BankThink

Wells Fargo softens overdraft policies as part of image overhaul

11/14/17

Under changes announced Tuesday, the San Francisco company will provide a one-day grace period on overdraft fees to its direct deposit customers. It also eliminated overdraft fees on all transactions of under $5.

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B of A, JPMorgan, Wells, Amex launch vendor management firm

11/14/17

TruSight will assess, validate and monitor vendors on behalf of the consortium, which is expected to expand.

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Deal on TBTF rules; Warning on coin offerings

11/14/17

Bipartisan proposal would remove the SIFI label from more than two dozen banks; European regulator cautions investors on the risks as bitcoin price plunges.

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WesBanco in W.Va. to buy First Sentry Bancshares

11/14/17

The acquisition is expected to boost WesBanco’s presence in Huntington, W.Va., and provide a bridge to its existing operations in Charleston, W.Va., and southeastern Ohio.

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Heartland in Iowa to buy Minneapolis-area bank

11/14/17

The company will pay $53 million in cash and stock for Signature Bank.

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What banks can expect from the next Fed chairman

11/14/17

Jerome Powell has been in the public eye for decades. But what he would actually do with the job is unknown. American Banker reporter John Heltman explains.

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Fidelity latest financial firm to facilitate data sharing with fintechs

11/14/17

Following in the footsteps of Chase, Wells Fargo and others, Fidelity is launching an application programming interface to let third-party apps access customer data — as long as the customers grant permission.

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BNY Mellon names new CFO, promotes three executives to lead largest unit

11/14/17

In his first major move as CEO, Charlie Scharf has made several management changes at Bank of New York-Mellon.

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Winners and losers of Senate reg relief bill

11/13/17

It was a decidedly mixed bag for banks and credit unions in the Senate regulatory relief bill, with some institutions doing quite well while others were left out in the cold. Following is a guide to who was helped - and who lost out.

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Prosper reports $26M loss despite spike in lending

11/13/17

The San Francisco company is one of numerous online lenders that are struggling to become profitable.

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