You Searched For "office of the comptroller of the currency" and got 20 results
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2 mins read
Bank of America has been fined $225 million for 'botching' unemployment benefit payments during the pandemic
A federal agency said the bank had engaged in "unfair and abusive acts and practices" that cut some…
Grace Dean
1 min read
US regulators will issue guidance for banks dealing with cryptocurrencies in 2022
They analyzed crypto activities banks may be interested in such as crypto custody, sales of cryptoa…
Isabelle Lee
2 mins read
SoFi soars after it get approval to become a bank – but the green light comes with the condition that it can't do any business in crypto
The regulatory approval came with a caveat: SoFi cannot engage in any activity related to crypto un…
Isabelle Lee
2 mins read
US banking regulators are developing clearer guidelines for banks that deal with cryptocurrencies, report says
"If we don't bring this activity inside the banks, it is going to develop outside of the banks," Je…
Isabelle Lee
1 min read
Top banking regulator compares crypto to tools that sparked the financial crisis while lobbyists decry 'overly conservative' approach
Crypto firms have hired armies of former regulators to exert maximum influence on fast-changing pol…
Ethan Wu
7 mins read
Check out these 8 pitch decks of crypto startups that have raised millions
These are real-life examples of pitch decks used by crypto startups to raise millions from investor…
Business Insider
2 mins read
America's oldest bank will start transacting bitcoin for clients as the cryptocurrency's popularity explodes, report says
BNY Mellon aims to open its custodial service to bitcoin later this year, marking a major step forw…
Ben Winck
1 min read
Bank stocks soar after Donald Trump's election victory
Shares of the biggest US lenders soared Wednesday after the election, as markets eye looser regulat…
Jennifer Sor
2 mins read
TD Bank falls 8% after it faces $3 billion fine and growth caps over charges of enabling fentanyl-linked money laundering scheme
A Chinese drug cartel that was selling fentanyl bribed TD Bank branch employees in New York and New…
Matthew Fox
2 mins read
Citi needs a white knight. Donald Trump's second term might provide one.
Trump's promise of light regulation could solve one of Citi's biggest problems.
Hayley Cuccinello
2 mins read
Citi's regulatory nightmare still haunts CEO Jane Fraser
Citi CEO Jane Fraser was dogged by questions about the bank's longstanding regulatory troubles.
Hayley Cuccinello
11 mins read
Meet the executive tasked with Citi's hardest challenge: getting the bank's house in order
Anand Selva made his name in Citi's consumer bank. Now he runs Citi's multibillion-dollar effort to…
Hayley Cuccinello
2 mins read
NYCB recovers from sharp losses as Steven Mnuchin's firm provides $1 billion equity investment
Trading of the stock was halted multiple times through the day. NYCB has shed over 67% year-to-date…
Filip De Mott
2 mins read
U.S. Bank has been fined nearly $36 million for freezing some customers' access to unemployment benefits during the pandemic
The CFPB said U.S. Bank froze tens of thousands of ReliaCard accounts and didn't make it easy for c…
Grace Dean
1 min read
Ex-Wells Fargo exec who pushed bankers to open fake accounts will plead guilty. She'll pay a $17 million fine — and faces more than a year in prison.
The former exec, faced with up to 16 months in prison, agreed to plead guilty to charges she obstru…
Grace Mayer
1 min read
FTX's crash has sparked contagion throughout the crypto sector, but the Federal Reserve doesn't consider it a risk to the broader financial system
Minutes from the Federal Reserve's December meeting revealed that policymakers acknowledged the dow…
Phil Rosen
2 mins read
Billionaire investor Bill Ackman says feds 'screwed up' handling of Silicon Valley Bank collapse, warns they have '48 hours to fix a soon-to-be-irreversible mistake'
Ackman criticized the government's lack of intervention in SVB's collapse on Friday, as well as its…
Aaron McDade
3 mins read
Wells Fargo is paying yet another huge penalty to settle more allegations it harmed its own customers
"Repeat offender" Wells Fargo engaged in practices that cost customers "billions," a regulator says…
Sindhu Sundar
2 mins read
Biden reportedly is set to nominate a law professor critical of crypto and big banks to run the OCC
Omarova previously served under President George W. Bush's administration as a special adviser for …
Carla Mozée
3 mins read
Warren accuses GOP senator of 'Red Scare tactics' after he suggests Biden nominee is a communist because of where she was born
"Sexism, racism, pages straight out of Joe McCarthy's 1950s Red Scare tactics," Warren said of Kenn…