BankThink

EBay founder's new venture fund seeks fintechs with social conscience

03/13/19

Flourish, a fund backed by Pierre and Pam Omidyar, invests in startups that address social and financial inequities yet (key caveat) are still promising moneymakers, a top official of the fund explains.

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Housing finance reform bill coming by 2020: Crapo

03/13/19

In remarks to credit unions, the Senate Banking Committee Chairman said that fixing the government-sponsored enterprises and data security were priorities.

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Trump loan probe casts spotlight on a small New Jersey lender

03/13/19

A new line of inquiry into President Trump's business dealings is thrusting small New Jersey lender Investors Bancorp into a spotlight with Deutsche Bank, which for years has been better known as the real estate mogul's creditor of choice.

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Patriot National won't let reg order stifle its small-business plans

03/13/19

The Connecticut bank, which has been unable to complete a pending deal for an SBA platform, has managed to build the business anyway.

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House bill would require Fincen to work with tribal agencies

03/13/19

The Financial Crimes Enforcement Network voluntarily works with tribal law enforcement on anti-money-laundering and counterterrorism initiatives, but is not currently required to do so by statute.

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City National names new head of private banking in L.A.

03/13/19

Nick Zappia is joining the bank from rival BNY Mellon in what is one of the first key hires of new CEO Kelly Coffey.

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JPMorgan Chase adding dozens of branches in Midwest, Southeast

03/13/19

The nation's largest bank plans to open 90 new branches in new cities this year while continuing its expansion in the Philadelphia, Boston and Washington markets.

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Don’t leave community lenders behind on GSE reform

03/13/19

As debate over the future of the mortgage finance system heats up, policymakers must ensure that small banks and credit unions maintain equitable access to the secondary market.

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BB&T takes on another ambitious project — improving literacy rates

03/13/19

The regional bank, which recently agreed to buy SunTrust, is co-developing a game to help elementary-school kids learn to read.

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Wells Fargo rebuked; Goldman to open fund to outsiders

03/13/19

The OCC says it is “disappointed” with the bank as CEO Tim Sloan gets lambasted on Capitol Hill; Goldman Sachs is letting private investors participate in its in-house special-situations unit.

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