BankThink

Bitcoin warning, future of GSEs, CFPB data freeze: Top stories of the week

01/12/18

Cryptocurrencies continue to pique the interest of our readers, with a warning on bitcoin taking the top spot and a story about Ripple's partnership with MoneyGram doing well. Housing finance reform, Wells Fargo and the CFPB also featured.

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Music to investors’ ears: Banks will use tax cut to boost dividends

01/12/18

Executives of large banks told investors and analysts what they wanted to hear Friday when they said they plan to increase returns to shareholders.

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U.S. Bancorp, PNC, others fined as Fed ends foreclosure cases

01/12/18

The payments resolve a number of cases that date back to 2011 and were among the largest coordinated U.S. enforcement efforts in the years following the crisis.

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After six years in the regulatory penalty box, Ambank maps out future

01/12/18

The Iowa company was sidelined by a Fed order for 2,155 days. Finally free, Ambank is open to making an acquisition and offering its mortgage origination services to other institutions.

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Doubling down on digital personalization, TD snaps up AI company

01/12/18

Banks are increasingly investing in technology that will enable them to deliver highly personal and customized communications with customers.

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Ridgewood Savings in N.Y. taps insider as next CEO

01/12/18

Leonard Stekol, Ridgewood's president, succeeded Peter Boger, who ran the bank for 18 years.

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Mnuchin: Bitcoin firms subject to anti-laundering rules

01/12/18

Treasury Secretary Steven Mnuchin on Friday warned traders and firms offering services related to cryptocurrencies like bitcoin that anti-money-laundering and know-your-customer rules apply to them — and regulators are watching closely.

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Preserve money market rules to avoid rerun of crisis

01/12/18

The Securities and Exchange Commission should hold steady against calls to roll back post-crisis reforms to money market mutual funds.

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Wells Fargo's earnings take yet another big hit from litigation

01/12/18

Wells Fargo had another surprise for investors in the form of its biggest legal charge yet, showing the lender is not yet past its consumer banking scandals.

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New tax law adds $1B to PNC's 4Q profit

01/12/18

The Pittsburgh company got the tax-related boost from an increase in the valuation of its deferred tax liabilities. It was partly offset by several charges.

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