To settle claims that it broke Iranian sanctions, Cuban Assets Control Regulations and Weapons of Mass Destruction bank regulations, JPMorgan Chase has agreed to a $5.3 million fines payment. The U.S. Treasury noted that the violations were voluntarily disclosed by the bank and were a “non-egregious...
TD Ameritrade’s new research report, “The Tech Effect: How the Digital Age is Changing Investing,” surveyed 1,000 U.S. investors between the ages of 18 and 70 with over $10,000 in investable assets. Get the Full Story Complete the form to unlock this article and enjoy...
Goldman Sachs Group has launched its consumer bank, Marcus, in the United Kingdom, the latest salvo of the company’s push into retail banking, this time across the pond. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
U.S. banks may be shuttering branches in an effort to cut costs, but JPMorgan Chase is employing a different strategy, aiming to open up more physical storefronts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
FIs have their work cut out for them when it comes to giving consumers what they want. After all, ours is an age dominated by services on demand, personalization by bots and Alexa and any number of innovations that ease commerce done 24/7. Get the...
A credit union (CU) is now the first financial institution (FI) in Massachusetts to offer banking services to recreational marijuana companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
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...
