BankThink

Vaping deaths could slow pot banking momentum

10/17/19

The Senate Banking Committee chairman said he wants to revise legislation enabling banks to serve marijuana businesses to ensure it does not benefit vaping providers that have sparked safety concerns.

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BB&T-SunTrust merger closing could slip into 2020

10/17/19

The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions.

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PayPal’s Synchrony pact gives rise to a Venmo credit card

10/17/19

Venmo’s P2P social payment app has become a major part of PayPal’s retail strategy, a play that’s getting a boost from a Synchrony co-branded credit card.

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Regulators offer CECL guidance to aid industry's adoption

10/17/19

The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency.

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Hensarling joins Milken Institute as senior fellow

10/17/19

The former House Financial Services Committee chairman follows other notable former officials who went to the think tank after government careers.

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Female CFOs brought in $1.8 trillion more than male peers

10/17/19

Within the first 24 months of appointing female CFOs, companies saw, on average, a 6% increase in profits and an 8% better stock return, compared to performance under male predecessors.

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API developer Galileo raises $77M to expand outside North America

10/17/19

The fintech provides API support to Chime, Varo Money and other challenger banks.

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It takes every kind of people to make a good diversity effort

10/17/19

Employee programs need to embrace a wide range of groups including women, minorities and the LGBTQ community.

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CECL delay won’t end opposition; Positive side of BofA’s results

10/17/19

The banking industry will continue its fight against the credit-loss rule; the bank posted gains in consumer, wealth management and commercial lending.

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Why reforming Fannie and Freddie is so hard to do

10/17/19

As the administration gears up to end a decade of government control of Fannie and Freddie, are there any good options?

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