BankThink

Bill to ease AML requirements stalls over shell-company rules

06/14/18

The legislation unveiled this week left out a requirement — included in an earlier version — for new companies to report their true owners.

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Unused credit lines pile up on banks' books

06/14/18

With plenty of cash on hand, many commercial firms have had little need to tap existing credit lines.

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Jail time for two former bankers in fraud case

06/14/18

Dan Heine and Diana Yates were accused of hiding Bank of Oswego's condition by inaccurately reporting bad loans.

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How lattes and AI fit together at Capital One

06/14/18

Opening internet cafes and investing in new technology are part of an effort to provide nimble, efficient services, the bank's CFO said in a strategy talk.

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Mulvaney may cut off public access to CFPB complaints. Ex-AG says not so fast

06/14/18

Marc Dann, a former Ohio attorney general, has a plan to publicly maintain the CFPB's consumer complaint database if acting Director Mick Mulvaney shuts it down.

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Fed finalizes rule limiting banks' exposure to single trading partner

06/14/18

The rule hews closely to a 2016 proposal but the central bank made a notable change to reflect a higher threshold for banks considered "systemically important."

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TIAA streamlines retail, institutional client units

06/14/18

TIAA has recruited Lori Fouché to serve as CEO of retail and institutional financial services.

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Ether is not a security, top SEC official says

06/14/18

It’s possible for a cryptocurrency to begin as a security and then transform into another type of asset, said William Hinman, who heads the regulator's division of corporation finance.

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Otting’s ‘discrimination’ comment is blow to CRA efforts: Senate Dems

06/14/18

The OCC chief’s bizarre statements in House testimony produced shock waves that reached the Senate Banking Committee Thursday.

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SunTrust to take its senior housing business national

06/14/18

The Atlanta bank has financed construction and other activities tied to nursing homes and related facilities mainly in its East Coast markets. It says the timing is good to tap into demand elsewhere in the country.

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