BankThink

'The freaks are coming out of the woodwork': Comments of the week

11/15/18

Readers respond to the burgeoning debate over brokered deposits, consider the Democratic presidential hopefuls for 2020, weigh the Consumer Financial Protection Bureau's latest regulatory efforts and more.

[more]

Senate one step closer to voting on CFPB nominee

11/15/18

Majority Leader Mitch McConnell filed a motion for cloture on the nomination of Kathy Kraninger to run the agency, setting up a potential vote later this month.

[more]

Regulators offer relief to institutions impacted by California wildfires

11/15/18

Federal and state regulators Thursday offered a slew of regulatory relief measures to banks and credit unions impacted by the disastrous California wildfires.

[more]

Wells Fargo layoffs begin with 1,000 mortgage, tech jobs

11/15/18

Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.

[more]

A fintech’s bait for banking’s big fish

11/15/18

Self Lender is launching a secured credit card next year in the hopes of attracting big-bank partners that can use it to comply with the Community Reinvestment Act.

[more]

To keep millennial employees in fold, BOK offers them new path

11/15/18

The bank has long had a program in place to train new employees, but now it’s testing a pilot to help retrain existing staff for different careers at the institution.

[more]

Bowman confirmed as Fed board's community bank representative

11/15/18

The Senate's approval of the Kansas banking commissioner leaves the board with two remaining seats to fill as the administration's nominees for the vacancies await votes.

[more]

BankFirst to buy FNB Bancshares in Alabama

11/15/18

The Mississippi company will have 22 branches and more than $1 billion in assets when the deal is completed.

[more]

Quarles gets earful (again) on Fed's reg relief efforts

11/15/18

In his second straight day of congressional testimony, the central bank’s top regulatory official was put on the defensive about a pending proposal to relieve regional banks from the toughest supervisory requirements.

[more]

Nonbanks' rapid growth poses risks to industry: FDIC's McWilliams

11/15/18

FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system.

[more]