Midweek Roundup: JPMorgan Reconsiders Services for Domestic Banks, Prosecutors Worry about New York’s Role in Settlements, and More

Prosecutors and some bank regulators are concerned that New York State Department of Financial Services (NYSDFS) Superintendent Benjamin Lawsky may complicate a pending deal with Credit Suisse and BNP Paribas, according to The Wall Street Journal. A pending agreement to settle charges of sanctions violations by the two banks could be compromised by how far NYSDFS is willing to go to punish the banks. More JPMorgan Chase & Co. is reconsidering its relationships with domestic banks that use the institution's back-office functions to process trades and clear payments, The Wall Street Journal reported Sunday. The review of so-called domestic correspondent...