Judge approves TD Bank’s $8.7 million settlement with NYPD officers
The suit alleged that many off-duty cops picked up shifts at TD as security guards, only to go unpaid or wait months for their paychecks. The settlement did not include an admission of liability by the bank.
Goldman CEO dismisses calls to end ties to fossil-fuel firms
Goldman Sachs Group Chief Executive Officer David Solomon defended the need to support traditional energy companies, batting away demands from climate activists to abandon their clients in that sector.
Coinbase role in crypto firm Celsius’s bankruptcy plan questioned by SEC
The Securities and Exchange Commission — which charged Coinbase this year with operating as an unregistered securities exchange, broker and clearing house — says Coinbase Global’s proposed involvement in Celsius Network’s plan to emerge from bankruptcy raises many of the same concerns as those in the agency’s lawsuit.
How a Georgia credit union is combating loan fraud
Georgia United Credit Union is collaborating with the income-verification fintech Argyle to combat submissions of false documents and other crimes.
MidWestOne to exit Florida by selling branches to credit union
The Iowa-based bank says its two branches in Naples and Fort Myers were too small a presence to be competitive, so it decided to sell them to DFCU Financial.
How banks can cross the ‘uncanny valley’ as AI becomes more human
Banks need to — and can — take steps to manage the phenomenon, first defined by a Japanese academic in the 1970s, where artificial intelligence looks, feels or sounds human and gives customers a creepy feeling, experts say.
Federal Home Loan banks ‘failed to meet existing expectations’: OIG report
Each of the 11 Federal Home Loan banks will be sent a supervisory letter and an advisory bulletin on bank credit risk from their regulator the Federal Housing Finance Agency, according to a report from the FHFA’s Office of Inspector General.
Survey: Nearly three-fourths of investors say bank stocks undervalued
A Piper Sandler poll found that 91% of respondents believe that either a mild or severe recession is already reflected in banks’ shares. The survey also unveiled that market participants remain concerned mostly about credit quality and aftershocks from surging interest rates.
What to expect from Early Warning’s digital-wallet pilot next month
After delays, the bank-owned consortium that launched Zelle in 2017 is poised to launch a limited-market test of Paze, its card-powered online checkout method.
Deutsche Bank’s DWS to pay $25 million to settle SEC probes
Deutsche Bank AG’s DWS asset management arm agreed to pay a total of $25 million to settle Securities and Exchange Commission probes into alleged greenwashing and anti-money laundering lapses.