BankThink

Chase considers bitcoin; Good news, bad news for banks

11/22/17

Bank ponders assisting customers trading digital currency futures; banks still face challenges despite a good third quarter.

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What banks can be thankful for this year

11/21/17

The past year has been a wild ride for everyone, but it has left bankers in particular with many reasons to count their blessings.Consider, first of all, the recent legislative action on Capitol Hill. After the surprise Republican sweep during last year's elections, bankers began putting together a wish list for policymakers, which included lower corporate taxes and a higher asset threshold for systemically important financial institutions. Congress has taken steps to address both issues.Regulatory agencies in Washington are also becoming more business friendly.

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JPMorgan said to weigh offering CME bitcoin futures to clients

11/21/17

Bitcoin’s eight-fold surge in value this year is forcing Wall Street banks to balance clients’ interest in speculating on the cryptocurrency with executives’ skepticism about its future.

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Ex-banker's acquittal elicits shouts of joy as U.S. stumbles

11/21/17

The trial of Stefan Buck was an unusual courtroom showdown in the decade-old fight by the U.S. against tax evasion aided by financial institutions in Switzerland.

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Fed interest payments to banks are here to stay, Yellen says

11/21/17

Federal Reserve chair Janet Yellen said interest on bank reserves should remain the central bank’s primary monetary policy tool

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Uber concealed cyberattack that exposed data on 57M people

11/21/17

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies, a massive breach that the company concealed for more than a year.

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Ripple adds former NYDFS head to board of directors

11/21/17

The digital-currency startup, which markets software to banks, appears keen to signal that it wants to play by the rules.

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Seeking bigger U.S. presence, Barclays joins crowded online lending market

11/21/17

The British banking giant has been testing its new online lending platform with a handful of its U.S. customers and plans to roll it out in full force next year. It's all part of a broader effort to expand its U.S. consumer business beyond credit cards.

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CFPB orders Citi to pay $6.5M for student loan failures

11/21/17

The Consumer Financial Protection Bureau on Tuesday ordered Citibank to pay $6.5 million in consumer relief and penalties for student loan servicing failures.

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Cordray urges CEOs to give consumers more control over payments, cards

11/21/17

A week before he is due to resign, CFPB Director Richard Cordray sent a letter to 29 CEOs at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.

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