BankThink

Data-sharing debate grows contentious as fintechs vent grievances

08/15/17

The Consumer Financial Data Rights group, representing aggregators and fintechs, says banks still aren’t forking over enough customer data. The group is meeting with bank regulators and trying to get consumers to petition regulators on its behalf.

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10 questions for Dallas Fed President Robert Kaplan

08/15/17

The breadth and pace of change across banking and the rest of the business world is rapidly escalating, posing challenges for financial institutions and the economy alike, according to Robert Kaplan, the president of the Federal Reserve Bank of Dallas.

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Improbable comeback ends with 1st Mariner's sale

08/15/17

The Baltimore bank, which was on the brink of failure before a group recapitalized it, is selling itself to Howard Bancorp.

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KeyBank turns to Invesco's robo-adviser for help

08/15/17

KeyBank is the latest to join the robo-adviser trend. Its investment services unit just announced a partnership with Jemstep, which is eager to do more such deals with banks now that it is owned by Invesco.

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Money-laundering scandal hurts all banks: Aussie lobby chief

08/15/17

The Commonwealth Bank of Australia money-laundering scandal has damaged the public's perception of the whole banking sector, according to the head of the industry's lobby group.

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Banks don’t need the Fed in order to succeed

08/15/17

Society has accepted central banks’ monopoly over creating and controlling the flow of money, but history and current technological innovations point to alternative approaches.

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JPMorgan's Dimon joins U.S. CEOs condemning Virginia violence

08/15/17

JPMorgan Chase Chief Executive Jamie Dimon joined U.S. corporate leaders in denouncing racial intolerance as the pressure heats up on them to challenge President Trump on social and other policy matters. However, Dimon remains on a key presidential advisory group.

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Berkshire loves Synchrony; What’s behind the bitcoin surge?

08/15/17

Warren Buffett’s firm buys big stake in retail credit card issuer while dumping shares in its former parent, GE; long-awaited update speeds transactions in the digital currency network.

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Unprotected: How the feds failed two Wells Fargo whistleblowers

08/14/17

The mishandling of the two former employees’ complaints, detailed in documents and by former OSHA officials, raises questions about the government’s treatment of whistleblowers throughout the financial services industry.

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Dudley calls Cohn 'reasonable candidate' for Fed chair

08/14/17

Federal Reserve Bank of New York President William Dudley took the unusual step of weighing in on who might be the next head of the U.S. central bank, saying that former Goldman Sachs executive Gary Cohn was a "reasonable candidate" for the job of Fed chief.

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