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Wells Fargo released from one enforcement order, still has 10 to go

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The Office of the Comptroller of the Currency terminated a 2015 consent order that required the bank to improve its controls for combating money laundering.

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U.S. Bancorp buying large custody book from MUFG Union Bank

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U.S. Bancorp says its agreement to buy a portfolio with $320 billion of assets under management will raise its profile on the West Coast. The MUFG unit plans to reinvest proceeds from the sale in other priorities.

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Tax hikes, tough regulators: What Democratic sweep may hold for banks

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Now that Democrats have won control of the Senate following the Georgia runoffs, experts say tax increases, progressive regulators and stricter congressional oversight await. Still, there could be some positives for banks, too.

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More incentives for smaller lenders in next PPP round

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Community banks will have access to allocated funds and at least two days of exclusive portal access when the Small Business Administration relaunches the Paycheck Protection Program.

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Cathy Bessant is itching to bring BofA's tech workers back to office

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Bank of America's chief operations and technology officer says even digital experts benefit from in-person collaboration. She wants her 95,000-person staff to return once it's safe.

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How decentralized finance could reshape banking

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Silvergate and Avanti are among the banks pioneering the incorporation of smart contracts, cryptocurrencies and other cutting-edge instruments into mainstream financial services.

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Inside Amex's data-driven effort to personalize customer service

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American Express has spent years refining a decision-making engine that can tailor products and services to cardholders' needs in real time.

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Senate override of Trump veto clears way for shell-company reform

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Congress's enactment of the defense spending bill opposed by the White House removes the final hurdle for a key anti-money-laundering provision.

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Banks pick apart OCC 'fair access' plan, but customers praise it

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The Office of the Comptroller of the Currency's proposal to ensure banking services are available to polarizing businesses contradicts long-standing guidance on managing reputational risk, big banks argue. But gun makers, energy firms and others say it would correct an injustice.

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BBVA USA shuts down neobank Simple

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The decision to shutter the digital bank comes just weeks after BBVA USA announced it was selling itself to PNC Financial Services Group for $11.6 billion.

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