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  • The Dallas skyline
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    Pgiam via Getty Images
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    A Dallas stock exchange? Would-be NYSE competitor raises $120M

    TXSE will be fully electronic and plans to submit a registration with the SEC this year. BlackRock and Citadel Securities are among its more than two dozen investors.

  • sofi office
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    Permission granted by SoFi
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    SoFi hires JPMorgan, Citi alum as general counsel

    Stephen Simcock, recent general counsel for consumer banking at JPMorgan, replaces Rob Lavet, who is retiring.

  • The Justice Department building on a foggy morning in Washington, DC.
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    Samuel Corum/Getty Images via Getty Images
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    Judge denies Frank execs’ motions to dismiss fraud charges

    Charlie Javice and Olivier Amar sought to have the charges against them dismissed due to their indictments’ “lack of specificity.” They were unsuccessful.

  • TD Bank at One Vanderbilt
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    Permission granted by TD Bank
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    Florida TD employee accused of taking bribes in new AML case

    The employee, who has since been fired, allegedly took $200 bribes from a Colombian national and allowed the transfer of millions of dollars from the U.S. to Colombia, court documents show.

  • JP Morgan Chase Props Up Ailing Bear Stearns
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    Michael Nagle / Stringer via Getty Images
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    Top JPMorgan payments executive exits

    Takis Georgakopoulos, a 17-year veteran at the bank, will be replaced by Umar Farooq and Max Neukirchen, who were promoted to co-head roles.

  • two people shaking hands
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    Getty Images/Staff via Getty Images
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    Michigan’s ELGA Credit Union to acquire Florida bank

    With the move, ELGA isn't even the only credit union in Grand Blanc (population 7,800) to buy a bank based in the Sunshine State.

  • The exterior of a Citizens Bank is pictured.
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    Kate Tornone/Scshlj
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    Citizens CEO: ‘You have to walk before you can run’ with AI

    Banks need to focus on big use cases to get the most out of AI, Citizens CEO Bruce Van Saun said. “If you have a ‘thousand flowers bloom’ strategy, you’ll start spinning your wheels," he said.

  • An exterior shot of a Fifth Third Bank location is shown
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    Courtesy of Fifth Third
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    Fifth Third CEO eyes systemically important label for nonbanks

    Regulatory reforms are effectively pushing some activity outside the banking system, making it less transparent and harder for banks to compete, said Tim Spence, the regional bank's CEO.

  • A Banco Santander's logo is seen at a bank's branch before a news conference to announce the 2019 results on January 29, 2020 in Boadilla del Monte, in Madrid, Spain.
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    Pablo Blazquez Dominguez via Getty Images
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    Hackers threaten to sell Santander customer details for $2M: report

    The collective ShinyHunters, which claimed to be behind the Ticketmaster breach reported last week, said it stole information related to 30 million Santander customers in an ad seen by the Financial Times.

  • Bank of America's logo on a building façade
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    Mario Tama / Staff via Getty Images
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    Bank of America tweaks its restriction on firearms, energy lending

    New language indicates lending decisions go to senior risk officials for case-by-case evaluation, rather than being a non-negotiable “no.”

  • The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City.
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    Michael M. Santiago / Staff via Getty Images
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    Goldman considering bonuses for private bank referrals: report

    Executives are considering relying on a formula to calculate bonus pay for investment bankers who refer clients to Goldman's private bank, sources told the Financial Times.

  • Bill Rogers, wearing a blue suit jacket, speaks during a Congressional hearing, with a screen behind him
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    Alex Wong / Staff via Getty Images
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    Truist CEO on cost cuts: We needed ‘a shock to the system’

    Bill Rogers detailed the "discipline," "intensity" and fresh mindset the bank has adopted eight months after launching an effort to "reorient" itself.

  • Landscape shot with trees in the foreground and a downtown skyline in the background
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    graphiknation via Getty Images
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    Georgia credit union to buy Affinity Bank

    The acquisition is the 11th whole-bank purchase by a credit union this year, tying 2023's level of activity — with seven months remaining in 2024.

  • Supreme Court
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    Chip Somodevilla via Getty Images
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    Supreme Court remands BofA escrow dispute to appeals court

    The nation’s highest court said the lower court "did not conduct the kind of nuanced comparative analysis" required by federal law and a previous Supreme Court ruling.

  • The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City.
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    Michael M. Santiago / Staff via Getty Images
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    Goldman alum Esposito lands at Citadel Securities

    The 28-year Goldman vet will take on a new role as president at the market maker. He'll join in September and be responsible for growing client and partner relationships.

  • Senator Ron Johnson speaking behind a dais.
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    Samuel Corum via Getty Images
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    Zelle faces Senate probe on fraud

    “The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.

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    Daniel Berehulak via Getty Images
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    UBS wealth-management split gives CEO race two front-runners

    Iqbal Khan and Rob Karofsky will co-lead the global wealth unit in a shake-up that also will see Credit Suisse's last CEO leave the bank.

  • bank of america flag waving in Charlotte
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    Davis Turner/Stringer via Getty Images
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    Merrill Lynch to pay $20M to settle racial discrimination case

    Four ex-Merrill advisers and more than 1,000 class-action participants allege Merrill has not afforded Black advisers the same opportunities as their White counterparts. Merrill denies these claims.

  • a skyline view of cleveland, ohio with many buildings and a shoreline of a lake
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    The image by Lisa Chamberlain is licensed under CC BY-SA 2.0
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    Goldman alum Beth Hammack named Cleveland Fed’s next president

    Hammack, once considered a CFO contender at Goldman, left the bank in February after 30 years. She replaces Loretta Mester, whose term ends June 30.

  • JPMorgan Chase CEO Jamie Dimon
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    Win McNamee / Staff via Getty Images
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    Dimon: ‘No magic formula’ on CEO, chairman moves

    The JPMorgan CEO largely pinned his future timeline on the board Wednesday during a conference appearance, while Wells Fargo CEO Charlie Scharf detailed his investment-banking growth strategy.

  • Dollar bills and finance and banking on digital stock market financial exchange
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    SARINYAPINNGAM via Getty Images
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    Fintech Copper burned by Synapse collapse

    The teen-focused fintech had to shut down its bank deposit accounts and debit cards mid-month — an earlier wind-down than expected due to turmoil experienced by its middleware provider, Synapse.

  • wichita along arkansas river
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    The image by Wichita Regional Chamber of Commerce is licensed under CC BY 2.0
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    Ex-Heartland Tri-State CEO pleads guilty to embezzling $47M in crypto

    Shan Hanes also stole money from his church and a local investment club, according to court documents. Both have since disbanded. He faces 30 years in prison.

  • N26 app
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    N26
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    N26 readies for a post-cap future

    Germany's financial regulator will drop its limit on the fintech's growth June 1. N26's CEO said the cap has cost billions in lost valuation. But its compliance systems can handle an increased load.

  • FTX signage is shown with a phone in the foreground
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    Leon Neal / Staff via Getty Images
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    Former FTX exec Ryan Salame sentenced to 7½ years

    He originally faced up to 10 years in prison, following guilty pleas to two counts in September. Prosecutors, however, suggested he serve five to seven years.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Scshlj
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    FDIC failed to timely report misconduct allegations, IG says

    The White House could tap a nominee to lead the agency this week — and reportedly has a front-runner. Meanwhile, outgoing agency Chair Martin Gruenberg is set to testify on Capitol Hill again June 12.