BankThink

RBC's job cuts are latest sign of strain among Canadian banks

06/21/17

Royal Bank of Canada, the country’s second-largest lender by assets, is cutting about 450 positions, mostly at its headquarters.

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Michigan bank's CEO shuffle: ‘Like losing LeBron and bringing in Curry’

06/21/17

The Michigan company was caught off guard by CEO David Ramaker's decision to retire. Fortunately, Chemical had retained Talmer Bancorp CEO David Provost after buying his bank a year earlier.

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Lawmakers won't let Wells forget account scandal

06/21/17

For Democrats, the scandal is a prominent symbol of big-bank misbehavior, while Republicans want to use it to show the shortcomings of the CFPB.

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'Bubbles and busts are sometimes good'

06/21/17

Vinny Lingham, founder and CEO of Civic, discusses the froth in cryptocurrency markets, the mania for "initial coin offerings," the right way to do token sales, the future of digital identity and the banking system's security failings.

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How liability stands in way of banks’ digital ID ambitions

06/21/17

Portable digital identities could improve customer experience, cut costs and generate revenue for banks. But who’s on the hook when something goes wrong?

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Business lines must own their third-party risk management

06/21/17

The message to banks is loud and clear: A vendor’s mistake is your mistake. You can outsource a function, but not the responsibility for mishaps.

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Goldman vet joins board of open-source trading systems startup

06/21/17

The fintech startup OpenFin now has 40 Wall Street firms building applications for its operating system, which promise security and interoperability.

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Why more real estate firms are now offering mortgages

06/21/17

Traditional partnerships with lenders have been eroded by compliance strains and new incentives to control more of the homebuying transaction.

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Chemical Financial taps former Talmer chief as next leader

06/21/17

David Provost will succeed David Ramaker as the Michigan company's CEO. Provost ran Talmer Bancorp, which Chemical bought last year.

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Small banks could be erased from mortgage market thanks to Choice Act

06/21/17

The Financial Choice Act contains many positive reforms for community banks, but a provision affording benefits for holding loans on balance sheet poses risk for small lenders.

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