BankThink

'Crossover hiring' can address the gender gap in fintech

03/12/20

As the fintech industry looks for ways to bring on more women, crossover hiring — recruiting from traditional financial services firms to fintechs — has emerged as an effective strategy, Donna Parisi of Shearman & Sterling and Michelle Tran of NYC Fintech Women write.

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ECB will let banks run lower capital levels to deal with virus

03/12/20

The move come a day after the Bank of England cut rates and introduced a series of emergency measures, including capital requirements and a lending program for smaller companies.

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JPMorgan tells New York employees to work from home due to virus

03/12/20

JPMorgan Chase is planning to implement a staggered work-from-home plan for its New York-area employees to help slow the spread of the coronavirus. The plan applies to most corporate employees, but not to branch workers or traders.

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More coronavirus challenges for banks; RBS delays

03/12/20

Bankers express confidence despite coronavirus concerns, while consumers ponder cash needs; U.K. will hold off unloading its 62% stake in bank.

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What could quell the boom in 0% installment lending

03/11/20

Firms such as Afterpay that offer financing to shoppers have been enjoying rapid growth. But their model is under scrutiny from regulators, being mimicked by credit card lenders and faces heightened risks in a downturn.

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FDIC to issue proposal on ILCs at agency board meeting

03/11/20

A decision by regulators on how to move forward with the controversial charter could have broad implications for fintech firms that want to enter the banking system.

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ABA asks Supreme Court to settle disputed credit union membership rule

03/11/20

The banking lobby asserts that the NCUA's field-of-membership rule goes beyond the agency's legal mandate.

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Takeaways from ex-Wells Fargo board members’ visit to Congress

03/11/20

The bank’s former chair expressed regret over comments attributed to her in a House report, while Democrats and Republicans butted heads over whether the hearing was necessary.

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Fed pledges more than $500 billion to keep funding markets calm

03/11/20

The central bank is trying to get ahead of possible funding disruptions caused by the coronavirus. Policymakers want to avert a repeat of September, when short-term borrowing costs spiked amid imbalances in supply and demand for cash.

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Trump and Wall Street try to restore calm as market tumult grows

03/11/20

Financial executives who visited the White House pledged to help small businesses and consumers get through any economic damage as the virus continues to spread. They also encouraged the government to support fiscal stimulus policies.

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