BankThink

Policymakers shouldn’t bail on plan to prevent next ‘flash crash’

11/08/17

Wall Street and its allies in the House are trying to kill the Consolidated Audit Trail, a supercomputer that will allow regulators to detect market abuses, punish wrongdoers and better understand why markets sometimes crash.

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Quarles’ regulatory vision; Shakeup at State Street

11/08/17

The Fed’s new chief bank regulator wants to change “the tenor of supervision”; Ron O’Hanley, who was named president this week, will also take over as CEO by the end of 2018.

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Separating banking and commerce is 'another win for the big guys,' OCC's Noreika says

11/08/17

Acting Comptroller of the Currency Keith Noreika called for reopening the debate over the barrier between banking and commerce, saying there is evidence removing it could benefit small banks.

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The fastest growing U.S. cities … and how they benefit banks

11/08/17

While the U.S. unemployment rate is low at 4.1%, certain cities are adding jobs at a much-faster clip than others in sectors such as health care, construction and technology. Those markets are providing new opportunities for banks to bring in deposits and make more loans.

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Capital One to exit mortgage originations, cut 1,100 jobs

11/07/17

Capital One Financial will stop originating mortgage and home-equity loans after competition made it difficult for the businesses to be profitable.

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Cyber threat, not credit, is what keeps today’s bank CEO up at night

11/07/17

The heads of some of the largest U.S. banks are calling for a new security-focused mindset among executives, better forms of ID and collective action in the aftermath of the Equifax breach.

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FHA losing customers rapidly as premiums spur refinancing

11/07/17

More FHA homeowners than expected are refinancing out of the program and into conventional mortgages, despite an increase in mortgage rates over the past year.

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LendingClub originations rose 34% in Q3

11/07/17

The San Francisco-based lender still posted losses in its portfolio, although those declined considerably from the year-ago period.

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Guidance subject to Hill review could go back decades, lawmaker says

11/07/17

Rep. Blaine Luetkemeyer is calling on bank regulators to draw up a list of guidance going back 20 years to determine whether it should be submitted under the Congressional Review Act.

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Partnerships and technology drive Green Dot's earnings rebound

11/07/17

Green Dot's financial performance has improved substantially over the past year, enough for the prepaid card issuer to raise its outlook for the rest of the year.

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