BankThink

Big shift in store for Walmart's largest banking partner

07/09/18

Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change.

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Denver bank becomes latest institution to go public

07/09/18

First Western Financial in Denver could use the roughly $31 million it is hoping to raise to pay off debt and redeem preferred shares.

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How one wellness program begat another at Fifth Third

07/09/18

After the Cincinnati bank started a personal assistant service for new mothers, it learned new parents needed help with budgeting, and that motivated it to team up with a Goldman Sachs firm to establish a financial wellness program for all its employees.

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More white knuckles for lenders as flood insurance deadline approaches

07/09/18

Once again, congressional inaction on reauthorizing the National Flood Insurance Program is prompting concerns about what a lapse in coverage could mean for loan closings.

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Group plans new bank in Washington

07/09/18

VisionBank is the second de novo effort that would focus on the nation's capital.

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CFPB challenger quits; NYSE tech chief joins digital exchange

07/09/18

Leandra English said she plans to leave the agency and drop a lawsuit that sought to install her as director of the consumer agency; the stock exchange’s CTO is joining the Winklevoss twins’ Gemini firm.

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Banking could use more leaders with STEM skills

07/09/18

The rise of AI, high-frequency trading and other complex activities is all the more reason for policymakers and financial executives to sharpen their understanding of science, technology, engineering and math.

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Small banks are told they are targets for launderers

07/09/18

A money-laundering scandal at Denmark's largest bank has prompted increased regulatory scrutiny at larger banks, so criminals may try to filter dirty money at smaller institutions, a regulator warned.

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Bankroller of California privacy law warns opponents will gut it

07/09/18

Echoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.

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Manafort mortgage bought bank CEO spot as Trump adviser: prosecutors

07/07/18

A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort.

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