FIFA President Gianni Infantino gestures as he walks on the stage before the start of the 69th FIFA congress in Paris, June 5, 2019. (AP Photo/Alessandra Tarantino)
FIFA President Gianni Infantino gestures as he walks on the stage before the start of the 69th FIFA congress in Paris, June 5, 2019. (AP Photo/Alessandra Tarantino)Julius Baer reached a deal with the U.S. Department of Justice on Monday, following months of investigations into the private Swiss bank’s involvement in a money laundering and corruption scandal with FIFA, the world soccer governing body.

In this Aug. 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. (AP Photo/Richard Drew, File)
In this Aug. 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. (AP Photo/Richard Drew, File)JPMorgan Chase has opened north of 120 branches this year and will continue to plow ahead with expansion while many smaller rivals opt to shutter brick-and-mortar locations amid a pandemic-accelerated shift to digital banking, an executive said.

Goldman Sachs Chairman and CEO David Solomon testifies before the House Financial Services Committee during a hearing in Washington, D.C. (AP Photo/Patrick Semansky, File)
Goldman Sachs Chairman and CEO David Solomon testifies before the House Financial Services Committee during a hearing in Washington, D.C. (AP Photo/Patrick Semansky, File)AccessFintech, a startup that specializes in supply chain management for financial firms and is backed by several major banks, said Monday that it is teaming up with investor Goldman Sachs to offer a service meant to make the cash settlement of derivatives more convenient.

Brian Moynihan, chairman and CEO of Bank of America, takes part in a panel discussion at the World Economic Forum in Davos, Switzerland, Jan. 21, 2020. (AP Photo/Michael Probst)
Brian Moynihan, chairman and CEO of Bank of America, takes part in a panel discussion at the World Economic Forum in Davos, Switzerland, Jan. 21, 2020. (AP Photo/Michael Probst)The success or failure of meeting the United Nations’ Sustainable Development Goals will ultimately fall on the financial industry, though the increasingly mainstream nature of sustainable investing has pushed the industry in the right direction, Bank of America CEO Brian Moynihan said Monday.

A Société Générale sign in Nice, southeastern France, Sept. 14, 2011. (AP Photo/Lionel Cironneau)
A Société Générale sign in Nice, southeastern France, Sept. 14, 2011. (AP Photo/Lionel Cironneau)French investment bank Société Générale said Monday that it was embarking on “several organizational adjustment projects” that are expected to lead to the elimination of 640 positions, the latest step in its cost-reducing plan for the next two years.

People walk outside a branch of Crédit Agricole Bank, in Nice, southeastern France, Sept. 14, 2011. (AP Photo/Lionel Cironneau )
People walk outside a branch of Crédit Agricole Bank, in Nice, southeastern France, Sept. 14, 2011. (AP Photo/Lionel Cironneau )Crédit Agricole’s corporate and investment bank and its wealth management unit are joining forces to create a new private investment banking division to target the ultra wealthy, France’s second-biggest bank said Monday.

Children are learning more about money during the pandemic without actually having cash in hand. (AP Photo/Kelvin Chan)
Children are learning more about money during the pandemic without actually having cash in hand. (AP Photo/Kelvin Chan)Fintech Strive formally launched in the U.K. on Friday as a"challenger bank" with plans to appeal to famlies by offering products geared at children, including special debit cards and savings accounts.

The Oslo Opera House in Oslo, Norway, the city where Norges Bank is headquartered. (Photo by Oliver Cole on Unsplash)
The Oslo Opera House in Oslo, Norway, the city where Norges Bank is headquartered. (Photo by Oliver Cole on Unsplash)A Norwegian central bank official raised alarm over the possibility of central bank digital currencies spurring possible instability in the financial system, joining a chorus of global officials urging caution on moving forward with digital currency proposals.

The United States flag hangs on the Federal Reserve Bank of New York, Tuesday, Aug. 4, 2020. (AP Photo/Mark Lennihan)
The United States flag hangs on the Federal Reserve Bank of New York, Tuesday, Aug. 4, 2020. (AP Photo/Mark Lennihan)The U.S. Federal Reserve said Friday it may remove certain foreign banks from its list of systemically important financial institutions as part of ongoing efforts to streamline post-2008 reforms and ease some regulatory burdens.

