BankThink

The big ‘if’ confronting BofA’s Moynihan and other CEOs

04/16/19

Bank of America's Brian Moynihan had a lot to brag about in discussing 1Q results but faced questions about what he would do if economic growth slows and rates hold steady for a prolonged period. Other bank chief executives have gotten, or will get, similar questions this earnings season.

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Will White House memo be a roadblock for reg relief?

04/16/19

The administration’s move seems aimed at cutting down on regulation. But broader reviews by the White House under the Congressional Review Act could hinder rules the industry supports.

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Why PacWest's profit fell in 1Q

04/16/19

The Los Angeles bank reported a 5% decline in net income despite strong loan growth as deposit costs rose and fee income fell.

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Comerica offers Plan B after deposit decline

04/16/19

The Dallas regional assured analysts that it has ample sources of liquidity to fund its expected loan growth.

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Senior HUD official named FHFA deputy director

04/16/19

Adolfo Marzol, who has served as an adviser to HUD Secretary Ben Carson, will now report to the new director of the Federal Housing Finance Agency.

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CFPB has too much flexibility in assessing fines

04/16/19

The bureau should adopt a clear, consistent framework for determining civil money penalties against financial firms.

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House Democrats subpoena Deutsche Bank, others amid Trump probe

04/16/19

Congressional Democrats issued subpoenas to Deutsche Bank and other banks to obtain long-sought documents indicating whether foreign nations tried to influence U.S. politics.

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Weak revenue growth underlies bank profits; another Libor alternative

04/16/19

Citi, Goldman, BofA earnings rose despite flat revenues; benchmark would be based on rates set on the American Financial Exchange.

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Bank of America leaned on retail lending for 5.7% profit growth in 1Q

04/16/19

Net interest income at the bank's consumer unit rose nearly 10%. But first quarter could be the last hurrah for that catalyst at BofA and other banks as the Fed pauses its rate-tightening cycle.

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'We're probably in a crisis already': Retirement in America

04/16/19

Karen Andres at the Center for Financial Services Innovation talks about the financial problems of people over 50 and how banks can help.

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