BankThink

CIT swings to profit as it continues transition to traditional bank

07/25/17

A series of balance sheet moves and a focus on deposit gathering and business lending led to a $157 million profit in the second quarter.

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Flagstar profit off 13% as fee income falls

07/25/17

The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses.

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Fannie, Freddie are irrelevant to a government-backed mortgage system

07/25/17

Policymakers should differentiate between housing finance-related issues of real importance to the greater public interest, and those that concern only special interests.

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Citi's investor day returns; Morgan Stanley tops Goldman

07/25/17

Citi is holding its first investor day since the financial crisis, plugging credit cards and its Mexican business; Morgan Stanley's market cap tops Goldman's for the first time.

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'Sadly, there still is a tendency to discriminate'

07/25/17

Former Comptroller of the Currency Eugene Ludwig shares stories from his days as a top regulator during the Clinton Administration and the reasons why bank rules should be reviewed and maybe rewritten.

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Mobile-only fintech makes play for (regular) bank charter

07/25/17

Varo Money, an app designed for people who want to exclusively bank on their cell phones, announced Tuesday that it has filed formal applications for a national bank charter.

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A tale of foresight, planning, and one rich M&A valuation

07/24/17

WashingtonFirst had a sudden window of opportunity to sell itself in the latter half of 2016, but it had been preparing for a possible sale for more than two years before that, and perhaps as a result it received one of the most valuable buyout offers this year.

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Should GSEs be aggressive in buying chattel loans?

07/24/17

While Freddie Mac is moving cautiously into buying manufactured housing loans not secured by land, Fannie Mae is moving more aggressively. Industry representatives are divided on which approach is superior.

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Bank of Princeton turns to Plan B after planned sale falls through

07/24/17

The New Jersey bank is looking to raise offensive capital just months after its deal to be sold to Investors Bancorp was terminated. Investors was tripped up by regulatory concerns tied to Bank Secrecy Act and anti-money-laundering compliance.

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OCC names new chief risk officer

07/24/17

The Office of the Comptroller of the Currency has named William A. Rowe, a deputy chief of staff and liaison to the Federal Deposit Insurance Corp., as its new chief risk officer.

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