BankThink

Prosper's earnings suffer from cost of deal that bolstered funding

03/26/18

The San Francisco-based online lender reported a net loss of $115 million for 2017, more than half of which was connected to warrants issued in a deal that stabilized the struggling firm.

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Cash or gift card? (Never mind — our AI already knows)

03/26/18

HSBC is letting artificial intelligence software predict the types of reward offers card customers prefer. It's driving up response rates in marketing tests, but the process raises privacy and other issues.

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Eliminate incentives that encourage bad behavior: N.Y. Fed's Dudley

03/26/18

The departing New York Fed president said Monday that the banking industry should improve its culture, better aligning pay with long-term stability and removing bad actors.

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Indiana mutual to raise $22M from second-step conversion

03/26/18

Mid-Southern Bancorp could use proceeds to make more loans or to pursue acquisitions.

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Here's how blockchain could help the mortgage industry

03/26/18

Governments are studying ways blockchain can safeguard property records and simplify how they get tracked.

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Fed faces pro-diversity uproar on report of Williams' N.Y. nod

03/26/18

The Federal Reserve is facing a backlash over its lack of diversity in key positions after it emerged this weekend that John Williams, the current president of the San Francisco regional branch, is a front-runner to succeed William Dudley as head of the powerful New York Fed.

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Malware mastermind who rigged ATMs to spew cash caught

03/26/18

The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses has been arrested in Spain.

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John Williams on N.Y. Fed radar; Wells revamps risk management

03/26/18

San Francisco Fed chief is reportedly leading candidate to replace Dudley in New York; four senior officers to retire as OCC readies penalties against the bank.

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Small banks pool their subordinated debt to reassure investors

03/26/18

An affiliate of the private-equity firm Angel Oak is packaging bank-issued sub debt to minimize risk for bondholders. It recently completed its first securitization and has plans to issue two deals a year.

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What’s driving the push for more public banks?

03/25/18

Only North Dakota has its own state-owned bank, but policymakers in other states say more public banks are necessary to fully meet society's needs. Among those who proponents say would benefit the most: small-business owners and legal marijuana suppliers and distributors.

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