BankThink

How should banks view mounting household debt?

02/11/20

Depending on one's perspective, the surge in consumer borrowing is either a normal byproduct of a booming economy or a worrisome trend that portends a wave of delinquencies when the next downturn hits.

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Wells Fargo hires another JPMorgan exec as shake-up continues

02/11/20

Mike Weinbach will lead consumer lending as part of a reorganization that will change the responsibilities of three longtime bank executives.

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House lawmakers press Powell on CRA, climate change, stress tests

02/11/20

Federal Reserve Chair Jerome Powell reaffirmed his agency’s skepticism of a Community Reinvestment Act plan proposed by other regulators, and said the Fed has an important role to ensure banks “are resilient against the longer-term risks from climate change.”

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Wells Fargo escalates the API race

02/11/20

When it comes to customers using application programming interfaces, the bank appears to be outpacing its rivals.

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N26 closing all U.K. mobile banking accounts, blaming Brexit

02/11/20

The German challenger bank said that its "several hundred thousand" customers in the U.K. have until April 15 to withdraw money or transfer it to another account.

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A new kind of British invasion: Regtech hackathons

02/11/20

Tech sprints that bring regulators together with bank officials, data scientists and software companies originated in the U.K. and have crossed the pond into the U.S.

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Sen. Warren, Germany’s board plan won’t work here

02/11/20

The presidential hopeful wants to mirror a German policy that allows employees of large corporations to vote for board members. Here’s why that won’t fly in the U.S.

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Veteran CEO retiring from Great Western in South Dakota

02/11/20

Ken Karels will be succeeded by Mark Borrecco, who had been CEO of Rabobank's U.S. bank.

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First Western to buy Denver branches from Simmons First

02/11/20

The company will also gain a loan production office and $105 million in loans as part of the deal.

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Charges in Equifax hack; Varo Money passes FDIC test

02/11/20

Four Chinese military members charged with stealing data of 150 million Americans; fintech can use deposit insurance, a step toward a full bank charter.

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