BankThink

Pro-market groups come out swinging in support of credit unions

05/23/18

A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions.

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Virginia bank winding down mortgage unit after striking deal with Chicago thrift

05/23/18

Union Bankshares has reached an agreement under which Federal Savings Bank will originate mortgages in its branches.

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Fannie-Freddie overhaul plan is dead for this year, senators say

05/23/18

Republican Bob Corker of Tennessee and Democrat Mark Warner of Virginia are acknowledging the legislative efforts to end government control of Fannie Mae and Freddie Mac are dead, at least for now.

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OCC gives banks green light to compete with payday lenders

05/23/18

The agency's bulletin opens the door to banks' making more short-term loans to borrowers with lower credit scores — with few parameters beyond "sound underwriting."

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CIBC reins in mortgage lending after years of torrid growth

05/23/18

The Toronto bank is making good on its promise to reduce its exposure to Canada's softening housing market.

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Are women bankers doing enough to elevate each other to the C-suite?

05/23/18

Senior executives from Barclays, Bank of America and other big banks urged women to aim high, take chances on challenging jobs and — perhaps most important — provide support to other high-performing female colleagues instead of viewing them as a threat.

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DOJ's effort to stop 'piling on' banks a good first step

05/23/18

The Justice Department announced this month that it would seek to reduce duplicative penalties against banks, although more reforms are needed to rein in other agencies.

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Timberland in Wash. expands near Seattle with South Sound purchase

05/23/18

The planned acquisition will add $187 million in assets in the Puget Sound area.

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German American to enter three Ky. markets with First Security deal

05/23/18

The Indiana company agreed to pay $101 million for the $586 million-asset First Security.

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House passes bank reform; banks posted record net income in Q1

05/23/18

The bill heads to President Trump for signing; U.S. banks earned an aggregate $56 billion in the quarter, including a boost from tax reform.

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