BankThink

Bank of Montreal surpasses U.S. growth target in six months, CEO says

06/19/19

Last year, CEO Darryl White said his goal was for U.S. operations to account for one-third of the bank's earnings in three to five years. It was a matter of months before the goal was reached.

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BB&T, SunTrust set dates for shareholder votes on merger, 'Truist' name

06/19/19

Shareholders of both companies will meet separately next month to cast ballots on the $28 billion deal, and BB&T investors will also decide whether the new company should be called Truist Financial.

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Biggest changes in digital banking are just ahead

06/19/19

Many might think that the technological disruption of the industry is already underway, but it’s likely that the most significant restructuring is still yet to come.

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Facebook faces blowback; Big changes expected at Deutsche Bank

06/19/19

Digital currency plans spark concerns from global financial regulators and U.S. legislators; departures continue as two top dealmakers seem ready to leave.

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Will FHFA’s fair-lending office fill enforcement void?

06/18/19

The little-known unit was launched in the wake of efforts by the CFPB and HUD to cut back on fair-lending activities, but the reach of the 10-month-old office is still unclear.

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Waters calls for halt to Facebook's crypto plans

06/18/19

House Financial Services Committee Chairwoman Maxine Waters and Rep. Patrick McHenry, the top GOP panel member, said Facebook must testify about Project Libra.

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Facebook thinks it can displace banks. Good luck with that.

06/18/19

Many people still distrust banks, but many also look askance at the social media giant, making it an unlikely savior of the unbanked.

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Latest credit union deal to buy bank adds fuel to simmering policy fight

06/18/19

A Wisconsin credit union's agreement to acquire a small Chicago bank, the eighth credit union-bank deal this year, led bankers to once again call for policymakers to slow the trend. A credit union trade group complained that banks are trying to stifle competition.

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Congress dangles tax credits to boost supply of affordable housing

06/18/19

The bipartisan proposal aims to renew banks' interest in low-income housing tax credits and bring more lower-priced homes to markets that badly need them.

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One banker's advice for product development: Let customers pitch in

06/18/19

There’s a long list of reasons traditional lenders haven't kept up with the needs of entrepreneurs, says Judith Erwin, the head of Grasshopper Bank in New York. One is not asking for enough feedback.

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