BankThink

Money laundering battle drives Japan banks to JPMorgan’s network

12/10/19

JPMorgan Chase & Co.’s blockchain-based information network for payments is drawing the greatest interest in Japan, a country long blamed for weak measures against money laundering.

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Fighting terrorism while helping immigrants a tricky balancing act

12/10/19

The leader of a new Compliance and Payments Task Force dives into how it will address emerging issues of counterterrorism financing in the digital age.

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Morgan Stanley to cut jobs; big banks making progress on replacing Libor

12/10/19

The Wall Street bank to shed 1,500 spots ahead of an uncertain 2020; smaller and regional banks are lagging behind but expect to increase their focus next year

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To ignore Gen Z is ‘to flirt with irrelevance’: Wells Fargo exec

12/09/19

Businesses need to shift focus away from millennials and toward the next age group, which is expected to be so demanding that business processes will have to be overhauled, says Julia Carreon, the bank's managing director of digital and fiduciary operations.

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Rumblings of Texas M&A wave after high-profile deal

12/09/19

The Independent Bank-Texas Capital merger could prompt other banks in the state to consider selling or buying.

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Paul Volcker's impact on banks was bigger than just one rule

12/09/19

Former Fed Chairman Paul Volcker is now synonymous with a provision of the Dodd-Frank law. But his legacy extends well beyond that.

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First Republic sells student-loan repayment business Gradifi to E-Trade

12/09/19

The sale comes just three years after the San Francisco bank bought the platform.

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OCC flags risks from banks' tech overhaul, Libor transition

12/09/19

The agency’s semiannual report warned institutions to be mindful of operational risks from the innovation in core banking systems, and detailed supervisory steps to monitor the adoption of a new reference rate.

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Big tech banking plans may pose risk to financial stability: FSB

12/09/19

The international regulatory group said that despite some benefits from tech firms' incursion, the companies' efforts may present operational and disruption risks.

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One bank’s move to embrace transgender consumers

12/09/19

BMO Harris Bank in Chicago recently became the first financial institution to offer a Mastercard that allows transgender and nonbinary people to use their preferred names. Members of that community often experience disproportionate financial hardship, in part because of employment discrimination.

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