BankThink

Will small regionals copy Cullen/Frost's expansion plan?

10/25/18

Big banks have plans to open hundreds of branches in new markets to add deposits, but smaller regionals have largely sought to hold the line on costs. Cullen/Frost Bankers' decision to double its branch count in Houston may be a sign that midsize banks are rethinking their retail strategy.

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Banking needs a ‘Schumer box’ for data sharing

10/25/18

Policymakers have called for streamlined disclosures for customers granting third parties access to their financial account data. They don’t have to look far for a potential solution.

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SBA scrapping plan to back disaster loans by banks

10/25/18

The agency says lenders lacked the risk appetite, while bankers point to concerns over turnaround times and strict loan terms.

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Wells Fargo execs said to get OCC letters before leave

10/25/18

Hope Hardison, the chief administrative officer, and David Julian, the chief auditor, were placed on leave Wednesday after they received the letters, which indicated the comptroller's office plans to pursue sanctions againts them, a source says.

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Can bank-issued prepaid cards appeal to U.S. crypto market?

10/25/18

One U.K. fintech hopes its cryptocurrency-based prepaid debit card will gain traction with bitcoin and ether enthusiasts here.

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Miami bank forms foundation to aid low- and moderate-income homebuyers

10/25/18

City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing.

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Deposit surge highlights strong 3Q for Ally Financial

10/25/18

Deposits topped $100 billion during the quarter while profits climbed 34% thanks to higher loan yields and lower taxes.

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State regulators refile suit to block OCC's fintech charter

10/25/18

State regulators have once again sued the OCC, arguing it lacks legal authority to offer a federal fintech banking charter.

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The problems with crypto’s revolving door

10/25/18

Several former policymakers have joined virtual currency firms as directors or advisers, but the trend carries risks for officials and consumers alike if these companies stumble.

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Volcker praises Powell as Fed chairman faces attacks from Trump

10/25/18

Legendary former central banker Paul Volcker praised Jerome Powell as the current Federal Reserve chairman faces fire from President Donald Trump for raising interest rates.

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