Banking

Identity Theft--By Bank Insiders

It’s the dirty secret in banking. Bank employees often steal personal account information from bank customers so as to rob money from bank accounts or commit fraud via identity theft, and few banks seem immune.

Regulators Near Pacts to Settle U.S. Rate Probes

U.S. regulators are nearing settlements with multiple banks and broker ICAP PLC for allegedly manipulating a financial benchmark used to calculate a wide range of interest-rate products, according to people familiar with the matter.