BankThink

'Banks controlled by politicians. What could go wrong?': Comments of the week

11/21/18

Readers react to trends in public banking, weigh potential changes for brokered deposits, consider oversight of foreign banks and more.

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Mia Love, a House banking panel member, loses seat

11/21/18

Love, a member of the House Financial Services Committee, was the only Republican member of the Congressional Black Caucus.

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Fintech MyBucks brings banking to African refugee camp

11/21/18

MyBucks and its subsidiary, New Finance Bank, have opened 4,200 digital banking accounts and provided 72 loans at a Malawi branch said to be the first of its kind in a refugee camp.

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Chase to bring offers to Chase Pay app

11/21/18

Chase is planning to enable users of the Chase Pay app to receive and redeem custom offers from merchants, in addition to the ability to find offers from more than 150 merchants through the Chase Mobile app.

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Goldman, JPMorgan still betting on five Fed hikes by end of 2019

11/21/18

If the predictions prove correct, the benchmark rate would reach 3.50% by the end of next year.

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Outdated brokered deposit rules need a revamp

11/21/18

Decades-old measures designed to rein in risky lenders are now preventing healthy banks from tapping crucial sources of funds.

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Will Q3 profits kill reg relief?; Protecting elderly depositors

11/21/18

Record bank profits could make it tougher to get more regulatory relief; banks monitoring older clients’ mental health.

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Is blockchain the most over-hyped technology in history?

11/21/18

Ron Quaranta and Steve Ehrlich with the Wall Street Blockchain Alliance share what’s working and what’s not with financial services blockchain projects.

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Tax cuts, de novos and gridlock: What bankers can be thankful for this year

11/21/18

There is a surprising amount of pessimism in the air among bankers, including fears of another recession and House Democratic activism. But there are lots of reasons financial institutions should be feeling good.

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Why this bank turns its branches into classrooms

11/20/18

It started with financial literacy classes, but now Chelsea Groton Bank in Connecticut is offering crafts and other so-called lifestyle courses, all in an effort to connect with the public and drive traffic to its branches.

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