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The Latest Breaking News from OCC

House Ethics panel continues scrutiny of Rep. Cory Mills - Roll Call

Allegations referred to the panel by the Office of Congressional Conduct involve campaign finance and government contracts.

Roll Call

Crypto Pumps On News Of Trump's OCC Chief Pick, A Former Bitfury Executive

Crypto prices surged overnight after the White House filed a nomination for Jonathan Gould to lead the OCC, but some crypto users aren't sure the former Bitfury executive's "ties" to BlackRock is good news.

International Business Times

Citigroup CFO Mark Mason tells Goldman Sachs audience why his bank failed to meet regulatory requirements as part of $400 million penalty

The chief financial officer explained how the way Citigroup was founded is contributing to problems complying with regulatory requirements.

Fortune

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You Sure That's How You Take a Motorcycle's Seat Off? Paul Sr's Bike Build-Off Gets Going

The divide between metric and imperial bikes is more than just different tool sets and measurement standards, as you're probably well aware. Still, this video from Paul Sr. and his crew at Orange County Choppers, as they get stuck into working on their build-off bike, makes the differences painfully clear.

RideApart

Google backs new Open Cloud Coalition to lobby across Europe

Google is one of the 10 members that formed the Open Cloud Coalition, and Microsoft thinks that’s suspicious.

TechRadar

Let The Paul Sr Vs Bearded Mechanic Vs Bikes & Beards Build-Off Begin!

Orange County Choppers impresario Paul Sr. invited Bikes and Beards and the Bearded Mechanic to Florida to hash out the terms of their bike build-off challenge.

RideApart

OCC Orders Wells Fargo To Fix Lapses In Money Laundering Controls

U.S. regulator ordered Wells Fargo to tighten its controls on money laundering to prevent propagation of illicit transactions.

International Business Times

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Bikes And Beards Just Got Called Out By Paul Senior, For Some Reason

Orange County Choppers was a big deal in the early 2000s, as much for its drama-filled TV show as its bike builds. And now Paul Sr. is meeting the Internet.

RideApart

UTMB 2024: We're live at the starting line and history has already been made

50 km results are in and the 100 km race is underway as we wait for the 100-mile finale

Advnture

Still No 1? How the music charts lost their lustre

The Top 40 used to bring the UK together. But since the streaming revolution, what we listen to has become increasingly hard to tally

The Guardian - UK

US Regulator Finds Weak Risk Management At 11 Banks

The OCC found that 11 of the 22 large banks under its supervision have "insufficient" or "weak" operational risk management.

International Business Times

Citigroup Fined $136M Over Long-Standing Internal Control, Risk Managment Issues

The fines were levied by the Federal Reserve and the Office of the Comptroller of the Currency (OCC).

International Business Times

Sri Lanka Seals Partial Debt Deal After Financial Crash

Cash-strapped Sri Lanka said Wednesday it had clinched a restructuring deal with a majority of bilateral lenders covering up to $5.8 billion in debt, a key step towards recovery after a 2022 financial crash.

International Business Times

US Bank Regulator Enhances Merger Review Transparency, Ends Automatic Approvals

The US bank regulator aims to enhance transparency in merger reviews and eliminate automatic approvals, in a move to promote fairness and accountability in...

Top News

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Kiplinger

Bank of America Fined $12M for Reporting False Mortgage Data

Bank of America fined over routinely filing false mortgage lending data to the government, the CFPB says.

Chicago Sun-Times

Bridgeport bank failure fallout: Dead CEO’s sister pleads guilty in collapse of Washington Federal Bank for Savings

Over seven years, Janice Weston, vice president of the board of the clout-heavy bank, ordered bank employees to fool federal regulators by backdating loan documents.

Kiplinger

Bank of America Fined Over Junk Fees, Fake Accounts. Customers Get $100M Payout

Bank of America was ordered to pay more than $100 million to customers for 'double-dipping' junk fees and denying rewards bonuses.

WEKU

Bank of America to pay $250 million for illegal fees, fake accounts

An investigation found that Bank of America raked in tens of millions of dollars in resubmitted insufficient funds fees. The bank also illegally opened credit cards without customers knowledge.

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news in one place.

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Bangkok Post

Raimon Land set to launch 3 new luxury projects in Q4

SET-listed developer Raimon Land Plc is confident about high-end residential demand, with plans to launch three new luxury projects worth 18 billion baht in Phuket and Bangkok in the fourth quarter.

Fortune

JPMorgan Chase’s fintech buying spree

JPMorgan Chase has bought or invested in more than 80 companies in two years.

Fortune

Two years ago JP Morgan CEO Jamie Dimon warned about the threat from fintechs

Competition from fintechs and big tech spurred JPMorgan Chase to go on a buying binge, and take advantage when prices were depressed.

Fortune

Frank’s Charlie Javice vs. JPMorgan: Why the case could hinge on “synthetic data"

While JPMorgan Chase is alleging fraud, the young fintech founder says she was just trying to protect customer privacy.

Evening Standard

Ed Sheeran, Taylor Swift and Drake become the UK’s biggest streaming artists of 2022

Harry Styles’ As It Was was the biggest hit of 2022 in a record breaking year for streaming

Los Angeles Times

Michael Hiltzik: How Trump's frenzy of deregulation killed Silicon Valley Bank

Late in 2018, two Trump-appointed banking regulators, Federal Reserve Vice Chair Randal Quarles and FDIC Chair Jelena McWilliams, went on a nationwide tour to meet with regional bank examiners.

Fortune

Crypto bank Protego didn't meet all requirements for national trust charter, OCC says

The rejection is another blow to the volatile industry’s banking options.

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