Wells Fargo ordered to reinstate, pay California whistleblower
The branch manager was terminated after she reported conduct by at least three private bankers working under her that she believed to be bank, wire and mail fraud. American Banker: Feed
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People’s United to buy national equipment finance business
Leaf Commercial Capital originates about $ 500 million in loans annually tied to equipment and software purchases. American Banker: Feed
Ad Roundup: Tools to connect brands, consumers
In today’s advertising roundup, a trio of releases that should give brands more insight into their customer bases. BizReport
BNY hires Scharf as CEO; OCC-CFPB tiff escalates
Former Visa CEO replaces Gerald Hassell; Acting Comptroller Noreika asks Cordray to delay rule that makes it easier for consumers to sue banks. American Banker: Feed
IBM upgrades mainframe to encrypt data at high speeds
System can run more than 12 billion encrypted transactions per day and can automatically keep applications, cloud services and databases hashed. American Banker: Feed
Consumers reveal what they think about the Amazon-Whole Foods acquisition
What do consumers think about the recent Amazon-Whole Foods acquisition? ChargeItSpot decided to ask… BizReport
If CFPB head won’t serve full term, he should resign: Hensarling
House Financial Services Committee Chairman Jeb Hensarling continued the drumbeat of Republican attacks on Consumer Financial Protection Bureau Director Richard Cordray. American Banker: Feed
Tezos raises $232 million for new cryptocurrency project
A new blockchain network that promises to compete with Ethereum is taking the token sale trend to the next level. American Banker: Feed
What FDIC nominee’s withdrawal means for agency’s future
The unexpected withdrawal of the administration’s pick to lead the Federal Deposit Insurance Corp. triggered new uncertainty. American Banker: Feed
Many get stung by Maryland banking company’s bankruptcy plan
The Treasury Department will take a huge hit when Cecil Bancorp sells it bank, while 1st Mariner Bank in Baltimore will see its equity stake completely wiped out. Cecil opted for bankruptcy court when it was unable to resolve an impasse over its trust-preferred stock. American Banker: Feed