BankThink

FSOC’s proposals would promote financial stability, not undermine it

06/28/19

Focusing regulatory reforms on risk-based activities is a more effective approach to weeding out potential systemic threats.

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Goldman Sachs explores creating a digital coin like JPMorgan’s

06/28/19

CEO David Solomon said that Goldman is “absolutely’’ looking at digital currencies and conducting “extensive research’’ on tokenization.

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The second round of stress tests; State Street settles with SEC

06/28/19

The results clear the way for bigger dividends and stock buybacks at big banks; State Street agreed to pay $88 million to settle claims it overcharged clients.

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'The right to financial services should be universal': Comments of the week

06/27/19

Readers respond to how Congress should address AI, concerns on Facebook's Libra and its logo, a report challenging card fraud prevention and more.

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FASB to consider delaying CECL deadlines for smaller firms

06/27/19

Accounting rules group is weighing whether to consolidate and push back deadlines for smaller firms to comply with credit-loss accounting change in light of concerns they will not be ready.

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CFPB extends comment period for HMDA proposal

06/27/19

The CFPB is giving trade groups and consumer advocates another three months to comment on its proposal to change what data is collected under the Home Mortgage Disclosure Act.

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Is leveraged lending a systemic risk?

06/27/19

Lending to companies with heavy debt loads is a growing business — one that many fear could lead to the next financial crisis.

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Banks clear CCAR stress test — though JPMorgan Chase, Capital One barely

06/27/19

In a year where most of the 18 institutions taking the second round of the Federal Reserve's stress tests showed improvements over last year, JPMorgan Chase and Capital One were both forced to adjust their capital plans in order to meet the central bank's minimum thresholds.

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Manafort pleads not guilty to New York mortgage fraud charges

06/27/19

Former Trump campaign chairman Paul Manafort pleaded not guilty in a New York mortgage fraud case — state charges that are beyond the reach of a presidential pardon.

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California on verge of capping rates on installment loans

06/27/19

The legislation, which passed a key test in the state Senate on Wednesday, is the product of a compromise between consumer advocates and some lenders.

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