BankThink

Tax reform threatens to drain GSEs' dwindling capital

11/29/17

The financial services industry has cheered a proposed reduction in the corporate tax rate, but a lower rate could force Fannie Mae and Freddie Mac to write down assets, increasing the odds that the companies will need Treasury support.

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Five big questions about Mulvaney-led CFPB

11/29/17

With leadership of the Consumer Financial Protection Bureau resolved by a federal court, the banking industry is eager to find out what interim head Mick Mulvaney plans to do once he gets a handle on the agency, including whether he will delay pending new mortgage rules.

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An extra $1.6M in profits this bank wishes it hadn't found

11/29/17

Malvern Bancorp’s restatement of nearly four years of results worked out in its favor, but it had to acknowledge — and explain — the reason: Outside accountants spotted a problem in its financial-reporting controls.

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FHA premium cut still may not happen after Montgomery is confirmed

11/29/17

Brian Montgomery seems on his way to being confirmed to lead the Federal Housing Administration. But once he gets there, he may find it difficult to be as innovative as he was during his first stint as commissioner — particularly when it comes to reducing FHA premiums.

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TCF faces uncertain future after exiting auto lending

11/29/17

The bank has taken a decisive step to protect its asset quality, but the move also raises questions about what will drive loan growth in the future — and whether the company is on the block.

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Banks resist pressure to raise rates, but for how long?

11/29/17

Online banks have been aggressively raising the rates they pay on consumer deposits, and that is forcing mainstream banks to consider following suit or risk losing valuable deposits to their more nimble competitors.

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RBC posts record annual profit while cutting corporate loans

11/29/17

Royal Bank of Canada showed it can defy expectations even while being more selective in lending.

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Banks are spending $20B on compliance tech as MiFID looms

11/29/17

U.S. and European banks are spending a total of as much as $20 billion a year on technology to enable fixed-income dealers to comply with new regulations such as MiFID II, according to a report.

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What U.S. banks can learn from global AI experiments

11/29/17

Virtual assistants at banks in Israel, Canada and Hong Kong are getting smarter thanks to artificial intelligence.

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Wells Fargo reshuffles board, adds three new members

11/29/17

The $1.9 trillion-asset bank has been facing pressure to shake up a board that failed to head off a reputation-scarring scandal.

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