BankThink

Renasant takes big leap in Atlanta with $453M acquisition

03/29/18

The Mississippi company will gain nearly $2 billion in loans after it buys Brand Group Holdings.

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Amazon’s next challenge: Teens without cards, checking accounts

03/29/18

Amazon.com has millennial shoppers nailed down. And their parents. And most of their grandparents. But one group of potential customers has eluded the world's biggest internet retailer: teenagers.

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Gunmaker gets loan from JPMorgan, Franklin after others said no

03/29/18

For Remington Outdoor Co., one of the oldest firearms makers in the U.S., not even going bankrupt is easy these days.

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Equifax gets new CEO; CEO Cryan committed to Deutsche Bank

03/29/18

Mark Begor, a former long-time GE Capital executive, faces lots of challenges as the credit bureau recovers; CEO dismisses “widespread rumors” that the bank wants to replace him.

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Two-pronged effort: BofA beefs up robo investing, will add 300 advisers

03/29/18

The bank is providing Merrill Edge's do-it-yourself clients with more automated stock and portfolio research, but it plans to hire more financial representatives for those who want in-person advice in branches.

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Larry Summers to step down from LendingClub's board

03/28/18

No reason was given for his exit by the Silicon Valley lender, which named another prominent economist, Susan Athey of Stanford, to its board of directors.

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Rising compliance costs are hurting customers, banks say

03/28/18

A majority of midsize and large banks complain that red tape is mounting and that they are passing on higher regulatory costs to customers and have less flexibility in designing products, according to a new survey by the RMA.

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CFPB seeks comment on guidance process as part of Mulvaney review

03/28/18

The new request for information is the 10th in the series that is part of acting Director Mick Mulvaney’s “call for evidence” to assess the CFPB’s overall effectiveness.

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Deutsche Bank said to weigh trading cuts as CEO vows to stay on

03/28/18

Deutsche Bank is said to be conducting a fresh review of its trading businesses, an overhaul that CEO John Cryan is pursuing to help restore profitability amid reports that the bank is seeking to replace him.

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FDIC fines N.J. bank, affiliate over debt settlement loans

03/28/18

The agency said Cross River Bank and an affiliated debt settlement company misled customers into thinking a debt consolidation program would settle their debts and boost their creditworthiness.

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