BankThink

Credit card issuers bulk up; Diversity still a challenge for banks

12/06/19

Issuers have started adding metal to their credit cards; banks have been “slow” to add diversity in executive ranks, filings suggest.

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More ag banks slide into red as trade war drags on

12/05/19

The percentage of farm lenders losing money hit a six-year high in the third quarter, according to the FDIC.

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Cambridge Bancorp adding to Boston operations with Wellesley deal

12/05/19

The company will pay $122 million for six branches and nearly $1 billion in assets.

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Sign of the (old) times: Bankers still see value in billboards

12/05/19

While digital channels are becoming more popular, many banks remain committed to highway advertising.

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Robo adviser lays out ambitious banking plan

12/05/19

Wealthfront could roll out a debit card, automated bill pay and direct deposit in early 2020, Chief Executive Andy Rachleff said.

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Democrats seek assurance regulators won't weaken CRA

12/05/19

A day after House Democrats urged the banking agencies to unite behind a joint plan to update the Community Reinvestment Act, Senate Democrats worried that an impending proposal from the OCC and FDIC will reduce access to credit.

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Congress may need to step in on Libor switch, Mnuchin warns

12/05/19

The Treasury secretary suggested a role for lawmakers in containing any fallout with financial contracts stemming from the transition to a new interest rate benchmark.

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JPMorgan Chase signs data sharing agreement with Envestnet Yodlee

12/05/19

The largest U.S. bank will share data through application programming interfaces with a sometimes-controversial data aggregator.

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TD, CIBC earnings misses cap hard quarter for Canadian banks

12/05/19

The country's top six banks were sideswiped by rising provisions for soured loans and slumping capital markets.

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Don't misread restructurings and layoffs as a sign of weakness

12/05/19

In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength.

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