JPMorgan Chase Paying $264 Million To Settle Allegations Of Nepotism In China
U.S. officials say the bank had a program to hire the friends and relatives of Chinese government officials who could send business its way.
Banks
Trump Team Promises To 'Dismantle' Dodd-Frank Bank Regulations
For six years, the Dodd-Frank Act has been rolling out rules intended to tame inappropriate risk-taking by banks. The Trump transition team now says the new administration will "dismantle" the law.
'Mystery Shoppers' Help U.S. Regulators Fight Racial Discrimination At Banks
The Consumer Financial Protection Bureau is sending undercover operatives to ferret out racial discrimination. They're called "testers" or "mystery shoppers" and pose as customers applying for loans.
Influential GOP Congressman Wants To Replace Key Bank Regulations
House Financial Services Committee Chairman Jeb Hensarling is aiming at rules created after the 2008 financial crisis. Democratic Sen. Elizabeth Warren calls the plan a "wet kiss" for the big banks.
New Rule Would Make It Easier For Consumers To Sue Banks
The Consumer Financial Protection Bureau proposed banning financial firms from forcing arbitration to avoid lawsuits. But industry officials say the rule will lead to frivolous legal action.
Breaking Up The Banks May Be More Complicated Than It Seems
Bernie Sanders says one of his first acts as president would be to begin the process of breaking up big banks. But there's a problem: The president doesn't really have any direct authority to do so.
Progress Made To Rein In Shell Corporations, But More Action Needed
Global organizations have been trying to rein in the abuse that costs governments hundreds of billions of dollars. But the Panama Papers revelations show the extent to which more work is needed.
He Led The Financial Bailout But Says Banks Are Still Too Big To Fail
Despite changes after the 2008 financial crisis, Neel Kashkari, one of the leading figures in the federal bailout, says major banks are still at risk. "I don't think we've gone far enough," he says.
How Major Chinese Banks Help Sell Knock-Offs
Leading banks in China are facilitating the sale of counterfeit handbags, clothes and other knock-off goods online, by hosting bank accounts for bogus manufacturers.
Little Florida Bank Goes Where Behemoths Fear To Tread: Cuba
Middlemen, messy currencies and questions galore allude to the price of banking in Cuba — but that's not stopping Stonegate, the first to offer customers a debit card they can use across the strait.