BankThink

Morgan Stanley CFO: E-Trade deal to aid 2021 stress test

02/27/20

E-Trade could add about 30 basis points to a key capital ratio once the deal closes, Jonathan Pruzan says.

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Wells Fargo lowers earnings guidance, warns on coronavirus impact

02/27/20

The San Francisco bank reduced its outlook for net interest income this year and cautioned that the outbreak's economic effects could take an even bigger bite out of profits.

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‘Screen scraping is not evil’: Bankers, fintechs, aggregators face off

02/27/20

A CFPB event on data-sharing issues gave the parties a chance to debate the merits and risks of screen scraping, what can replace it and what consumers really want.

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New York bank fends off activist challenge

02/27/20

Hanover Bancorp will move forward with plans for an initial public offering after shareholders backed its slate of director nominees.

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Fannie and Freddie to make record high contributions to housing trust funds

02/27/20

The Federal Housing Finance Agency authorized the government-sponsored enterprises to contribute $502.2 million to two funds that help preserve and build affordable housing.

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Small banks tell Fed its Libor replacement doesn't work for them

02/27/20

Officials from 10 midsize American banks said U.S. regulators' preferred index for replacing the maligned Libor benchmark is ill-suited for them.

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Goldman CEO says his firm doesn't need a deal like E-Trade

02/27/20

David Solomon says he isn't feeling any pressure from Morgan Stanley's latest move.

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CFPB's Kraninger commits to finalizing small-business lending rule

02/27/20

CFPB Director Kathy Kraninger promised to complete the rule mandated by Dodd-Frank one day after a California court set a process for doing so.

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Credit union-bank M&A has slowed. Is it a trend, or just a pause?

02/27/20

Credit unions could be feeling some of the heat from critics of their bank takeovers, or simply gearing up for another round of activity.

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OCC's Otting takes another swipe at Fed over CRA reform

02/27/20

Comptroller of the Currency Joseph Otting suggested the central bank was adopting a “partisan” stance against his plan to overhaul the Community Reinvestment Act.

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