U.S. launched criminal probes of bank, payment processors, Reuters reports
Federal prosecutors have opened criminal probes against a bank, four payments processors, and some officials, according to Reuters, which cited documents released by a House committee. The Justice Department was also probing at least ten banks and payment processors for civil fraud as of last November, the documents show, according to the news service. Publicly traded banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Payemnt processors include Vantiv (VNTV,) Heartland Payment (HPY), Global Payments (GPN), and eBay's (EBAY) PayPal.