BankThink

JPMorgan won't close accounts of people who reject binding arbitration

06/11/19

JPMorgan Chase & Co. said it won’t shut the accounts of credit-card customers who reject a new policy of using arbitration instead of the courts to resolve payment disputes.

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HUD down-payment policy harms first-time buyers

06/11/19

The agency’s new guidance would limit some nonprofits’ ability to help borrowers pay their down payments, leading to higher home costs.

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Manulife wields Amazon Prime, chatbot to battle big banks

06/11/19

Manulife Financial, Canada's largest life insurer, is taking on the country's large lenders with a new package of banking products designed to win over digitally savvy millennials.

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Trump calls Fed policy ‘destructive’; Banks get a boost

06/11/19

The president says the Fed is giving China a competitive advantage; bank stocks gained after tariffs on Mexican imports nixed.

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How HSBC is spending its $17 billion tech budget

06/11/19

Jeremy Balkin, head of innovation at HSBC Bank USA, shares how the bank is investing in retail innovation, including a $350 million core system.

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‘Epic’ flooding forces ag banks to lean on farm agency

06/10/19

Lenders are turning to the Farm Service Agency to backstop more loans as their Midwestern customers are beset by flooding in addition to the U.S. trade war with China and volatile crop prices. Can the FSA meet the increased demand?

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Cloud banking vendor for small institutions gets big boost

06/10/19

Alkami Technology said it would use its latest round of $55 million in funding to expand the white-label services it currently offers small banks and credit unions.

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Former Bank of Georgetown execs plan new bank in Washington

06/10/19

Founders Bank is the latest de novo effort that will target the nation's capital.

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Cheat sheet: What Senate AML bill means for financial industry

06/10/19

The good news for financial firms is Congress has moved closer to reforming anti-money-laundering rules. But left behind in the effort is the reform most coveted by the industry.

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New leadership, same aversion to M&A

06/10/19

An unusual succession plan at Burke & Herbert Bank raised speculation that Virginia's oldest bank might be interested in buying another institution, for the first time in its history, or even selling to a larger rival. The bank's interim CEO, and the man who will replace him, have other plans.

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