The Latest Breaking News on Financial Services

Former Bank Insider Pleads Guilty: $4.8M Laundered, $8K in Bribes, 50 Years on the Table

A former TD Bank employee in Florida pleaded guilty to laundering $4.8M to Colombia via bribes. He faces up to 50 years.

Latin Times · 4h ago

Banks could join forces to save regional branches

A plan to pool banking resources in multi-bank hubs rather than individual branches could shore up regional services if the regulator rubber-stamps the idea.

AAP · 4h ago

China Closed Hundreds Of Banks In A Sweeping Cleanup. Rural Lenders Remain The Weakest Link.

Rural banks are carrying higher bad-loan ratios and weaker profitability than the broader banking sector as China restructures smaller lenders.

International Business Times · Oct 6

Separate your gay job from day job: Former JPMorgan worker files lawsuit against boss's disparaging remarks

Brian Larson, a former senior associate in JPMorgan's rotational Chase Associate Program, has filed a discrimination lawsuit in Manhattan federal court and complained that his boss, Peter Bergman, repeatedly made disparaging comments about his sexual orientation and eventually forced him to resign. The Independent reported that this happened in 2022…

The Times of India · Sep 30

UK banks are Europe’s biggest coal financiers, report finds

Study says UK-based banks provided $8.3bn in coal financing in four years, with Barclays and HSBC leading rise

The Guardian - UK · Sep 30

Mehul Choksi drops damages claim against government, Hungarian woman in London HC

TOI Correspondent from London: Diamond businessman Mehul Choksi has dropped a multi-million-pound London high court damages claim he was bringing against the Indian govt and a Hungarian woman named Barbara Jarabik, living in the UK, for allegedly kidnapping him in Antigua in a honeytrap plot on May 23, 2021.

The Times of India · Sep 29

Cornell Gang Rape Accused Diego Sarabia Fired by Wells Fargo as Prosecutors Reopen Investigation Into Alleged Attack

A Wells Fargo employee reportedly left his Charlotte job as prosecutors reconsider allegations that a former Cornell student was drugged and raped by fraternity members in 2024.

International Business Times UK · Sep 29

Barclays softens return-to-office plans for UK staff after backlash

Bank allows employees to delay being in workplace at least three days a week until 2027, if permission granted

The Guardian - UK · Sep 29

Wells Fargo fires one of the ‘Cornell 7’ frat bros accused of drugging and gang raping fellow student: report

The former Chi Phi member had worked for the bank since 2022, according to a report

The Independent UK · Sep 29

Gay Ex-JPMorgan Employee Claims Boss Said 'DEI Is Not Going To Save You' Before Being Forced To Resign

Brian Larson alleges a JPMorgan supervisor made anti-gay comments and retaliated against him over his Pride group work. The bank disputes the claims and says performance issues were documented.

International Business Times UK · Sep 29