Reported by PYMTS Nordea Bank Abp has reached a settlement with the New York State Department of Financial Services (DFS) after the regulator determined that the bank had compliance failures and failed to conduct proper due diligence of its correspondent bank partners.  The bank entered into a consent order with DFS and agreed to pay $35 million in penalties, the DFS […]

Reported by Dana George Imagine you’re looking for a job, which hasn’t been easy. Rent is coming due, and you really need to pad your checking account to cover it. Your cousin owns a small business, and although you’ve never entirely understood what his company does, you know he’s pretty successful. You’re relieved when he hires you […]