The court had ordered seizure of $439.5 million late last month in an ongoing sanctions dispute between JPMorgan and Russia-owned VTB Bank.

To that end, a bill attached to the hearing, introduced by Rep. Andy Barr, R-KY, the chair of the Financial Institutions and Monetary Policy Subcommittee, seeks to curtail the amount of time banks ...

The penalty, which the lender said it will pay to a third, unnamed U.S. regulator, adds to the $348.2 million JPMorgan agreed to pay the OCC and the Fed in March.

The central bank “has made no decisions on timing, process or substance” of the proposal, it said in a statement seen Wednesday by Bloomberg.

At more than $1.2 billion in assets, Sabine is one of the largest banks to be part of an acquisition by a credit union. It's the eighth such deal this year.

Commenting on the Company’s performance, Mr. Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – “We are delighted to close another good growth year in terms of ...

Wells Fargo shareholders rejected a proposal Tuesday to appoint a third-party monitor that would have examined whether the bank was impeding employees’ unionization rights, according to American ...

CEO Joseph Otting said the lender has “identified an opportunity” to sell $5 billion in assets but declined to share details until a deal is final.

The amount, however, is meant to cover the fine from just one of the three U.S. regulators investigating the bank's anti-money laundering systems.

There will be banks that have similar problems to this,” necessitating an infusion of capital or a sale, said Robert Hartheimer, an FDIC veteran who now works at consulting firm Klaros Group.

Republican lawmakers are calling on the Small Business Administration to rescind Funding Circle’s Small Business Lending Company license, which the fintech received last month. London-based fintech ...

When digital payments company Stripe announced last week that it would allow customers of other payments processors to use its embedded financial tools, its move was part of a larger industry shift ...