BankThink

Rebirth: The de novo bank class of 2018

02/07/18

At least eight banks are in various stages of formation, including two that have opened. While that is nowhere near the de novo activity of the early 2000s, it's a positively brisk pace compared with the standstill that existed for many years after the financial crisis.

[more]

Regulators will float proposal before revamping SIFI process: Mnuchin

02/06/18

Treasury Secretary Steven Mnuchin said the Financial Stability Oversight Council will propose SIFI criteria before executing changes, and provided comments about the Volcker Rule, Orderly Liquidation Authority and housing finance.

[more]

Bank stocks rebound after Monday's wild ride

02/06/18

Bank stocks recovered some of their lost value on Tuesday on extremely high levels of trading volume. The lone exception: Wells Fargo.

[more]

Deal for Hana lending unit to raise Patriot National's SBA profile

02/06/18

Patriot National in Connecticut would become the latest community bank to ramp up small-business lending with its $81 million deal to acquire Hana Financial's much larger SBA lending unit.

[more]

Misdeeds force megabanks to engage in stealth lobbying

02/06/18

The continuing cycle of scandal has forced big banks to get crafty in how they influence debate in Washington. The latest action against Wells ensures more backroom dealing.

[more]

Comptroller heaps praise on CFPB's Mulvaney

02/06/18

Comptroller of the Currency Joseph Otting met Tuesday with acting CFPB Director Mick Mulvaney to discuss ways to reduce regulatory burden and coordinate supervision of financial firms.

[more]

Payment fraud on the rise at U.S. banks, credit unions: Fed survey

02/06/18

The results suggest that even as financial institutions implement more sophisticated fraud-mitigation techniques, they have not been keeping pace with criminals.

[more]

What the Wells order means for bank directors

02/06/18

The Federal Reserve’s order restricting Wells Fargo puts other bank boards on notice that they could be singled out for failure to perform, but also makes it easier for them to avoid that fate.

[more]

Las Vegas provides blueprint for small-bank resurgence

02/06/18

Its small, locally owned banks were as decimated after the crisis as in any big city. But community bankers say changes to the economy and their lending practices offer them a shot at challenging the big banks that dominate their market.

[more]

Pawlenty to leave Roundtable as he mulls gubernatorial run

02/06/18

Former Minnesota Gov. Tim Pawlenty said Tuesday he is resigning as CEO of the Financial Services Roundtable as speculation grows that he plans to run for governor again.

[more]