BankThink

Bank of the West exec bolts for startup, sees chance 'to redefine retail banking'

08/21/18

Thibault Fulconis recently became CFO of the digital banking venture Varo Money, which has applied for a national bank charter.

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Canadian banks to post profit gains on rising interest rates

08/21/18

Canadian banks will likely report profit gains of as much as 10% in the third quarter as four rate increases by the Bank of Canada make consumer and commercial loans more profitable.

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Hanmi tweaks offer for Houston bank

08/21/18

Hanmi Financial in Los Angeles will pay more of the deal price in cash, prompting SWNB Bancorp to postpone its shareholder vote.

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Don't let that data you're sitting on go to waste

08/21/18

To compete with fintech startups, banks need to find more ways to use the mountains of data already at their disposal.

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Race to the bottom? Nonbanks ease standards to compete for 'super' jumbos

08/21/18

New investor appetite for mortgages over $1 million is motivating more nonbank lenders to offer super jumbo loans, often with weaker credit terms than traditional banks.

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Wells closes pro-pot pol’s account; impact of crytocurrency crash

08/21/18

The bank said the candidate planned to accept money from the medical marijuana industry; the crash in digital currency prices’ long-term consequences.

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Banks network to flag human traffickers

08/20/18

Bank of America and several other large U.S. financial services companies, as part an effort organized by the Thomson Reuters Foundation and Western Union, have published resources to help smaller banks spot signs of forced labor and kidnapping.

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SEC forces cities to reveal bank loans with holdings surging

08/20/18

The Securities and Exchange Commission moved to require states and local governments to disclose bank loans and privately placed debt, seeking to address concerns that bondholders are being left in the dark about a fast-growing segment of public finance.

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Can state AGs really serve as 'mini-CFPBs'?

08/20/18

Several states pledged to compensate for a slowdown in enforcement at the Consumer Financial Protection Bureau under Mick Mulvaney, but their efforts have been complicated by tight budgets and doubts over whether such initiatives are necessary.

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Pro-pot Florida candidate says Wells Fargo shut her account

08/20/18

A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. financial system.

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