BankThink

Citi CFO to retire; Dutch bank hit with big AML fine

09/05/18

John Gerspach is scheduled to leave next March after 10 years and be succeeded by Mark Mason; ING will pay nearly $900 million for failing to stop money laundering by clients.

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How the 'Best Banks' handle the wrath of Mother Nature

09/04/18

Every year communities are hit by hurricanes, earthquakes, tornadoes and other disasters. These banks have found novel ways to take care of customers and employees in those emergencies.

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Morgan Stanley recruits Betterment exec to beef up digital strategy

09/04/18

To keep pace with its peers, Morgan Stanley is ramping up its online offerings in banking and wealth management.

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For Santander’s U.S. unit, even having a growth plan is an achievement

09/04/18

Scott Powell, the CEO of Santander Holdings USA, has spent years contending with a host of regulatory problems. He outlined a long-range vision that includes a branch-focused retail push and possible acquisitions.

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Fee income spurs nonbank acquisition for Heartland in Ohio

09/04/18

The Ohio company agreed to buy TransCounty Title Agency, which has five offices around Columbus.

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Would CFPB nominee hamstring the agency by slashing its budget?

09/04/18

Kathy Kraninger has been tight-lipped about her plans for the consumer bureau, but some point to signs that she could curb the agency's power by reducing staff and other costs.

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FDIC veterans promoted to key leadership roles

09/04/18

The appointments are on top of other recent personnel changes under Chairman Jelena McWilliams, who took the reins of the agency in June.

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Citi CFO Gerspach to depart as Corbat reshapes team

09/04/18

Three longtime Citigroup executives, including Chief Financial Officer John Gerspach, are stepping down as the bank realigns its top management.

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Varo Money's bank charter application gets conditional OCC approval

09/04/18

The OCC required the company to raise more capital and complete a CRA plan. Varo Bank still needs FDIC and Fed approval before opening.

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How a VC views the bank-fintech battle (hint: banks are losing)

09/04/18

Minal Hasan, a lawyer turned prominent fintech venture capitalist, has strong views on founder dramas, cryptocurrency, and why banks need to step up their technology game.

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