BankThink

Fix CRA before cracking down on bank mergers

12/18/19

Sen. Elizabeth Warren’s proposal to subject bank deals to greater public scrutiny should instead be addressed through reforms to the Community Reinvestment Act.

[more]

Six living wills have ‘shortcomings’; PE firms buy stake in Amex unit

12/18/19

Regulators said the living wills of six banks — not Goldman or JPM — need tweaking; the investment values the global business travel unit at $5 billion.

[more]

The devil and the details of CRA reform

12/17/19

Banks and public advocacy groups agree that the Community Reinvestment Act needs to change. But is the latest proposal moving in the right direction?

[more]

Big banks reach $250M settlement in suit alleging GSE bond-price fixing

12/17/19

A dozen of the nation's largest underwriters were accused of colluding with traders to artificially set prices on the secondary market for Fannie Mae and Freddie Mac securities.

[more]

Regulators find 'shortcomings' in living wills of six large banks

12/17/19

The Federal Reserve and Federal Deposit Insurance Corp. found issues with the firms' ability to compile data on how they would be unwound during a period of financial stress.

[more]

Bangor Bancorp to buy Damariscotta Bankshares in merger of Maine mutuals

12/17/19

Bangor will pay $35 million in cash to gain branches in five communities.

[more]

Senate Democrats demand more GSE reform details from FHFA

12/17/19

The lawmakers say they need more information about the administration’s plans in order to conduct proper oversight.

[more]

Credit union blockchain ID pilot could benefit small banks too

12/17/19

A new system uses biometrics and distributed ledger technology to safeguard call centers from identity theft attacks.

[more]

Texas community bank lines up first acquisition

12/17/19

Wichita Falls Bancshares will gain four branches when it buys Chico Bancorp.

[more]

Will CRA revamp stimulate lending in down-and-out neighborhoods?

12/17/19

The proposed changes laid out by banking regulators would clear up confusion about what qualifies for CRA credit within so-called Opportunity Zones. But not all community development advocates are convinced that the changes are for the better.

[more]