BankThink

Trump wades into Wells Fargo saga, promising tough penalties

12/08/17

The president wrote Friday on Twitter that penalties against the San Francisco bank will be maintained, or possibly strengthened. The comments are likely to fuel a growing controversy about the independence of federal financial regulators.

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‘Richard Nixon might disagree’: Comments of the week

12/08/17

Readers react to the change in tone at the Consumer Financial Protection Bureau, the launch of voice-command banking on Amazon’s Alexa, how regulation affects financial innovation and more.

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Fannie and Freddie: Should they stay or should they go?

12/08/17

Until recently, there was a consensus among policymakers that Fannie Mae and Freddie Mac needed to be eliminated. That changed this week. Here's why.

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Has tech earned our trust, or are we just complacent?

12/08/17

We entrust tech firms with vast amounts of information about our daily lives, with an expectation that they will safeguard it. But have we become too casual in the trust we place with them in exchange for more personalized experience and convenience?

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Quarles calls for transparency; Bitcoin boils over — again

12/08/17

Fed's supervision chief wants more openness on bank stress tests; cybercurrency jumps 40% in 40 hours, climbing past $19,000.

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Tax hits, deposit wars, paydown blues: A 4Q preview

12/07/17

It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month.

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Did Fifth Third just open the door to more bank M&A?

12/07/17

Fifth Third last bought a bank in 2008, but CEO Greg Carmichael says "strategic bank M&A absolutely makes sense," and the Cincinnati bank is poised to clear up a blot on its regulatory record that blocked dealmaking.

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Farmer Mac fires CEO for violating company policies

12/07/17

Farmer Mac has terminated President and CEO Timothy Buzby for violating company policies not related to its financial and business performance.

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Stress tests, livings wills are good for industry, Dimon says

12/07/17

The JPMorgan Chase CEO supports easing regulations on mortgage lending but says other major provisions of Dodd-Frank should remain intact.

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FHA ceases approvals of PACE loans, citing taxpayer risk

12/07/17

The ban on financing properties encumbered by heating and cooling assessments will go into effect in 20 days, according to the Federal Housing Administration.

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