Banking and Lending

Finastra Acquires Malauzai

Finastra Acquires Malauzai

The third largest fintech company in the world has purchased a provider of mobile and internet banking solutions for community banks and credit unions.

States Reach Settlement with Citibank for Manipulating LIBOR

Under a multistate settlement agreement, Citibank N.A. will pay $95 million in restitution to government and nonprofit entities for its manipulation of a benchmark interest rate in the lead up to and early days of the 2008 financial crisis.

Wells Fargo Settles Retail Sales Lawsuit For $142M

Wells Fargo Settles Retail Sales Lawsuit For $142M

Wells Fargo & Co. said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phony bank accounts.

JPMorgan Sued over Mexican Property Transfer

A Mexican real estate developer has filed a $1.2 billion lawsuit accusing JPMorgan Chase & Co. of fraudulently inducing it to transfer properties based on a false promise it would sell them.

Freddie Mac Weekly Mortgage Rates

Freddie Mac Weekly Mortgage Rates

After declining for two straight weeks, mortgage rates reversed direction this week and rose to their second highest level this year.

Saving Paper with Paper

Saving Paper with Paper

With all of the expenses banks and credit union rack up just to cover the cost of doing business, it’s hard to consider paper as a huge driver.