Worldline accused of serving sketchy firms, laundering money
Der Spiegel and other European publications say the company continued to serve porn sites and money launderers even after regulators cracked down on it.
SLR proposal gives GSIBs a capital break, keeps Treasuries
Regulators proposed a rule to replace the 2% enhanced supplementary leverage ratio with a capital charge equal to half of a bank’s global systemically important bank surcharge. Low-risk assets will continue to count toward leverage requirements under the proposal.
Santander to sell 7 branches to Community Bank in Syracuse
The pending sale of the branches in eastern Pennsylvania to a central New York-based bank comes amid Santander’s planned closure of 18 branches this summer and its continued focus on building out a national digital bank.
FedNow boosts real-time limit; Klarna adds Google Pay
The government’s instant processing rail hopes to enable new use cases, while Klarna adds to its network.
Powell says Fed will revisit Basel III capital rules
As the Federal Reserve considers changes to the supplemental leverage ratio, Fed Board chair Jerome Powell said that effort is one piece of a broader deregulation package that will also address the Basel III capital rules.
Glacier Bancorp to acquire Texas bank in $476 million deal
The prolific purchaser is entering the state in a bid to expand its Southwest presence.
ABA unveils new tool to fight Treasury check fraud
The ABA’s new service adds payee name validation to help banks fight growing fraud risks.
Banks need to be more proactive in promoting youth financial literacy
Many young people begin their journey into adulthood without a solid grounding in the basics of personal finance. Banks and other financial institutions are in a unique position to provide that knowledge.
As regulation fades, a nonprofit pushes voluntary standards
New self-regulatory guidelines for credit cards and checking accounts are arriving at a time of deregulation in Washington, D.C.
Warren slams push to revise supplementary leverage ratio
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., sent a letter to banking regulators urging them to preserve the enhanced Supplemental Leverage Ratio, warning that a rollback would only enrich bank shareholders.