BankThink

Credit Suisse CEO leaves; Fannie, Freddie to buy SOFR mortgages

02/07/20

Tidjane Thiam submits his resignation; the two agencies said they will soon start accepting mortgages tied to the new rate and drop Libor by yearend.

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Activist investor to join Bankwell's board

02/06/20

The Connecticut company will appoint Lawrence Seidman to become a director at its next annual meeting.

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Fed releases scenarios for 2020 stress testing cycle

02/06/20

The Federal Reserve on Thursday released the 2020 stress testing scenarios that it will use to evaluate the safety and soundness of 34 banks with more than $100 billion of total assets.

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House Dems to CFPB chief: Use the authority Congress gave you

02/06/20

Members of the House Financial Services Committee chastised Kathy Kraninger for not supervising student loan servicers and failing to examine firms for compliance with the Military Lending Act.

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MUFG Union Bank names ex-Sterling CEO Seibly its president

02/06/20

Greg Seibly guided Sterling through the financial crisis before engineering its sale to Umpqua Holdings in 2014. He is currently CEO of the Federal Home Loan Bank of San Francisco.

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JPMorgan revamps digital strategy team after three leaders exit

02/06/20

JPMorgan Chase is staking its consumer-banking strategy on digital technology. In 2020, that push will be spearheaded by a new team of executives.

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Wells Fargo's latest high-level hire will oversee sales practices

02/06/20

Michael Cleary will report to Scott Powell, who had been his boss at Santander Bank.

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Texas Capital takes a risk on rewards in latest digital banking venture

02/06/20

The company's new platform targets a narrow customer segment ⁠— frequent fliers.

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Gen Y likes advice it's getting from big banks: Survey

02/06/20

A new report from J.D. Power found that younger consumers increasingly believe the largest banks are better than regionals at providing financial guidance through digital channels.

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Frozen Wells Fargo bonuses show a peril for bankers after crisis

02/06/20

A new religion swept Wall Street after the 2008 crisis: Pay executives with stock, make them wait to collect it, and there will be fewer problems. Now a generation of executives retiring from Wells Fargo is experiencing what can happen to those payouts when new scandals arise.

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