BankThink

Fannie-Freddie a top focus if Democrats win house, Waters says

07/25/18

Rep. Maxine Waters said fixing Fannie Mae and Freddie Mac would top her list of priorities if Democrats take control of the House in this year's midterm elections and she becomes leader of the Financial Services Committee next year.

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Prosperity overcomes 9% rise in expenses

07/25/18

Prosperity Bancshares in Houston said that its earnings increased 19% from a year earlier as its efficiency ratio rose.

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New York Community pays up for deposits, and bottom line suffers

07/25/18

The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution.

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Summit in W.Va. to buy neighboring Peoples Bankshares

07/25/18

The $26 million acquisition will allow Summit to enter two new counties in its home state.

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Provision for loan losses plummets at Santander Consumer

07/25/18

That improvement and loan growth made up for a lower margin in a more profitable second quarter, but the loan growth relied heavily on the subprime lender's partnership with Fiat Chrysler that could be ending.

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Banks need to brace for Trump’s tariffs

07/25/18

Now’s the time for banks to consider how the country’s trade war could hit their bottom lines.

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KeyCorp exec bolts for Toyota

07/25/18

Vipin Gupta, who was chief information officer at Key Community Bank, will oversee strategy for information technology at Toyota Financial Services.

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Bitcoin bounces back; Southern community banks merge

07/25/18

The digital currency’s price has rebounded to over $8,000 as a new ETF is in the works; three deals may indicate a resurgence of small bank M&A.

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Pot banking regtech is ready for its moment

07/24/18

Several firms are touting tools to help financial institutions bank legal marijuana-related businesses, an industry expected to yield $10 billion in retail sales this year.

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House Financial Services panel advances fintech, housing bills

07/24/18

Lawmakers approved legislation to enable coordination between state and federal regulators on examining banks' third-party vendor relationships.

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