BankThink

Wells Fargo said to face regulator scrutiny on second auto issue

08/08/17

Wells Fargo's regulators are looking into another issue involving insurance linked to auto loans as scrutiny of a key lending unit widens, according to people with knowledge of the matter.

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Who will be the next Fed chair?

08/08/17

With Federal Reserve Board Chair Janet Yellen's term due to expire in February, speculation is rampant in D.C. about who might replace her — or whether she will be replaced at all.

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Credit union in Michigan to buy bank in Florida

08/08/17

Lake Michigan Credit Union’s deal for Encore Bank would give it a total of 10 branches on the Florida Gulf Coast.

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Wells Fargo insurance abuses spur probe by California regulator

08/08/17

Wells Fargo's admission that it charged customers for auto policies they didn't request has prompted an investigation by a California's insurance regulator.

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PHH to pay $75M False Claims Act settlement with DOJ

08/08/17

PHH Corp. will pay the Justice Department $75 million to settle a False Claims Act investigation of its underwriting practices on government-insured mortgages and loans sold to Fannie Mae and Freddie Mac.

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Soul searching at big banks as quants clamor for data

08/08/17

Quantitative investors, starved for trading signals that can be spun into gold, are pressuring the finance firms they work with to grant them access to proprietary information.

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Everything is random: Why history’s overrated for risk management

08/08/17

Using historical patterns to predict the next financial success or crisis seems rational. But beware the human psyche’s tendency to concoct order out of randomness.

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Another day, another Wells scandal; Virtual currency deals go on

08/08/17

Bank may have failed to refund insurance premiums to customers who repaid their auto loans early; digital coin offerings proceed despite warnings from SEC.

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How Ally Bank attracts millennials

08/08/17

At a time when many banks struggle to win over millennials, Ally Bank appears to be bringing them in: more than 60% of new customers are millennials. President Diane Morais explains how the bank is getting the attention of a younger generation. One popular product: debit controls.

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Loan growth resumes, but LendingClub remains in the red

08/07/17

The online consumer lender reported a net loss of $25.4 million, bringing its red ink in the five most recent quarterly reports to more than $200 million.

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