by Ken Chase | Feb 11, 2023 | Banks, News
Banking giant Wells Fargo has reportedly agreed to a $300 million settlement in a class action lawsuit related to the company’s alleged involvement in a collision protection insurance fraud scheme. The settlement was announced by Robbins Geller Rudman & Dowd LLP,...
by Ken Chase | Feb 6, 2023 | Banks, News
JPMorgan Chase is planning to develop a digital bank in Germany that it expects to serve as its hub for consumer services in the European Union, according to sources who confirmed the plans to Bloomberg. Chase, which is the largest bank in the U.S., is apparently...
by Ken Chase | Feb 3, 2023 | Banks, News
Canada’s BMO Financial Group (BMO) announced this week that it has completed its acquisition of San Francisco-based Bank of the West, concluding a process that began more than one year ago. According to a press release confirming the deal’s completion, the acquisition...
by Ken Chase | Jan 26, 2023 | Banks, News
A new alert issued by the Financial Crimes Enforcement Network calls on financial institutions to be on the lookout for any attempts by sanctioned Russian elites to use commercial real estate investments to evade U.S. sanctions. According to the alert, which was...
by Ken Chase | Jan 26, 2023 | Banks, News
With Apple continuing its efforts to expand its operations into consumer banking services, several of the largest U.S. banks have reportedly come together to introduce a new digital wallet customers will be able to use for online shopping. Seven banks are involved in...
by Ken Chase | Jan 26, 2023 | Banks, Financial
Several of the largest banks in the United States are under increasing pressure to eliminate financing for so-called “fossil fuel” projects, according to a new report from Bloomberg. A recent statement from the Interfaith Center on Corporate Responsibility demands...
