BankThink

Fidelity’s data-sharing unit Akoya to be jointly owned with The Clearing House, 11 banks

02/20/20

Akoya has been building a data-sharing network that gives fintechs access to bank account data through application programming interfaces as an alternative to screen scraping. JPMorgan Chase, Bank of America and Capital One are among its new owners.

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CVB Financial taps insider to succeed retiring chief

02/20/20

David Brager, the California company's sales division manager, will replace Christopher Myers on March 16.

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Morgan Stanley buying discount broker E*Trade for $13 billion

02/20/20

The all-stock takeover would add E*Trade’s $360 billion of client assets to Morgan Stanley’s $2.7 trillion.

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Simpler is better for fintechs breaking into banking

02/20/20

LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds.

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Morgan Stanley to buy E*Trade; ING CEO named to head UBS

02/20/20

$13 billion deal will get Morgan Stanley "ready for prime time"; Ralph Hamers will replace Sergio Ermotti later this year.

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Banks urged to follow Goldman’s lead on fossil fuel

02/19/20

Goldman Sachs pledged in late 2019 to stop financing projects in coal and Arctic oil exploration. Activist groups and Democratic senators say other large institutions should do the same given the economic and environmental risks from climate change.

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Home BancShares in Ark. making bigger push into marine lending

02/19/20

The company will nearly double the amount of marine loans on its books after buying a division from People's United.

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Is Ally's leap into subprime credit cards worth the risk?

02/19/20

Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.

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LendingClub deal could spur more fintech-bank mergers

02/19/20

The challenge for other fintechs will be to find banks that are as compatible as Radius Bank, an online-only lender, is for LendingClub.

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Wage advance firm Earnin targets employers in bid to reach more consumers

02/19/20

The move comes as the fintech tries to shake off criticism that its main products are payday loans by another name.

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