Credit Suisse, which is the second-largest bank in Switzerland, said that its net loan exposure to Russia at the end of 2021 was at CHF 848m ($914m). Additionally, the lender highlighted that its Russian exposure “is not significant.” The bank’s annual report published on ...Read More

The Consumer Financial Protection Bureau on Wednesday signaled a broad crackdown on hidden and excessive fees charged by banks, mortgage lenders and other financial entities. The federal agency, created in the wake of the 2008 financial crisis, is seeking consumers’ input on so-called junk ...Read More

Theodore John Conrad showed up for work as a bank teller in Cleveland. At the end of his shift, the then 20-year-old stole $215,000, stuffed it into a paper bag — and vanished, authorities said. That was in July 1969, and he stole the ...Read More

LAS VEGAS (Reuters) – A top U.S. bank regulator said U.S. officials are looking to provide a clearer path for banks and their clients that are looking to hold cryptocurrencies, in order to keep control over the fast-developing asset. Jelena McWilliams, who chairs the ...Read More

Wells Fargo & Co (WFC.N) beat Wall Street profit expectations on Wednesday as it reduced bad loan provisions and reined-in costs, signaling the bank may finally be emerging from a sales practices scandal that has dogged it for nearly five years. Profits at the country’s fourth-largest ...Read More

The Consumer Financial Protection Bureau (CFPB) is a relatively new regulatory agency that was created in the wake of the financial crisis. This was the brainchild of Senator Elizabeth Warren. She felt that the banks, credit card companies, mortgage brokers and other financial institutions ...Read More