BankThink

Smith, Sloan head to the Hill; Bitcoin gets love

10/03/17

Former Equifax CEO and Wells Fargo chief both expected to issue mea culpas to Congress; Goldman apparently likes digital currency.

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HomeStreet continues to pare back its mortgage operations

10/02/17

The Seattle company, which has cut about 130 positions in the business in recent months, pointed to lower originations tied to a shortage of new and resale housing.

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Former OCC head John Dugan joins Citigroup board

10/02/17

Leslie Ireland, a former assistant secretary for intelligence and analysis at the Treasury Department, was also elected to the bank's board.

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California Bankers Association, regional trade group to merge

10/02/17

The Western Independent Bankers will continue to offer conference and educational services as a division of the California Bankers Association.

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MetLife may be next to lose ‘too big to fail’ label

10/02/17

After the FSOC voted to rescind its systemic designation for AIG, it's unclear whether the interagency council will continue to appeal a court ruling overturning MetLife's SIFI designation.

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Justice Department gives big banks green light on real-time payments

10/02/17

Following an antitrust review that lasted almost a year, the approval would appear to cement The Clearing House's status as the front-runner in a race to modernize the U.S. payments system.

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Fed's emergency cash plan swings into action in Puerto Rico

10/02/17

The Federal Reserve's nationwide preparedness plan for cash emergencies is being put to a unique test in Puerto Rico. Stocks are being replenished with daily flights, but the lack of power to ATMs and branches is contributing to reports of cash shortages.

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Wells Fargo has rehired 1,780 employees since scandal broke: Sloan

10/02/17

The workers who have been brought back do not include any of the more than 5,000 employees who were fired for alleged misconduct, according to the company.

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Credit unions expect big capital inflow as banks exhibit battle fatigue

10/02/17

The NCUA is proposing a special payout of up to $800 million to credit unions next year, which may boost lending. Banks were uncharacteristically silent on the plan.

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