BankThink

Sick of the old boys’ club? Start your own bank

05/16/18

Women frustrated with limited opportunities for advancement and problems with sexual harassment should consider creating their own financial institutions tailored to the needs of female consumers.

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Digital currency startup soars; Volcker Rule changes proposed

05/16/18

Circle Internet Financial says it is now worth $3 billion following latest funding round; proposed changes would give banks more leeway to make some trades.

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Opportunity or threat? How AI will change banking

05/15/18

Bank executives embrace the idea of artificial intelligence and say it will create jobs, while analysts say it will reduce jobs. Employees are anxious about AI but willing to try to work with it. All agree AI is already making an impact.

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SVB is riding the tech wave to record profits. Can it last?

05/15/18

Equity warrants. Capital calls. Off-balance-sheet accounts. SVB's unusual business model thrives on financing rainmakers and cutting-edge firms, but old-school issues like overconcentration, unpredictable fee income and stock market swings lurk in the background.

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House reg relief vote now in sight

05/15/18

After months of delay, the House is planning to vote on legislation next week that would amend the Dodd-Frank Act.

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Trump taps ex-Corker aide as head of Ginnie Mae

05/15/18

President Trump has nominated Michael Bright, the current acting president and chief operating officer of Ginnie Mae, to head the agency full time.

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Mulvaney vows to 'bring sanity' to Qualified Mortgage rule

05/15/18

Acting CFPB Director Mick Mulvaney suggested that digital mortgages should be held to different standards than ones originated by credit unions and banks.

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Tension escalates at annual meetings as banks wade into social issues

05/15/18

During JPMorgan Chase's shareholder meeting Tuesday, Chairman and CEO Jamie Dimon faced criticism from the left and right about its investments in companies with ties to genocide and a donation it made to a well-known civil rights group. It's a spot other CEOs have found themselves in lately.

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Fed picks vow independence, but regulatory views remain unclear

05/15/18

A pair of nominees to the Federal Reserve Board vowed Tuesday to protect the independence of the agency if confirmed, but avoided taking hard stances on pending regulatory issues.

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Evans Bancorp in N.Y. buying another insurance agency

05/15/18

RIchardson & Stout, which is based in western New York, is the 16th insurance business that Evans has bought or agreed to buy.

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