trending Market Intelligence /marketintelligence/en/news-insights/trending/QYA9p96xIuklB8lBtzqpVA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

FDIC fines The Bancorp unit $7.5M for Bank Secrecy Act-related violations

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks


FDIC fines The Bancorp unit $7.5M for Bank Secrecy Act-related violations

The Federal Deposit Insurance Corp. issued an order to pay a $7.5 million civil money penalty against The Bancorp Inc.'s bank unit, Bancorp Bank, for Bank Secrecy Act-related violations.

The bank paid the penalty without admitting or denying any violations of law, regulation or the provisions of the 2014 Consent Order.

On Dec. 19, the FDIC issued an order of termination, after the bank met all requirements needed by the regulator including remedying any incorrectly charged fees due to an internal programming system glitch at one of the bank's third-party payment processors.

The company expects to recognize a related expense of $7.5 million in the fourth quarter.