BankThink

Fed proposes capital requirements for insurance units

09/06/19

The Fed is seeking feedback on a "Building Block Approach" to risk-based capital standards for firms heavily engaged in insurance activities.

[more]

CEO of failed First NBC facing criminal probe, judge says

09/06/19

Prosecutors are investigating the involvement of Ashton Ryan and another executive in the New Orleans bank's 2017 collapse, a federal judge recently wrote in a decision on a related matter.

[more]

Mnuchin urges Goldman, Amex to help small banks win contracts

09/06/19

Treasury Secretary Steven Mnuchin has told large U.S. financial institutions including Goldman Sachs and American Express they should do more to help black- and women-owned community banks win federal contracts.

[more]

Facebook is eyeing engineers at New York banks in hiring spree

09/06/19

Facebook plans to double its headcount in New York City, an expansion that could set up the social media giant for a clash with some of the biggest firms in finance.

[more]

What Citi sees in Even Financial

09/06/19

The bank helped raise $25 million for the fintech because of its potential to bring banks and nonbanks together in a virtual marketplace.

[more]

Activist investor presses First United in Maryland to sell

09/06/19

Driver Management said it believes the company would create more shareholder value by finding a buyer.

[more]

BV Financial to expand in northeast Maryland with acquisition

09/06/19

The Baltimore company will pay $31 million for MB Bancorp.

[more]

HUD’s assault on fair lending

09/06/19

With its proposal to restrict disparate-impact claims, the Trump administration seems determined to solve a problem that does not exist.

[more]

Plan for Fannie, Freddie; Fed likely to go easy on rate cut

09/06/19

The mortgage agencies would be privatized under Trump administration plan; central bank will probably cut rates by 25 bps, not 50 bps, at its next meeting.

[more]

'A complex and unworkable mess': Comments of the week

09/05/19

Readers strongly react to whether the CFPB should have a say on bank mergers and if tribal areas should have special CRA credit, debate whether banks are embracing enough technology and more.

[more]