BankThink

CFPB commission goes from idea to afterthought

05/30/19

The industry continues to push for an overhaul of the bureau’s leadership structure, but both parties seem uninterested.

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Congress extends national flood insurance program by two weeks

05/30/19

Congress extended the National Flood Insurance Program through June 14, preventing the federal initiative from expiring on Saturday.

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Where JPMorgan stands on mortgages, branches, mobile payments

05/30/19

In a presentation Thursday, co-COO Gordon Smith expanded on Jamie Dimon's recent comments about frustrations in the mortgage market, was upbeat about branch profitability and discussed some of the bank's Chase Pay challenges.

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A less defensive posture from Wells Fargo's interim CEO

05/30/19

In stark contrast to his predecessor, C. Allen Parker said Thursday he accepts regulators' criticism and suggested that the bank may struggle to achieve revenue growth until it moves past its regulatory woes.

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Suspense builds on new brand for BB&T-SunTrust

05/30/19

SunTrust CEO Bill Rogers on Thursday explained the direction he and BB&T chief Kelly King are going with the new name, but gave no hints on what it is or when it will be unveiled.

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Fulton emerges from regulatory gantlet. Is M&A in its future?

05/30/19

Its CEO says organic growth is preferable, but after spending five years tackling a series of enforcement actions tied to BSA compliance, the Pennsylvania bank has options.

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Finastra sees small banks as a way to catch up in U.S. core tech

05/30/19

The London firm lags the three largest U.S. vendors but bets its new open banking platform can win it more business.

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New York de novo debuts after raising $131 million

05/30/19

Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country.

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Uber enters leasing pact for borrowers who can’t secure auto loans

05/30/19

Uber Technologies Inc. is going nationwide with a program that helps those without a car — or the financial means to get one — drive for the ride-hailing giant.

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Citi could beat expectations in 2020, Goldman says in upgrade

05/30/19

Citigroup can beat consensus expectations in 2020 regardless of higher interest rates or stronger global growth, and is well positioned for potential supply chain shifts in Asia, Goldman Sachs said in an upgrade of the stock to buy from neutral.

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