BankThink

Wells Fargo’s Parker downplays notion he'll get CEO job permanently

07/16/19

The interim CEO told analysts Tuesday that the company remains committed to hiring an outsider who isn't connected to its scandals of recent years.

[more]

Synovus doubles down in Florida

07/16/19

The Georgia regional plans to open more branches in the state as it looks to loan growth and fees as a way to offset intense competition for deposits.

[more]

The $40 billion gift that Wall Street doesn't deserve

07/16/19

Attempts to roll back a safeguard on derivatives would give megabanks a $40 billion windfall, putting taxpayers on the hook.

[more]

Mnuchin adds to anti-Libra chorus; Fed’s Williams touts SOFR

07/16/19

The Treasury Secretary says Facebook’s cryptocurrency plan creates national security issues; the New York Fed chief tells financial firms to stop dragging their feet and move on from Libor.

[more]

Wells Fargo's revenue holds steady as its margin narrows

07/16/19

The bank's net interest income fell to its lowest point in three years, and total revenue fell short of analysts' expectations.

[more]

JPMorgan warns that lending income will fall in the second half

07/16/19

Granted, the bank's earnings per share topped estimates in the second quarter, but its forecast on net interest income suggests it will be harder for JPMorgan Chase to offset declining revenue from trading stocks and bonds.

[more]

How banks can protect against account takeover

07/16/19

Trace Fooshee, senior analyst at Aite Group and former head of fraud strategy at SunTrust, explains fraudsters’ latest tactics and the best methods of self-defense.

[more]

Goldman Sachs invests $28M in German fintech set for U.S. debut

07/16/19

Raisin, an online marketplace that aggregates high-yield savings accounts in Europe, aims to launch in the U.S. in the next nine to 12 months.

[more]

Regulators need more tools to keep system safe: Boston Fed chief

07/15/19

The U.S. lacks mechanisms authorized in other countries to flag nonbank risks, Eric Rosengren says.

[more]

People's United to cross $50B in assets with United Financial deal

07/15/19

The Connecticut company will add heft in its home state and Massachusetts when it buys the former mutual.

[more]