BankThink

Banks tighten lending to nervous homeowners hoping to tap equity

04/02/20

The worsening economy brought on by the coronavirus pandemic has big banks rethinking who they will lend to.

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Online-only banks outshine traditional rivals — with one exception

04/02/20

Digital banks outscored brick-and-mortar banks in a recent J.D. Power study of customer satisfaction. However, the survey pointed to shortcomings in call center services, which are in high demand during the COVID-19 pandemic.

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René Jones is putting his own stamp on M&T Bank

04/02/20

Like his longtime boss and mentor, Bob Wilmers, Jones is deeply committed to investing in communities, controlling expenses and delivering value for investors. But he also has novel ideas for modernizing M&T, like doing away with its "permission culture," improving the customer journey and positioning it as a go-to bank for tech talent.

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Regulators extend comment deadline for Volcker Rule changes

04/02/20

The agencies will give the industry another month to submit feedback on the so-called covered fund portion of the rule "in light of potential disruptions resulting from the coronavirus.”

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Challenger bank Revolut hires Silicon Valley bankers to run U.S. unit

04/02/20

The U.K. company has recruited Bruce Wallace, formerly of Silicon Valley Bank, and Ronald Oliveira, who was with AvidBank, to lead its expansion here.

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Banks can stand among the economy’s first responders

04/02/20

Lenders can offer deferred payments and capitalize on digital banking to help small businesses and consumers get back on their feet.

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Big banks get Fed's blessing to extend leverage amid market stress

04/02/20

The change — effective immediately — will reduce capital demands by about 2% overall, the Fed estimated, and will be open for a 45-day comment period.

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Fed eases bank leverage ratio; Kabbage cuts back

04/02/20

The one-year relief is intended to free up lending to consumers and businesses; the online small business lender not making loans, shrinks credit lines, staff.

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Capital One moves summer internships online in coronavirus response

04/02/20

About 1,000 interns were notified of the change this week. They will still receive the pay and housing funds outlined in their original offer letters.

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Congress mulls further coronavirus relief for consumers

04/01/20

If Capitol Hill plans another round of stimulus, Democrats could have more leverage to demand steps such as suspending overdraft fees or placing a temporary cap on consumer lending rates.

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