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The bank’s $3 billion fine was accompanied by penalties totaling $21 million for three former executives for their roles in the scandal that ran for 15 years
Combination will create a $3.1 trillion wealth management business when it completes later this year
Acquisition of top-20 issuer to provide Ally Financial with “instant capability and scale” in the credit card space
Ericson State Bank has been taken over by Farmers and Merchants Bank after a regulatory investigation uncovered a series of lending violations
Authorities and the bank are investigating after staff illegally accessed personal information, with Fifth Third preparing to reimburse customers if needed
Use of smartphone-based point-of-sale payment methods increased by more than a third in 12 months, and will hit $2 trillion in three years’ time
It’s time for banks to stop working against what customers are telling them and start solving the right problems in the right ways
A third of Americans named cash as their favourite means of payment
Shake-up is an attempt to improve its image following a string of scandals
They’re willing to take the chance for the opportunity to net a big score
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