BankThink

How the wave of GOP departures will affect banks

01/15/18

House Republicans are exiting Congress in droves ahead of the 2018 midterm elections and the stakes for the financial services industry could be significant.

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Citigroup takes steps to close gender, racial pay gaps

01/15/18

The move follows a shareholder proposal filed by Boston-based Arjuna Capital and is the first of its kind by a big U.S. bank.

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Initial coin offerings: ‘For some, it will end badly’

01/15/18

Venture capitalist Spiros Margaris offers a level-headed perspective on the hotly debated cryptocurrency alternative to traditional methods for funding young companies.

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Supreme Court case could affect CFPB constitutionality ruling

01/12/18

The Supreme Court agreed Friday to hear a case challenging the appointment of administrative law judges, which could impact a ruling on the constitutionality of the CFPB.

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Senate Banking sets Jan. 23 to probe FDIC, Fed nominees

01/12/18

The Senate Banking Committee is expected to consider the nominations of Jelena McWilliams to be FDIC chair and Marvin Goodfriend as a governor of the Federal Reserve Board.

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Bank of America reports 84% increase in Zelle P-to-P payments

01/12/18

Fast growth in use of the bank's instance of the person-to-person payments product indicates it could one day rival Venmo.

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CFPB deputy files appeal in battle to unseat Mulvaney

01/12/18

The deputy director of the Consumer Financial Protection Bureau filed an appeal Friday in her battle to oust acting CFPB Director Mick Mulvaney, prolonging the legal fight over President Trump's appointment.

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Why Wells Fargo still can’t put sales scandal in rearview mirror

01/12/18

Weak loan growth, a $3.25 billion litigation accrual and other costs tied to the phony-accounts saga all added up to a messy fourth quarter for the San Francisco bank.

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Fears mount about Meltdown, Spectre threats to cloud computing

01/12/18

Bankers could see higher costs as cloud computing vendors struggle to protect their systems from the latest hacking vulnerabilities.

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Tax cuts will lead to mortgage boom, right? Wrong, says Dimon

01/12/18

The JPMorgan Chase CEO is rejecting arguments that banks are poised to loosen underwriting standards to win more mortgage business. He said what's needed to encourage banks to make more loans to borrowers with spotty credit files are changes to FHA rules and other policy fixes.

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