BankThink

Are big-bank directors too distracted to govern?

09/08/17

Serving on multiple boards while holding full-time executive positions weakens a director’s ability to fulfill the governance demands at complex institutions.

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BancFirst to buy pair of Oklahoma banks

09/08/17

The company will add $370 million in assets after buying the parent companies for First Bank & Trust and First Bank of Chandler.

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Zelle says 4M users have enrolled since June launch

09/08/17

The person-to-person payment service, the big banks’ answer to Venmo, is scheduled to launch a standalone app next week.

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Hackers hit Equifax motherlode; NYS agency boots Pakistani bank

09/08/17

Credit bureau says records of 143 million consumers were compromised; state agency penalizes Habib Bank for enabling terror financing.

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Can artificial intelligence match credit cards to millennials?

09/08/17

Petal is using machine learning in its new card program to make the most of the scant financial data available from young consumers.

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A year later, Wells still struggling to repair tattered reputation

09/07/17

One year after the San Francisco megabank paid $190 million in fines and restitution after it opened millions of unauthorized accounts, Wells remains mired in scandal. Why hasn't the firm been able to recover?

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Hiring a diverse workforce isn’t easy in some states

09/07/17

With immigration and racial issues flaring across the country, a community bank owned by two families with opposing political views is undivided in helping noncitizens obtain work visas and prioritizing diversity in some very homogenous markets.

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Wells Fargo acquires $51 billion in mortgage servicing rights

09/07/17

The portfolio of conforming loans is currently being subserviced by Nationstar Mortgage Holdings on behalf of Seneca Mortgage Investments.

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Equifax says data breach affected as many as 143 million customers

09/07/17

Intruders accessed names, Social Security numbers, birth dates, addresses and driver’s license numbers in what could be one of the largest data intrusions.

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‘All your stuff is compromised’: Comments of week

09/07/17

Readers opine on Square’s applying for an industrial loan company charter, the Federal Reserve’s role in faster payments, assumptions about operational security, and more.

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