Banks

Banks

Wall Street to Pay $1.8 Billion in Fines Over Traders’ Use of Banned Messaging Apps

Eleven of the world’s largest banks and brokerages will collectively pay $1.8 billion in fines to resolve regulatory investigations over their employees’ use of messaging applications that broke record-keeping rules, regulators said Tuesday. The firms include brokerage units of Bank of America Corp., Barclays PLC,  Citigroup, Credit ...Read More

The Consumer Financial Protection Bureau Is A Regulator On A Mission To Hold Wall Street And Banks Accountable—And They’re Aggressively Hiring

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