A federal judge on Monday rejected Vanguard Group’s $40 million settlement with investors who claimed the mutual fund giant stuck...
financial institutions News
Capital One has agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out...
Capital One was sued on Wednesday by New York Attorney General Letitia James, who accused the bank of cheating depositors...
A key US regulator has privately found half of the major banks it oversees have an inadequate grasp of a...
The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks for the industry,...
Citigroup has asked its 600 U.S. employees, who are eligible to work remotely, to return to office fulltime, it said...
A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at...
Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S....
Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of specialized financial institutions products, offering $25 million in investment...
A bank uses biased artificial intelligence outputs in a mortgage lending decision. An insurance firm’s AI produces racially homogeneous advertising...