BankThink

How robo-adviser Wealthfront is becoming more like a bank

02/03/20

Andy Rachleff, the fintech's CEO, discusses the digital bank it's developing and the concept of "self-driving money."

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M&A, hiring, credit quality: What's on minds of midsize bank execs

02/03/20

Certain loan segments are showing signs of deterioration, but consumer lending and digital banking are bright spots. Meanwhile, bankers are eyeing opportunities to improve efficiency, add scale and take advantage of M&A disruption. Here's what to expect from smaller regionals in the year ahead.

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CFPB, Education Dept. sign MOU on student loan complaints

02/03/20

The two agencies said they will exchange student loan complaint data after their information-sharing efforts had been in limbo for over two years.

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Senate Dems want answers on how GSEs are preparing for climate change

02/03/20

In letters to Freddie Mac and Fannie Mae, six Democrats asked how the mortgage giants are factoring extreme weather into their risk modeling.

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Big banks outlast city of Miami in long legal battle

02/03/20

The city's decision to drop a lawsuit alleging predatory ending by Wells Fargo, JPMorgan Chase, Bank of America and Citigroup highlights the challenges municipalities face in taking on deep-pocketed financial institutions.

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Fifth Third, TD Bank expand ATM networks in deals with vendor

02/03/20

TD’s brand will appear on 80 Cardtronics machines in the New York area, while Fifth Third’s will appear on 139 ATMs in the Carolinas.

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FHFA picks Houlihan Lokey to advise agency on GSE plans

02/03/20

The regulator said the investment bank and financial services company will help in the process of strengthening Fannie Mae and Freddie Mac’s capital standing for their eventual exit from conservatorship.

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Will $1 billion California deal jump-start West Coast M&A?

02/03/20

Unlike other regions of the country, the western U.S. has seen very few large bank mergers in recent years. Here's why Pacific Premier's acquisition of Opus Bank could change that.

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M&T snags JPMorgan exec as head of customer experience

02/03/20

The Buffalo, N.Y., bank has hired Aarthi Murali away from JPMorgan Chase to serve as its first chief customer experience officer.

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Why more banks are ditching their legacy core vendors

02/03/20

Newcomers Nymbus, Neocova, Finxact and Technisys and older competitors like Temenos, Infosys and Oracle are winning over community and regional banks by offering what some bankers describe as more flexible technology at fairer prices.

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