TD’s asset cap and the legacy of regulators’ best-laid plans
Regulators’ asset cap on TD Bank for money laundering violations has cemented the enforcement tool as a supreme cudgel to rein in problem banks, while other tools devised in the wake of the Great Financial Crisis gather dust.
As Goldman Sachs exits GM deal, Barclays hopes to benefit
The investment banking giant is selling its General Motors credit card portfolio to Barclays, which is looking to grow and diversify its U.S. cards business. It's part of Goldman's retreat from consumer banking.
Meet the banker running for Senate in Wisconsin
Eric Hovde, CEO of Sunwest Bank and Republican nominee for Senate in Wisconsin, is running a tight race against incumbent Democratic Sen. Tammy Baldwin. In an interview with American Banker, Hovde talked about wanting to deregulate the banking industry and
Fairway agrees to pay nearly $10 million for redlining in Birmingham
The Consumer Financial Protection Bureau and Department of Justice issued a consent order against Wisconsin-based nonbank mortgage originator Fairway Independent Mortgage over redlining allegations. Fairway is the country's fifth-largest mortgage originator by volume.