BankThink

IMF's Lagarde is nobody's token; causes and effects of gender pay disparity

06/20/19

Christine Lagarde, the head of the International Monetary Fund, refuses to attend any meetings in which she would be the only woman; Sallie Krawcheck says the fact that women still are paid less than men is partly the fault of society at large; and more in this week's WIB Scan.

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The 'secret enforcement tool' that has bankers spooked

06/19/19

Banks claim that regulators have been avoiding using a transparent public process to implement new regulations, opting instead to use informal guidance that has the impact of policy.

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Payments acquisition expected to boost fee income at First Financial

06/19/19

The Cincinnati bank could add about $30 million a year in noninterest income with its deal for the capital markets firm Bannockburn Global Forex.

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'The risk isn't in the banks': Fed's Powell on leveraged lending

06/19/19

Federal Reserve Chairman Jerome Powell says the agency is closely monitoring leveraged lending risks, but suggests further regulations on banks aren’t warranted.

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Once focused on affluent households, HSBC now eyes mass market

06/19/19

The move to add dozens of branches, many in low- and moderate-income neighborhoods, continues a strategic shift under retail banking chief Pablo Sanchez.

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Former CFPB official criticized for blog posts joins Ginnie Mae

06/19/19

The mortgage agency has hired Eric Blankenstein, who sparked controversy while at the consumer bureau over past revelations of racially charged writings.

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Senate Banking panel sets hearing on Facebook's Libra

06/19/19

Senators will examine the social media giant’s plan to offer a digital currency. House Financial Services Committee leaders have already criticized the idea.

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Apple expands Goldman credit card test to thousands of retail workers

06/19/19

Apple Inc. is ramping up a test of a digital-first credit card with Goldman Sachs Group Inc. by expanding its use to tens of thousands of the iPhone maker’s U.S. retail employees.

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An online-only bank's bold plan for small-business lending

06/19/19

First Internet is poised to acquire an SBA lending team to help it meet an ambitious loan target for the year — a target the CEO plans on doubling in coming years.

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Goldman, Citi among banks delaying Brexit asset shifts

06/19/19

Goldman Sachs and Citigroup are among global firms postponing the transfer of several billion euros of capital outside the U.K. despite regulatory pressure to complete the move.

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