BankThink

Danske Bank may face $630M laundering fine, Danish government says

09/19/18

The comments came on the same day that Denmark’s largest bank announced the resignation of CEO Thomas Borgen and said that as much as $234 billion flowed through its tiny Estonian unit between 2007 and 2015.

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PNC to use Ripple blockchain tech for international payments

09/19/18

The Pittsburgh bank joins Bank of America and other large financial players in a distributed-ledger network that seeks to make global payments in real time.

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Small banks seethe at GAO’s downplaying of reg burden

09/19/18

Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010.

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CFPB chief's meeting with GOP donors may be illegal, Warren says

09/19/18

The Massachusetts senator said a private event where Mick Mulvaney briefed donors about the party’s midterm prospects may violate the Hatch Act.

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JPMorgan forms commercial banking group to focus on startups

09/19/18

The New York company said Wednesday that the new group will provide loans and other services to early-stage, consumer-focused companies.

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ABA ads praise six lawmakers, tell voters to stay engaged on issues

09/19/18

Unlike previous spots produced by the group that just backed candidates, the latest ones reflect a somewhat different approach.

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Students leaving money on table in not using government loans: Report

09/19/18

The report from an advocacy group that focuses on college affordability says that schools need to do a better job of educating students about their eligibility for federal loans, which typically carry lower interest rates than loans from banks and other private-sector lenders.

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Gov. Brown should veto California’s small-business lending bill

09/19/18

The legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities.

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Welcome, overlords. Coffee's down the hall

09/19/18

AI and blockchain technology are going to change the financial services business. How much? Steve Brown, aka "The Bald Futurist" suspects you're underestimating.

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Danske Bank CEO resigns; Visa, Mastercard offer to settle with retailers

09/19/18

The Danish bank found more than $200 billion of suspicious deals at its Estonian branch; merchants can opt out of the deal as another case on network rules continues.

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