An initiative to prohibit commercial banks in Switzerland from electronically creating money when they make a loan was overwhelmingly rejected by Swiss voters. Get the...
After workers reportedly didn’t get rest breaks, allowed by California’s strict labor rules, Wells Fargo will have to pay $97 million to private mortgage bankers...
May 11 is basically here, with new Customer Due Diligence rules likely to send ripples, if not shockwaves, across the FI landscape. As GIACT EVP of...
Banks beware: The Financial Consumer Agency of Canada (FCAC) is planning to get tougher on the way it monitors financial institutions. Get the Full Story...
In an effort to bring more investments to the financial sector, the China Banking Regulatory Commission (CBRC) has overhauled rules to make things easier for...
Wells Fargo is replacing four members of its board and will be prevented from growing beyond a certain asset level under a rare action by...
EU regulators are the driving force behind an upcoming wave of cross-border bank mergers, according to reports in Reuters Wednesday (Dec. 27). Get the Full...
Jerome Powell, President Donald Trump’s pick as chairman of the Federal Reserve, said at his confirmation hearing that he supports rolling back some bank regulations,...
Joseph Otting was sworn in as U.S. comptroller of the currency on Monday to serve as the leading regulator of national banks. Get the Full...