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New U.S. sanctions on Russia target banks, high-tech imports

The United States and Western allies stepped up economic sanctions on Russia, limiting Russia’s ability to use international currency while freezing roughly $1 trillion in assets held by Russian banks and also halting U.S. exports to Russia of products used for high-tech industries.... Read more»

U.S. House advances marijuana banking bill, though final passage uncertain

Cannabis dispensaries throughout the country came one step closer to using banks the way many other businesses can when the U.S. House on Friday cleared a bill with sweeping changes to banking regulations.... Read more»

Bilingual platform offers financial resources in Spanish

A new digital platform, Crediverso, is offering financial services like credit checks and credit reports in Spanish to help low-income Hispanic families, 30 percent of which don't have access to banking services. ... Read more»

Plataforma bilingüe ofrece recursos financieros

Una nueva plataforma digital, Creditverso, está ofreciendo servicios financieros en español para familias hispanas de bajos ingresos, 30 por ciento de las cuales no tienen servicos bancarios. ... Read more»

The Clinton-Sanders bailout brawl

This time it’s Bernie Sanders’ turn to cherry-pick the facts about the auto bailout of 2008 and 2009 — which has become a point of contention between Sanders and Hillary Clinton in the final days before the Michigan presidential primary.... Read more»1

New ‘Chip-and-PIN’ credit cards to change way consumers pay, businesses operate

By 2016, the estimated 167 million U.S. residents who have a credit card will receive new “EMV” or “chip-and-PIN” cards, which include embedded microchips, in the mail to beef up security.... Read more»

Some banks pulling back from doing business on border

In late September, U.S. Sen. McCain wrote letters accusing Bank of America, Wells Fargo, Chase and Citigroup of scaling back services and closing branches in communities along the U.S.-Mexico border. ... Read more»3

Analysis

Risky business? Understanding the biz of gov't bonds

Three law firms dominate the legal work that goes into issuing state and local government debt in Arizona.... Read more»

Analysis

Why a federal judge trashed SEC’s deal with Citigroup

When the Securities and Exchange Commission struck a deal with Citigroup over a failed security that the bank sold to investors, we asked whether regulators had handed Citigroup too sweet a deal.... Read more»

Firms not picky in hiring foreclosure experts

For years, banks and other companies handling foreclosures have turned to cheap labor to process the growing volume of foreclosures.... Read more»

Banking scandal: 'Why haven't we seen any convictions yet?'

There is growing evidence that fraud was at the heart of the current financial crisis. But so far, no high-level bank executives have been hauled off to jail. ... Read more»

Bank bailout

FDIC chief got Bank of America loans while working on its rescue

Sheila Bair, one of the chief regulators overseeing Bank of America’s federal rescue, took out two mortgages worth more than $1 million from the banking giant last summer during ongoing negotiations about the bank’s bailout and its repayment.... Read more»