BankThink

Big banks mostly mum about sexual harassment policies

02/15/18

Very few of the 20 largest banks in the country would answer just a few basic questions about their policies and programs around sexual harassment. But — trust them! — they are committed to equality. Even Maria Contreras-Sweet is kept out of critical meetings, though perhaps this wasn’t a “no girls allowed” situation, like at Point72 Asset Management.

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Freddie needs $312 million from Treasury after writing down tax assets

02/15/18

Freddie Mac posted a fourth-quarter net loss of $3.3 billion and will request $312 million from the Treasury after recent tax reform legislation forced it to write down the value of deferred tax assets.

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GSE reform isn't dead, but it isn't going anywhere either

02/15/18

Despite a legislative push by some senators and other stakeholders to jump-start housing finance reform, efforts to form consensus over a bill once again are stuck in neutral.

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Transforming Banking Accelerate Innovation through Integrated IT Portfolio Management

02/15/18

The rules of banking have changed – and so have your customers’ expectations.

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Fintechs see their profile rise, with banks playing a large part

02/15/18

U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge.

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This is the real key to risk management now

02/15/18

Amid all the complaining about increased regulation, and the need to maintain higher capital levels, bankers are failing to realize that there is also a significant opportunity: Those that develop operational excellence at deploying capital can set themselves apart from peers.

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BMO Harris names Canadian exec to lead U.S. personal, business banking

02/15/18

Erminia Johannson's promotion is part of an effort by BMO Financial to generate more revenue from its U.S. operations.

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Can small-dollar loans be both profitable and safe?

02/15/18

The Pew Charitable Trusts has released a set of 10 standards for banks and credit unions that want to to offer small loans to subprime customers. Among its ideas: keep monthly payments at or below 5% of the borrower’s paycheck and make loans available quickly through digital channels.

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Regulators fine U.S. Bank more than $600M for AML errors

02/15/18

U.S. Bancorp. has agreed to pay $613 million in penalties to state and federal authorities for violations of the Bank Secrecy Act and a faulty anti-money-laundering program.

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Big banks got huge tax cuts, then hiked cities' interest rates

02/15/18

As U.S. banks were tallying up the billions of dollars in extra profits they'll reap from the sweeping tax cuts signed into law by President Donald Trump, they were quietly delivering unwelcome news to local governments: The interest rates on their loans were about to go up.

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