegations involving its premium “dark pool” called Citi Match, Citigroup will pay more than $12 million in “disgorgement and penalties.” The news comes as the U.S. Securities and Exchange Commission (SEC) claims that two high-frequency traders routed millions through Citi Match, while the...
To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government. In a complaint filed with a federal court, New...
JPMorgan Chase is pulling out all the stops to get wealthy, young customers to open a new Sapphire bank account. The bank announced that customers who open a new Sapphire checking account, beginning in October, can earn 60,000 rewards points, which Sapphire Reserve cardholders can...
A decade is a favorite demarcation point in taking stock and looking forward, in looking at where something has been, where it is and where it is headed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
JPMorgan Chase is gearing up to spend $500 million during the next five years to boost economic opportunities in cities around the country and some outside of the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
SWIFT is gearing up to roll out a pre-validation service that will enable customers to pinpoint and resolve errors that delay payment messages before they are sent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
There’s a good chance that JPMorgan Chase could soon become the largest U.S. bank in terms of outstanding loans, dethroning current champ Wells Fargo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
