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Banks

CFPB announces rule limiting bank overdraft fees

by Mark McDuffie
CFPB announces rule limiting bank overdraft fees

Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial …

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United Healthcare CEO shooting: Executives worry about safety

by Mark McDuffie
United Healthcare CEO shooting: Executives worry about safety

Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing. Source: NYPD UnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely …

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CFPB sues Comerica Bank over federal benefits program

by Mark McDuffie
CFPB sues Comerica Bank over federal benefits program

A Comerica Bank sign on a building in Walnut Creek, California, March 30, 2023. Smith Collection/gado | Archive Photos | Getty Images The Consumer Financial Protection Bureau filed a complaint …

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UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive

by Merchant Moller
UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023.  Bloomberg | Bloomberg | Getty Images Divided between two takeover courtships, UniCredit’s Andrea Orcel still …

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American Airlines picks Citi as sole credit card partner, drops Barclays

by Mark McDuffie
American Airlines picks Citi as sole credit card partner, drops Barclays

American Airlines planes sit parked at LaGuardia Airport in New York City, Nov. 27, 2024. Shannon Stapleton | Reuters American Airlines has completed a long-awaited credit card deal with Citigroup, dropping its …

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Banks raise costs in response to CFPB rule

by Mark McDuffie
Banks raise costs in response to CFPB rule

A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City.  Robert Nickelsberg | Getty Images Banks that issue credit …

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Art Cashin, New York Stock Exchange fixture for decades, dies at age 83

by Merchant Moller
Art Cashin, New York Stock Exchange fixture for decades, dies at age 83

Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. He was …

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Swiss wealth manager Lombard Odier indicted on money laundering charges

by Merchant Moller
Swiss wealth manager Lombard Odier indicted on money laundering charges

A pedestrian walks by the entrance to Lombard Odier in Geneva, Switzerland. Bloomberg | Bloomberg | Getty Images Lombard Odier — one of Switzerland’s oldest private banks — was indicted …

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MUFG considering bid for Japanese robo-adviser WealthNavi

by Merchant Moller
MUFG considering bid for Japanese robo-adviser WealthNavi

Mitsubishi UFJ Financial Group is considering a bid for Japanese robo-advisory firm WealthNavi, as it looks to expand its financial-technology capabilities and cater to households going online to invest more …

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Banco BPM says UniCredit’s takeover offer does not reflect its profitability

by Merchant Moller
Banco BPM says UniCredit’s takeover offer does not reflect its profitability

A Banco BPM SpA bank branch in Milan, Italy, on Friday, Nov. 15, 2024.  Bloomberg | Bloomberg | Getty Images Italian lender Banco BPM on Tuesday said the unexpected takeover …

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