BankThink

'Stop hiring people with banking experience'

06/15/18

To be future-proof, banks need data scientists, behavioral psychologists, experienced designers, and community advocates, King says.

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Ransomware is taking a toll on banks. Here’s how they’re fighting back

06/15/18

Of all the types of malicious software targeting businesses, ransomware continues to be one of the most pervasive, according to recent studies. Here's an overview of the things banks, especially small ones, are doing to stop it.

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Community Trust creates $5M reserve to reimburse clients for deposit add-ons

06/15/18

The company, which was flagged for two products, has been working with its regulators to determine the right amount to set aside.

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Carolina Trust continues N.C. consolidation wave with Clover deal

06/15/18

The acquisition will help Carolina Trust expand its operations around Charlotte.

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CIBC reaches for more as U.S. banking push starts paying off

06/15/18

The Canadian company's ambitions include opening a commercial banking office in Dallas and beefing up lending to the technology, construction engineering and the health care sectors.

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Will states fill the CFPB enforcement void?

06/15/18

The new chair of the Conference of State Bank Supervisors argues that state regulators will keep protecting consumers if the CFPB curtails oversight.

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Fed sets bank exposure caps; Equifax hires IBM AI expert

06/15/18

Largest banks would be limited on how much risk they could have with each other; the credit bureau has hired the former head of the computer giant's Watson unit.

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'Bye, Felicia': Comments of the week

06/15/18

Readers respond to a bill designed to modernize the anti-money-laundering rules, applaud the acting head of the CFPB’s decision to fire the members of the bureau’s advisory councils, opine on when a bank ought to communicate it has been hacked and more.

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Goodbye, nonbank SIFIs. We hardly knew you

06/14/18

The conversation about financial policy in Washington has moved past designations of giant firms.

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Number of black bankers at JPMorgan drops for 6th straight year

06/14/18

Even with the decline, the nation's largest bank still employs a higher percentage of black employees in the U.S. than its rivals.

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