BankThink

Where fintech dollars will go in 2018

12/26/17

Banks plan to spend more on blockchain and AI in the coming year, and appear willing to explore new technology partnerships.

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Top bank M&A deals of 2017

12/26/17

Bank M&A started off with a bang this year, with eight of the 10 biggest deals taking place in the first six months. North Carolina and Florida accounted for six deals on the list.

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Open APIs will irrevocably change banking

12/26/17

A new European Union directive guarantees that third-party providers can access bank customers’ account information. The requirement will trigger a new revolution in financial services in Europe that U.S. bankers should be tracking.

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Fintechs that flamed out or faded in 2017

12/26/17

Some were sold at discounted prices, while others were shut down by their acquirers or quietly ceased doing business.

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Saudis seek $6 billion from Alwaleed: Report

12/22/17

Prince Alwaleed bin Talal, the largest shareholder of Citigroup who has been detained since early November in a corruption probe, faces a demand from Saudi Arabian authorities of at least $6 billion to win his freedom, according to a report in the Wall Street Journal.

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Ray Davis to fully retire from Umpqua Holdings in Oregon

12/22/17

Davis, who stepped down as CEO a year ago, will retire as the company's chairman and as an employee at the end of this year.

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B of A says Tax Act to force $3B earnings cut in 4Q

12/22/17

The reduction is “primarily” from a lower value of net deferred tax assets, the bank said in a securities filing Friday, the same day President Trump signed the legislation.

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Senate confirms HUD nominees, but not Montgomery for FHA

12/22/17

Sen. Elizabeth Warren, D-Mass., and four other Democrats on the Senate Banking Committee are insisting on a recorded vote by the full Senate for the nomination of Brian Montgomery as Federal Housing Administration commissioner.

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2017's community bankers to watch — how’d they do?

12/22/17

We never promised the news would be good for all these community bankers, and it wasn’t. One couldn’t stop a failure, and another quit soon after an acquisition. The rest have their banks at different points on the comeback trail.

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Top banks' mortgage performance unchanged in 3Q: OCC

12/22/17

The seven largest national banks held less than 5% of loans that were delinquent at the end of the third quarter, the Office of the Comptroller of the Currency said Friday.

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