BankThink

Banks are worried about NCUA’s new sub debt rule. Should they be?

02/25/20

Though the agency plans to give more credit unions authority to issue subordinated debt, limited investor appetite and other factors could hamper activity.

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Is the U.S. payment system fair?

02/25/20

Aaron Klein, a fellow at the Brookings Institution, argues that the setup works well for those with money, but is very expensive for those on the lower end of the spectrum.

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JPMorgan investor day runs gamut, from climate change to middle market

02/25/20

Executives outlined changes in energy lending policies, said that the largest U.S. bank has only scratched the surface in middle-market credits and discussed their preparations in case of an economic slowdown.

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Trucking, energy loans posing problems for BMO Financial

02/25/20

A spike in loan-loss provisions dragged down first-quarter profits at the Toronto company’s U.S. unit.

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CFPB's No. 2 to leave agency for law firm

02/25/20

Deputy Director Brian Johnson spent more than two years serving under two separate CFPB directors. He will become a partner at Alston & Bird LLP next month.

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Bank of Canada lays groundwork for digital currency

02/25/20

"We need to move forward to work out what a potential CBDC might look like and how it could be managed, if the decision were ever taken to issue one," Deputy Gov. Tim Lane said, according to the text of remarks to be delivered Tuesday in Montreal.

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Nearly all age groups say they’d bank with tech giants

02/25/20

In every segment except people older than 64, a majority would consider banking with Apple, Google, Amazon or Facebook, a new survey finds.

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Santander acquiring Elavon’s Mexican operation

02/25/20

Banco Santander’s global digital transformation has led it to Mexico, where the bank has agreed to acquire U.S. Bancorp’s Elavon Mexico merchant acquiring unit for about $84 million.

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CFPB's Kraninger says QM proposal, remittance rule will be out by May

02/25/20

The agency's director said both steps will come as part of an ongoing review of agency rules and show "my commitment under the law to be effective and evidence based” in providing clarity to stakeholders.

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A profit letdown for banks in 2019

02/25/20

The FDIC’s Quarterly Banking Profile said lackluster net interest income, likely resulting from lower short-term interest rates, drove a decline in fourth-quarter and full-year earnings.

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