BankThink

Coronavirus, U.S. Bank's opportunism, CFPB sues Fifth Third: Top stories of the week

03/13/20

From scams to watch out for to the role banks play in an SBA virus loan program, news about the pandemic's impact was everywhere. Also: As State Farm bows out, U.S. Bank seizes an expansion opportunity; CFPB sues Fifth Third for allegedly opening phony accounts; and more from this week's most-read stories.

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Bank M&A was already slowing down. Then the pandemic hit.

03/13/20

Coronavirus concerns, along with the Fed's emergency rate cut and an erratic stock market, have forced most bankers to take pause and reassess potential deals.

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HSBC sounded out ex-Citi banker Forese for CEO position

03/13/20

HSBC sounded out former Citigroup banker James Forese to gauge his interest in the chief executive officer's post, at least the third high-profile outside financier to be approached.

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FDIC approves application for proposed Ohio de novo

03/13/20

Organizers of Riverside Bank of Dublin will need to raise $18 million before opening.

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Banks urgently pitch investors on lending to needy companies

03/13/20

Investment bankers have are trying to drum up interest from investment firms and hedge funds to provide tens of billions of dollars in financing to companies in industries upended by the coronavirus.

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Moven teams up with Saudi firm in cross-border fintech experiment

03/13/20

The U.S. challenger bank and the startup STC Pay aim to create a special blend of banking services for millions of tech-savvy, cash-averse consumers in Saudi Arabia.

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Massachusetts mutual taps insider as its next chief

03/13/20

Jonathan Dowst will become president in July and CEO a year later.

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Virus is Dodd-Frank's first real test

03/13/20

If banks are unable to weather the economic fallout from the outbreak, calls for more dramatic reforms could get louder.

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Fed again moves to calm markets; Dimon out of hospital

03/13/20

The central bank will inject $1.5 trillion into the money market, including buying more longer-term bonds; JPMorgan says its CEO “is doing very well” as he recovers from heart surgery.

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How banks are helping customers withstand coronavirus shock

03/12/20

No-interest loans and overdraft forgiveness are among the lifelines banks are offering to consumers and small businesses whose livelihoods are being upended by the economic fallout.

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