BankThink

Bank of the West, BNP Paribas scout for fintech partners

03/23/18

The banks' Finlabs program is seeking growth-stage firms that could eventually work with several of their business lines.

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Level One in Michigan plans IPO

03/23/18

The company said it could raise up to $25 million through the initial public offering.

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This isn't a bailout, this is return of stolen funds

03/23/18

News that the GSEs need an infusion from Treasury to cover quarterly losses underscores problems with the government’s 2012 decision to “sweep” the housing giants’ profits.

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Citi take lead on gun issue; Big three banks’ deposits grow

03/23/18

The bank said it won’t do business with clients who sell guns to minors or those who fail background checks; JPM, B of A and Wells now hold nearly one-third of U.S. deposits.

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'Predatory lending is here to stay': Comments of the week

03/22/18

Readers react to the Senate regulatory relief bill, weigh in on the Consumer Financial Protection Bureau’s innovation initiative, chime in on whether banks need to provide more value in a digital age and more.

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Senate Dems criticize Carson over HUD enforcement practices

03/22/18

Senate Democrats accused Housing and Urban Development Secretary Ben Carson and his agency of failing to enforce fair housing laws.

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Are bankers underestimating Amazon?

03/22/18

More than a decade ago, bankers fought Walmart tooth and nail as it made forays into banking. But with Amazon making more moves into financial services, the reaction is very different.

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Arizona creates nation's first testing ground for fintech

03/22/18

The new law, which is modeled on a similar effort in the United Kingdom, aims to lure financial firms to the desert. It has drawn support from business organizations but opposition from consumer groups — a dynamic that is likely to be replayed in other states.

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Banks win break on capital requirement

03/22/18

Banks that spent years lobbying against billions of dollars of new capital requirements are being rewarded for their efforts.

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Will rivals follow Citi in clamping down on gun sellers?

03/22/18

CEO Michael Corbat all but called out his counterparts at other banks to join Citigroup in setting limits on what kinds of firearms businesses it is willing to serve. The response was muted, but the pressure to act is tremendous.

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