BankThink

Could Deutsche Bank probe be an opening for AML reform?

04/17/19

It remains to be seen whether anti-money-laundering provisions will get a deeper look this Congress or whether political optics will divide lawmakers on moving ahead with changes.

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Did JPMorgan just tip its hand on a succession plan?

04/17/19

Marianne Lake, seen in recent months as a leading candidate to replace CEO Jamie Dimon, got the post she may have needed to round out her resume — consumer lending chief. And Jennifer Piepszak, another rising star at the company, will take over as CFO from Lake.

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Can U.S. Bancorp make its digital cross-selling strategy work?

04/17/19

EO Andy Cecere acknowledges that other banks have tried to broaden customer relationships and selectively expand into new markets before and struggled. But the sophistication of today’s online and mobile services could make all the difference this time, he says.

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BB&T, SunTrust hire ad agency to develop new brand

04/17/19

Interbrand will work with employees of both banks to develop a new brand and logo.

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OCC should speak up on Wells Fargo's exec changes: Warren

04/17/19

The Massachusetts Democrat said the agency could have used existing statutory authority to object to the bank’s appointment of now-departed CEO Tim Sloan.

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Deposit costs weigh on Signature Bank

04/17/19

CEO Joseph DePaolo lamented the tough funding environment after the New York bank said deposit costs jumped 90% in the first quarter. Signature was the second bank Wednesday to report a drag on profits from funding costs.

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Why Goldman Sachs raised $22M for 'no code' tech firm Unqork

04/17/19

The bank has funded and deployed the company's software, which can be used to quickly bring new products to market and reduce the need for programmers and other expenses.

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Kraninger outlines her vision for a revamped CFPB

04/17/19

In her first policy speech since being confirmed as the agency's director, Kathy Kraninger promised less focus on enforcement actions and more emphasis on consumer education.

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U.S. Bancorp chief downplays interest in M&A

04/17/19

Asked whether the BB&T-SunTrust deal had sparked a desire to pursue deals, Andy Cecere emphasized a focus on digital upgrades and opening branches in new markets.

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'I know it’s disappointing,' BNY Mellon chief says of 1Q

04/17/19

Bank of New York Mellon's clients shifted more of their deposits to higher-rate products. It was one of several trends that hurt the custody bank's bottom line.

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