BankThink

Ex-CEO whose bank hid drug cash is said to face criminal probe

05/10/18

A river of drug-cartel money flowed through the U.S. arm of Dutch banking giant Rabobank, and now federal investigators are pursuing criminal cases against former senior executives for allegedly covering it up.

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'Pay with Wells Fargo' tool added to bank’s mobile app

05/10/18

Wells Fargo is adding a new tool to make its mobile app easier to use as the bank tries to keep Silicon Valley innovators from stealing more customers.

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Dear Congress: Don’t repeat Dodd-Frank’s mistakes

05/10/18

A federal appeals court overturned part of the 2010 law’s risk retention rule earlier this year. The legal battle highlights mistakes to be avoided during the next reform fight.

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Another black eye for Wells; Visa female execs to meet with CEO

05/10/18

The bank said it kept fee rebates that should have gone to a small pension fund; some women say the company “bro” culture hinders their advancement.

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RBS agrees to pay $4.9 billion to settle U.S. mortgage probe

05/09/18

Royal Bank of Scotland said it reached a tentative agreement to pay a $4.9 billion penalty to resolve a long-running U.S. probe into its packaging and sale of mortgage-backed securities before the 2008 financial crisis.

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8 insights in the latest HMDA data

05/09/18

From falling originations to market share shifts for nonbanks and government loans, here's a look at key findings from the just-released 2017 Home Mortgage Disclosure Act data.

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Green Dot's mobile growth distances it from its prepaid reputation

05/09/18

The prepaid card issuer is attracting customers who are more inclined to seek it out through the app store.

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HSBC offers Face ID to corporate clients

05/09/18

The move is part of a larger trend to provide enterprise customers with tech capabilities available to retail customers.

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Wells Fargo owes California mortgage bankers $97M for rest breaks

05/09/18

Wells Fargo must pay $97 million to home mortgage consultants and private mortgage bankers in California who didn't get the breaks they were entitled to under the state's stringent labor laws.

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JPMorgan recruits top academic for AI efforts

05/09/18

Manuela Veloso, head of the machine learning department at Carnegie Mellon University, will join the bank in July.

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