BankThink

What rollback of risk retention could mean for CLO managers

02/12/18

There could be a pause in new issuance as CLO managers wait to see if the government will appeal; longer term, the pace will pick up as the playing field is leveled for smaller managers.

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Oritani in N.J. hit with informal agreement to improve BSA compliance

02/12/18

The company must develop and implement a system of internal controls to ensure full BSA and anti-money laundering compliance, among other things.

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Banking’s response to #MeToo: Training employees to speak up

02/12/18

Strong policies against sexual harassment appear to be a factor in shielding banks from the public shamings that have occurred in other industries, but even they know they can’t get too complacent. Some are ditching old training sessions and trying new things like coaching witnesses on how to report demeaning behavior.

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Bank cybersecurity heads seen in need of more CEO face time

02/12/18

Just 8% of cybersecurity heads at U.S. financial firms report to the chief executive officer directly and more should do so to improve decision-making, according to the Financial Services Information Sharing & Analysis Center.

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Highest Loan/Deposit Ratios Among Bank Holding Companies

02/12/18

Year to date Sep. 30, 2017. Dollars in thousands.

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Banks' cost-cutting campaigns hit roadblock: Wage inflation

02/12/18

As the economy strengthens, more banks are facing pressure to pay up for the best lenders and tech specialists.

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CFPB chief search complicated by GOP’s tenuous Senate hold

02/12/18

The statutory clock on Mick Mulvaney serving as acting head of the Consumer Financial Protection Bureau is under a year, but the administration's path to getting a full-time director confirmed by the Senate has never looked rockier.

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Well-run banks prioritize the communities they serve

02/12/18

Wells Fargo’s troubles show that the bank needs to rebuild trust with consumers and the diverse neighborhoods where it operates in order to succeed.

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Pacific Premier to top $10B in assets with latest acquisition

02/12/18

The California company has agreed to buy Grandpoint Capital, a business bank in Los Angeles, for $641 million.

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Wells mess continues; Equifax details stolen data

02/12/18

Bank makes errors in refund program; credit bureau now says tax IDs, email addresses and driver’s license were compromised in last year’s hack.

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