First & Peoples survived many disasters, but loans to a fintech may prove its undoing
Banker’s guilty plea to sex offences raises questions about how employers monitor criminality
Regulator’s sprawling probe has already raked in more than $2bn in penalties
Plus, how hedge funds are fighting back against proposed SEC rules and Mars reaches a deal to buy snacks maker Kellanova
Companies that self-reported violations are facing smaller fines than those that did not disclose the conduct
What’s CECL trying to tell us?
Exits of protégés have raised questions about Daniel Pinto’s future and the bank’s succession plans
Lenders face scrutiny over ‘sweeping’ idle client cash into other investments and pocketing the difference
A mysterious breach of a small bank in Arkansas shows fintech needs to focus more on its plumbing
Investment groups are alarmed by efforts to curb their influence on governance and strategy at American lenders
About 50,000 staff are using a large language model designed by the bank to boost productivity
Penalty shows how chief executive Jane Fraser is struggling to resolve chronic issues plaguing the bank
Goldman Sachs, JPMorgan Chase, Morgan Stanley, Bank of America and Citigroup reported $8.2bn in fees
Bank reports 40% rise in quarterly profits but wealth unit struggles to attract assets with interest rates higher
The longer the Fed keeps rates on hold, the more incentive Americans have to move their money to higher-yield products
Results from second-largest lender in US show strain of higher rates on banks and borrowers
Banking returns were superior at the time of its IPO 25 years ago
US investment bank’s results also helped by stronger performance from equities and fixed-income trading
Bank appeals against regulator’s conclusion that it would lose more than $40bn in worst-case scenarios
Rural US lender outgrows Arkansas mountain roots with outsized loans in boom-and-bust market
Earnings from lending fall at JPMorgan, Citigroup and Wells Fargo in second quarter
Corporate and investment bank helps offset weakening household finances
Equity issued to Viswas Raghavan who joined from JPMorgan in June will vest over seven years
Penalty stemmed from bank’s inability to correct problems that it had already been cited for in 2020
The numbers are tilted in favour of the Wall Street vultures stumping up capital
