BankThink

What's behind OCC’s public rebuke of Wells Fargo?

03/15/19

Federal regulators normally hesitate even to name specific institutions, but the Office of the Comptroller of the Currency appears to be taking a different tack with Wells.

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HSBC urges staff to speak up on incidents after misconduct case

03/15/19

HSBC's new head of global markets is encouraging a speak-up culture, months after his predecessor left the bank amid a misconduct claim from a junior female employee.

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Wells Fargo's other post-scandal problem: Less-productive staff

03/15/19

Wells Fargo's leaders have repeatedly assured the public its aggressive sales culture is gone after quotas led workers to foist unwanted products on clients. Now another problem is festering: low productivity.

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State regulators should take the lead on data privacy: CSBS

03/15/19

The Conference of State Bank Supervisors urged Sens. Mike Crapo and Sherrod Brown to establish a baseline for consumer protection in data privacy and security that would leave room for stricter state rules.

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Crapo planning two days of Senate Banking hearings on GSE reform

03/15/19

The Senate Banking Committee will hold two hearings at the end of March on Chairman Mike Crapo’s most recent framework for housing finance reform.

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Banks have even less room for error with bad behavior

03/15/19

With regulators and policymakers studying their every move, financial institutions need to put more focus on preventing mistakes in the first place.

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Heritage Commerce discloses CRE exposure to energy firm's bankruptcy

03/15/19

The California banking company has two loans tied to DC Solar that are on nonaccrual status.

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Goldman’s layoffs; Moynihan talks digital banking

03/15/19

The 65 people laid off in late February is only the beginning, report says; Bank of America CEO also tackles mortgages, the economy and gender issues.

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‘The mere staffing of CFPB is a waste of money': Comments of the week

03/14/19

Readers debate the merits of activist pressure on bank business, discuss the Trump administration's influence on the CFPB, consider Wells Fargo CEO Tim Sloan's performance before Congress and more.

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Fintechs try wooing banks back to construction lending

03/14/19

Software startups say bringing borrowers, builders and lenders onto one digital platform can remove some of the risks lenders faced during the crisis.

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