BankThink

Investor locks down majority stake in Virginia bank

06/26/19

Ken Lehman recently bought a block of shares in Village Bank & Trust Financial.

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Facebook partners not sure about Libra; Northern Trust's exposure

06/26/19

Some signed on because the deal didn't require using or promoting Libra; Chicago bank may get stuck with $190 million of losses from U.K. mutual fund.

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Card fraud fuels criminal activity. Is industry doing enough to stop it?

06/25/19

Researchers found that stolen payment data has been used to finance terrorism, human trafficking and other organized crime. Their conclusion that card fraud needs to be taken more seriously by banks and card networks drew pushback from the financial industry.

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Warren leads Democratic call to reconsider another CFPB hire

06/25/19

Democratic lawmakers argue that Paul Watkins' former employment at a "homophobic hate group" makes him unfit to lead the agency's innovation office. Watkins says he did no advocacy work for that organization.

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Lawmakers spar over whether Fannie, Freddie are SIFIs

06/25/19

There is bipartisan agreement in the Senate that Fannie Mae and Freddie Mac are "too big to fail" but some lawmakers are skeptical that a SIFI designation is appropriate.

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Trump forms White House council to ease barriers to affordable housing

06/25/19

The president signed an executive order Tuesday establishing a White House council dedicated to examining regulatory barriers to affordable housing.

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Dimon to Bank of America: We're coming for you

06/25/19

"We're going right at Bank of America, folks, in Charlotte, their hometown," JPMorgan Chase CEO Jamie Dimon said to cheers and laughter at a branch opening in midtown Manhattan. "We've been waiting a long time to start the expansion of Chase retail."

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With hiring spree, Signature aims to accelerate commercial lending

06/25/19

The New York bank has recruited a dozen commercial lenders from PacWest, Wells Fargo and other rivals, continuing its shift away from its historic reliance on multifamily lending.

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Bank CIO’s mission: Getting out from under bad tech vendor contracts

06/25/19

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.

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Minority-owned banks' performance has significantly improved: FDIC

06/25/19

The number of minority depository institution charters is declining even as their financial performance is going up, according to a new study by the FDIC.

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