BankThink

House Dems call to subpoena Chicago banker linked to Russia probe

03/28/18

Two Democrats on the House Oversight Committee asked the panel's Republican chairman to issue a subpoena for documents related to Stephen Calk, whose bank made loans to former Trump campaign manager Paul Manafort.

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Equifax names Warburg Pincus exec as CEO in wake of data breach

03/28/18

The hiring of Mark Begor comes as the credit bureau has been shuffling its top managers since disclosing last year that hackers were able to access the personal data of 145.5 million U.S. consumers.

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Petal, WebBank to launch card for 'credit invisibles'

03/28/18

The fintech is partnering with WebBank to offer a normal-rate, unsecured credit card for people with no credit or a thin file. Petal will consider how much money consumers make, the bills they pay on a monthly basis, and trends in volatility in their income and expenses.

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Instead of dreading Amazon, try emulating it

03/28/18

Traditional financial institutions would gain from adopting the innovative, consumer-focused mindset Amazon promotes. Hiring executives away from the e-commerce giant could help.

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Housing bubble or not, the real estate market is in trouble

03/28/18

Despite soaring home prices, other factors needed to inflate a housing bubble are absent from the real estate market. But experts warn falling home values and rising mortgage defaults are inevitable, even if conditions naturally cool off.

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Warren questions Williams’ fit at N.Y. Fed; U.S. banks’ big U.K. pay gaps

03/28/18

Senator is concerned about the San Francisco Fed chief’s track record; the gaps at three big banks are among the largest.

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A #MeToo backlash is brewing in banking

03/27/18

Optimism that the #MeToo movement will have a positive influence is high among bankers who participated in a recent survey on sexual harassment. But there is also concern that it could lead to gender discrimination in hiring and mentoring.

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Grave situation: How one bank is helping cemeteries get loans

03/27/18

Live Oak Bancshares took two years developing a loan for cemetery operators, a group that faces challenges with financing for property improvements.

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Online lender Upstart is said to seek $100 million from investors

03/27/18

Even as many venture capitalists retreat from the online lending industry, Upstart Network is hoping to find investors still willing to bet on the business.

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Farmers & Merchants in Calif. to buy like-minded ag lender

03/27/18

The company has agreed to acquire Bank of Rio Vista to expand its operations in central California.

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