BankThink

DOJ pot crackdown has yet to hit banks

03/23/18

Attorney General Jeff Sessions made headlines in January when he tightened federal marijuana enforcement. But the good news for financial institutions looking to service the pot industry is that the rest of the government has responded with a shrug.

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Wells Fargo risk-management leaders are said to leave in revamp

03/23/18

Wells Fargo announced changes to its risk-management leadership this week as some executives plan to retire, according to a person familiar with the situation.

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Battered banks suffer their worst week in more than two years

03/23/18

Bank stocks just took a huge beating. The KBW Bank Index plunged 8 percent this week, its worst showing since January 2016.

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Small N.C. bank dealt legal blow in effort to block hostile takeover

03/23/18

A judge in North Carolina granted a request by First Citizens to block KS Bancorp from enacting a shareholder rights plan.

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SunTrust's CIO, CRE bridge lending and Amazon's long shadow: Top stories of the week

03/23/18

SunTrust's new IT chief preaches collaboration; will CRE securitizations return to haunt?; Amazon here, there and everywhere; and more.

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Graham unveils Senate measure to repeal CFPB payday rule

03/23/18

The congressional resolution to overturn the payday regulation comes as acting CFPB Director Mick Mulvaney has already said the agency will reconsider the rule internally.

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Reluctant convert: This Massachusetts mutual may be out of options

03/23/18

A recent acquisition that was highly dilutive, and a lack of suitable mutual targets, could spur HarborOne Bancorp to pursue a second-step conversion.

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The reasons U.S. blockchain adoption has stalled

03/23/18

JPMorgan Chase is said to be dropping its Quorum blockchain technology, and little is happening with other blockchain projects that have been in the works for years. What gives?

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Amazon's good luck, blockchain dangers and French dissing

03/23/18

Luckily for Amazon, the OCC is no longer “the angry dad on the porch with a shotgun," trying to keep tech companies from hooking up with banks. JPMorgan Chase’s Amber Baldet can pack a room for a lesson on blockchains. And it is the end of catcalls in France.

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Regionals may lose ‘systemic’ label, but they’re not out of the woods

03/23/18

The regulatory relief bill frees some regional banks from the tough supervision reserved for larger companies, but regulators still can subject them to onerous requirements.

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