BankThink

Cain lacks GOP support for Fed seat if Democratic foes unite

04/11/19

A fourth Senate Republican said he'd vote against businessman Herman Cain joining the Federal Reserve Board, all but sinking any chances that he'd get through the confirmation process if Democrats stay united in their opposition.

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Pot banking reform gets a boost from Barr endorsement

04/11/19

The attorney general told lawmakers that exempting states that have legalized marijuana from the federal ban is better than the current system where state and federal laws are in conflict.

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Hensarling to join UBS as executive vice chairman

04/11/19

The former lawmaker joins the Swiss bank after years of pushing for bank deregulation as chairman of the House Financial Services Committee.

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Lawmakers, lenders aren't buying SBA's argument for higher loan fees

04/11/19

The chairwoman of the House Small Business Committee promised to block action on the agency's budget unless it can justify its fee-hike request.

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Why are policymakers so afraid of the word 'deregulation'?

04/11/19

Regulators and lawmakers go to great lengths to avoid using the term for reforms in the Trump era, but its meaning is consistent with recent steps to revise and clarify the post-crisis regime.

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Gen Z Americans already saving to buy homes before they turn 30

04/11/19

Fifty-nine percent of Americans between the ages of 18 and 23 want to buy a house in the next five years, and more than half have already started saving for one, according to a survey by Bank of America.

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Getting pot banking legislation right

04/11/19

The House Financial Services Committee recently approved protections for banks financing cannabis companies in states where it’s legal. This a good first step, but improvements are needed.

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CEO of tiny California bank makes twice as much as Jamie Dimon

04/11/19

Chief executives of Wall Street's largest banks were awarded record pay packages last year as profits soared. Nearly 2,500 miles away, the CEO of a little-known online lender, born at the height of the dot-com bubble, quietly outearned them all.

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Citigroup President Jamie Forese to depart, Ybarra promoted

04/11/19

Jamie Forese, long considered the potential successor to Citigroup Chief Executive Officer Michael Corbat, is departing after 34 years at the firm.

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Small banks’ tech discontent; Preparing for the end of Libor

04/11/19

Small banks rise up against “onerous contracts and sometimes mediocre digital offerings”; Quarles warns banks to speed up preparations for Libor sunset.

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