BankThink

Will FDIC keep protecting failed banks’ uninsured deposits?

02/14/19

Since the collapse of IndyMac in 2008, the agency has frequently helped to shield depositors over the $250,000 insurance limit from losses. But it’s a policy that was never formalized, and it remains to be seen whether the agency’s new head, Jelena McWilliams, will follow it.

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JPMorgan to use cryptocurrency for corporate-payments business

02/14/19

JPMorgan Chase successfully tested a cryptocurrency it plans to use in trials for clients of its wholesale-payments business. Dubbed JPM Coin, it's based on blockchain technology, the bank said Thursday in a presentation on its website.

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Speedier bank mergers; a new take on the Equifax hack

02/14/19

The time regulators take to decide on prospective deals has dropped sharply; a report says the cyberthieves were looking for info to help recruit spies.

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CommonBond gets $750 million in lending funds from top banks

02/14/19

Barclays, BMO, Citibank, Goldman Sachs and ING contributed to the online student lender, which last year made over $1 billion in loans.

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North Carolina de novo receives FDIC approval

02/13/19

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.

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Balance-sheet pressures weigh heavily on community lenders

02/13/19

Banks and credit unions are experimenting with ways to maximize margins in an environment where the yield curve is flat, depositors want them to pay up and they fear the Fed could actually cut rates.

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Thorn in banks’ side pushes for disclosure of raw pay-gap numbers

02/13/19

Arjuna Capital is filing shareholder proposals with 11 financial and tech companies to uncover median gender pay gaps, which it said would determine if more women are concentrated in lower-paying jobs.

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5 pros and cons of Ellie Mae going private

02/13/19

The private equity acquisition of fintech vendor Ellie Mae will give it some breathing room in a declining originations market being owned a more patient and strategic investor rather than shareholders as a publicly traded company.

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Pot banking goes to Washington: 3 takeaways

02/13/19

Members of both parties want to make it easier for legal cannabis businesses to access financial services, but myriad obstacles stand in the way of that goal.

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Return of the barbell? How BB&T-SunTrust threatens banking's middle tier

02/13/19

The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between.

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