Finance

Georges Chodron de Courcel’s resignation after more than 40 years at BNPParibas SA won’t soften U.S. demands for a guilty plea and a $10 billion penalty from the French bank for sanctions violations, according to a person familiar with the matter.

Many of the complex and costly regulations implemented under the Dodd-Frank Act are unnecessary and burdensome for community banks, writes the chief executive of the Community Bankers Association of Georgia. A two-tiered regulation system is the clear solution.

Loan demand seems to be returning, but not fast enough for many bankers and their investors. Bankers discuss the various things holding back a return to blow-out quarters of loan growth.

Despite conventional wisdom that community banks are doomed because of rising costs, the outlook is surprisingly good. So why all the closures in recent years? Spoiler alert: Many have failed to keep up with bigger banks in terms of technology.

Apple's announcement that it will make its Touch ID technology available to app developers is good news for bankers who see biometrics as the key to authenticating mobile banking users. But some security experts question whether fingerprint scans are actually more secure than passwords.

The new breed of branch employee can do it all. Have tellers finally reach the end of the line?

The dollar fell as revised data showed the U.S. economy shrank for the first time in three years, increasing the case for the Federal Reserve to maintain record-low borrowing costs to stimulate growth.

Martin Lack, the fourth ex-UBS AG banker to plead guilty to aiding wealthy Americans in evading taxes, avoided prison for a 17-year scheme in which he helped U.S. clients maintain secret overseas accounts.

Thirteen Swiss banks face rising stakes in their own criminal probes after Credit Suisse Group set a new standard for punishment in the U.S. crackdown on offshore tax evasion.

Credit Suisse Group AG sold $5 billion of bonds, the first benchmark offering since its bank unit pleaded guilty to helping Americans cheat on their taxes.

Banks have tried to change tellers' skill sets without changing the type of people they hire. They need to recruit sales-minded employees — and incentivize them with better pay and clearer career paths.

The Justice Department likely hopes that Credit Suisse's guilty plea to a criminal charge will squash the idea that some large institutions are too important to the economy to prosecute. But experts say the issue is more complicated than that, arguing that the debate will live on. Here's why.

Credit Suisse agreed to pay $2.6 billion in penalties and pleaded guilty to helping Americans cheat on their taxes, making it the first global bank in a decade to admit to a crime in a U.S. courtroom.

Credit Suisse Group AG is close to reaching an agreement to plead guilty and pay about $2.5 billion to the U.S. Justice Department and regulators to resolve investigations into whether it helped Americans evade taxes, three people familiar with the matter said.

Credit Suisse Group's top officials told investors that Switzerland's second-biggest bank is pushing to resolve the U.S. probe into whether it helped American clients evade taxes.

Higher regulatory and compliance costs may push more small banks to sell themselves or merge with larger institutions. But so far, community bank consolidation rates are following historical patterns.

The IRS said it would regard 2014 and 2015 as a transition period for purposes of IRS enforcement and administration of FATCA for banks that have made a good-faith effort to comply.

Bankers provide customers with a huge range of services free of charge. If banks want to compensate for the rising cost of those services, that's got to change, says one bank consultant.

UBS AG, Switzerland’s largest bank, said it plans a special payout for investors on top of higher dividends after it reaches capital targets this year. The shares rose.

Credit Suisse Group may be close to resolving a U.S. tax-evasion probe with an agreement that might include a penalty of more than $1 billion, after creating a separate entity last year to house the businesses involved.