BankThink

This bank scrapped its SBA playbook for a better one

02/07/18

Patriot National in Connecticut planned to build a regional small-business lending operation on its own — until it had a chance to buy a national platform.

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Goldman is said close to buying personal-finance startup Clarity

02/07/18

Goldman Sachs is in discussions to acquire the personal finance startup Clarity Money, with plans to fold it into its Marcus online lender, according to people familiar with the matter.

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Why point-of-sale lending is hot right now

02/07/18

It’s not necessarily new, but a confluence of trends — advances in technology, changing consumer preferences and banks’ need to diversify their balance sheets — has made it more popular than ever.

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Fintech partnerships can work (see: Radius Bank)

02/07/18

Its latest partner, Mantl, has built software that lets consumers open accounts in four minutes. In such alliances Radius seeks expertise it lacks, gets heavily involved in product development, and tries to balance the spirit of innovation with the demands of compliance.

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Zelle's next phase takes shape at BNY Mellon

02/07/18

The banks behind the Zelle network had more in mind than P-to-P payments between consumers, and BNY Mellon is beginning the network's evolution by targeting business payments market.

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B of A is said to bring in law firm to examine $292 million charge

02/07/18

Bank of America hired Davis Polk & Wardwell to conduct an internal review of a $292 million charge-off in the fourth quarter, according to a person familiar with the matter.

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Investors Bancorp in N.J. forms equipment finance group

02/07/18

Investors, a former serial acquirer that has been sidelined by an informal order tied to Bank Secrecy Act compliance, has hired an executive from EverBank.

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Raising SIFI threshold to $250B ignores lessons of past crises

02/07/18

Regulators have repeatedly found that financial firms with more than $100 billion in assets can pose systemic risks.

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Citi wins dismissal of $2.2B claim by Parmalat

02/07/18

Citigroup said an Italian court rejected a €1.8 billion ($2.2 billion) civil claim filed by Parmalat against the bank over the food company's collapse in 2003.

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Regulators ask for cyber help; volatility may be good for banks

02/07/18

The SEC and CFTC ask Congress to expand federal oversight of cryptocurrency trading; the recent wild swings in financial markets may boost first quarter trading revenue.

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