BankThink

BNY Mellon ditches many actively managed funds in favor of ETFs

06/13/18

The bank's head of investment management said Wednesday that his unit has eliminated dozens of high-cost funds over the last two years and replaced them with more passive investment vehicles.

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Federal judge rejects CFPB's effort to halt payday rule

06/13/18

Acting CFPB Director Mick Mulvaney had sided with two industry trade groups that sued the CFPB in April to invalidate the tough restrictions.

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It’s time to modernize the Bank Secrecy Act

06/13/18

Republican congressmen Blaine Luetkemeyer and Steve Pearce say their new legislation would update anti-money-laundering and counterterrorism requirements for small financial institutions.

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Issa emerges as new name for CFPB chief

06/13/18

Rep. Darrell Issa, the Republican lawmaker from California, is among the candidates who have been discussed as President Donald Trump gets closer to naming someone to run the Consumer Financial Protection Bureau, according to people familiar with the matter.

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Minority stake sets stage for potential acquisition in Minnesota

06/13/18

Park Financial has agreed to buy shares from one of the founders of Mesaba Bancshares.

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SIFIs slip; B of A Merrill settles securities charges

06/13/18

Almost half of systemically important financial institutions are trading in bear territory; bank is accused of overcharging customers for mortgage-backed securities.

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Southern Missouri Bancorp makes small deal in its home turf

06/13/18

The company will gain 10 branches and $145 million in loans after it buys Gideon Bancshares.

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Midwest shopping spree continues for Equity in Kansas

06/13/18

The company, which has completed eight acquisitions since 2015, agreed to buy City Bank and Trust in Oklahoma.

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First Mid-Illinois to boost fee income with SCB Bancorp acquisition

06/12/18

Nearly a third of the company's revenue will come from noninterest income after it buys SCB, which owns a large insurance and farmland management business.

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Data aggregator MX hires Bain exec as COO

06/12/18

Veteran venture capitalist Ben Holzman is joining the data aggregator as its new chief operating officer.

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