Multiple regulators issued a joint statement encouraging banks to embrace innovation when it comes to battling financial crime. In an interview with PYMNTS, DLA Regulatory...
Société Générale S.A. of Paris, France has agreed to pay U.S. federal and state authorities $1.34 billion to resolve legal disputes due to the firm’s...
Wells Fargo’s regulatory woes continue. According to a report in The Wall Street Journal on Wednesday (Nov. 7), the bank in “recent weeks” has been sent a...
A court hearing late last week gave the all-clear for CYBG to complete its acquisition of Virgin Money for $2.24 billion, finalizing one of the...
U.S. banking watchdog the Office of the Comptroller of the Currency (OCC) is facing a lawsuit, adding another setback to its struggling effort to provide...
The European Commission is crafting a proposal aimed at giving the European Banking Authority more enforcement powers and resources to go after banks that are...
Following scandals at European lenders, the European Central Bank (ECB) wants the European Union (EU) to step up enforcement of anti-money laundering (AML) rules. To...
The U.K.’s request for the European Union to expand its financial market access after Brexit isn’t going to be met in the near future. Reuters, citing Levin...
Bloomberg reports that banks in Kenya are pursuing regulatory approval to use distributed ledger technologies (DLT) to help facilitate payments and create credit scoring models....