BankThink

Facebook weighs Libra revamp to address regulatory concerns

03/04/20

Facebook and its partners are considering redesigning the Libra cryptocurrency project so that the network accepts multiple coins, including those issued by central banks, in an effort to woo reluctant global regulators and rebuild momentum for the plan.

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Banks finally start to spend big on giant batteries

03/04/20

Recognizing the sizable opportunity in batteries, some project finance banks have recently begun supporting battery developments, and others expect to follow soon.

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Coronavirus reactions continue; Supremes don’t tip hand on CFPB case

03/04/20

Fed makes emergency cut, JPMorgan tests contingency plan; the justices appeared divided on whether to give the president power to fire the agency’s director.

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A small California bank is unionizing. Here's what it means.

03/03/20

The outcome at Beneficial State may be hard for organizers to replicate at other banks, but it serves as a reminder that labor groups see an opportunity in an industry where many low-paid workers chafe against sales pressure.

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Veteran banker aims to bring back the multibank holding company

03/03/20

Richard Herrington's buyout pitch to smaller banks is to offer them a way to survive and keep their local brands.

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Rate cut could prompt even tighter margins, mortgage surge

03/03/20

The Fed’s decision to cut its benchmark interest rate amid growing coronavirus concerns is bound to have an impact on banks, but just how broad and how deep remains to be seen.

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Coronavirus highlights limits of Fed's power

03/03/20

In announcing the central bank’s emergency rate cut, Chairman Jerome Powell warned that the Fed can only do so much.

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JPMorgan tests virus plan with thousands working from home

03/03/20

JPMorgan Chase is asking thousands of U.S. employees to work from home as it tests a contingency plan for closing domestic offices should the coronavirus spread, according to people with knowledge of the matter.

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Supreme Court justices question wisdom of CFPB overhaul

03/03/20

The court’s liberal bloc and Chief Justice John Roberts, who holds a crucial swing vote, appeared reluctant to remove a contentious provision that limits a president’s ability to fire a sitting director of the bureau.

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Wells Fargo unveils limited-fee bank accounts ahead of hearings

03/03/20

Wells Fargo is announcing two new bank accounts that limit fees for consumers ahead of the company's planned congressional hearings in Washington next week.

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