The skyline of Birmingham, Alabama, where Regions Financial is based. (Photo by Zach Searcy on Unsplash)
The skyline of Birmingham, Alabama, where Regions Financial is based. (Photo by Zach Searcy on Unsplash)Regions Financial is being investigated by a U.S. consumer protection watchdog, which is looking into policies that allowed the lender to take in hundreds of millions of dollars in overdraft and non-sufficient funds fees last year.

Two horse-pulled chariot sculptures are seen on top of the BBVA bank in Madrid. (AP Photo/Paul White)
Two horse-pulled chariot sculptures are seen on top of the BBVA bank in Madrid. (AP Photo/Paul White)BBVA’s Turkish unit is rolling out several new mobile banking features including a gold investment function, the nation's second-largest private bank said on Friday, as customers seek to protect their savings from rising inflation.

The Federal Reserve building in Washington, D.C. (AP Photo/Patrick Semansky, File)
The Federal Reserve building in Washington, D.C. (AP Photo/Patrick Semansky, File)Lenders can use any reference rate they wish to replace LIBOR as long as they provide a “robust fallback rate” in case the original is discontinued, U.S. regulators said on Friday, in a win for smaller banks that had pushed back against a mandated replacement.

A man walks past ICICI Bank in Mumbai, India, Jan. 31, 2012. (AP Photo/Rafiq Maqbool)
A man walks past ICICI Bank in Mumbai, India, Jan. 31, 2012. (AP Photo/Rafiq Maqbool)ICICI Bank is looking to attract India’s huge millennial population with a set of offerings that leans toward simplicity and digital-first banking and loan products, as well as a physical location targeted at the age bracket.

Pedestrians pass a branch of the Bank of America in New York. (AP Photo/Mark Lennihan)
Pedestrians pass a branch of the Bank of America in New York. (AP Photo/Mark Lennihan)The Consumer Financial Protection Bureau said Friday it had granted a no-action letter to Bank of America to enable the bank to roll out its short-term, small-dollar loan program unveiled last month.

Deutsche Bank has hired nearly 30 people away from Standard Chartered in recent months in a bid to bolster its wealth management unit in China, a spokesperson for the German bank said on Friday, making it one of several firms to focus more on the space as China opens up its financial sector.

In this file photo a man walks by Standard Chartered bank in London. (AP Photo/Sang Tan, File)
In this file photo a man walks by Standard Chartered bank in London. (AP Photo/Sang Tan, File)Standard Chartered will soon provide employees in several markets with greater flexibility in working patterns and locations, the U.K.-based bank said Friday, implementing lessons learned during the coronavirus pandemic to create a hybrid workforce of remote and office-based employees.

The Golden Gate Bridge and San Francisco skyline from the Marin Headlands above Sausalito, Calif. (AP Photo/Eric Risberg, File)
The Golden Gate Bridge and San Francisco skyline from the Marin Headlands above Sausalito, Calif. (AP Photo/Eric Risberg, File)SoFi co-founder and former CEO Mike Cagney, ousted from the fintech over a sexual harassment scandal, has applied for a national bank charter for his own blockchain lending startup.

In this March 16, 2017, file photo, a customer enters a Citibank branch, in New York.(AP Photo/Mark Lennihan, File)
In this March 16, 2017, file photo, a customer enters a Citibank branch, in New York.(AP Photo/Mark Lennihan, File)Citigroup Treasurer Michael Verdeschi said on Friday that he doesn't think the U.S. Federal Reserve is ready to “seriously consider” negative rates as an option to further help the economy bounce back from the fallout it is experiencing due to the ongoing global pandemic.

A logo for Swiss investment bank UBS in Zurich, Switzerland. (Photo by Claudio Schwarz on Unsplash)
A logo for Swiss investment bank UBS in Zurich, Switzerland. (Photo by Claudio Schwarz on Unsplash)Wealthy Chinese businessman Guo Wengui is suing Swiss investment bank UBS in London in an attempt to reclaim $500 million he lost after the bank called in a margin loan in 2015, Bloomberg reported Friday.

In this file photo, a screen at a trading post on the floor of the New York Stock Exchange is juxtaposed with the Goldman Sachs booth. (AP Photo/Richard Drew, File)
In this file photo, a screen at a trading post on the floor of the New York Stock Exchange is juxtaposed with the Goldman Sachs booth. (AP Photo/Richard Drew, File)Goldman Sachs plans to move up to $60 billion in assets from the U.K. to its German subsidiary by 2021 as global banks scramble to anchor themselves to a new European financial hub ahead of Brexit, Bloomberg reported.