BankThink

State Street says it's laying off 1,500 workers to cut costs

01/18/19

State Street Corp. said it’s laying off 1,500 staff as part of a plan to reduce costs.

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Oklahoma bank set to debut new brand

01/18/19

Valley National will reinvent itself as Vast Bank over the next few months. The move is part of an effort to attract younger customers.

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Bank OZK rebounds, emphasizes focus on credit quality

01/18/19

A spike in charge-offs in the prior quarter stoked concerns about commercial real estate exposure.

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JPM merging payments units; Brit banks worried about consumer lending

01/18/19

The units that handle small business payments and the one for larger firms will be combined; survey shows U.K. consumers may shun loans.

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Bad for business? Weighing shutdown’s impact on commercial loans

01/18/19

Credit union and bank executives say the federal work stoppage hasn’t hit business lines yet, but that could change if things drag on much longer.

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People’s United buys tech finance firm

01/18/19

The acquisition of VAR Technology Finance bolsters the bank's efforts to expand into new areas of lending.

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'He let the gas out of her bloated, unruly lawsuit machine': Comments of the week

01/18/19

Readers react to Sen. Elizabeth Warren's investigation into former acting Consumer Financial Protection Bureau Director Mick Mulvaney's job talks, weigh Rep. Alexandria Ocasio-Cortez's potential impact on the Financial Services Committee, consider the future of cryptocurrency and more.

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Barr eases pot banking concerns, but banks still in limbo

01/18/19

Attorney General-nominee William Barr signaled this week he was not likely to crack down on financial institutions serving pot businesses, but even if he is confirmed and sticks with his assurance, the situation is far from resolved

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Will Square's banking ambitions be curbed by Fiserv-First Data?

01/18/19

The head of Fiserv hinted that it will pitch the point-of-sale platform Clover, which it would get in the First Data deal, to community banks as a way to defend their small-business market share from Square.

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Jamie Dimon gets 5% pay hike after JPMorgan's record year

01/17/19

Dimon’s pay package included $24.5 million of restricted stock tied to performance, an annual base salary of $1.5 million and a $5 million cash bonus.

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