BankThink

OCC morale took a big hit from Wells scandal

05/04/17

As Keith Noreika takes over as acting head of the Office of the Comptroller of the Currency on Friday, he faces a daunting challenge: a precipitous drop in morale at the agency.

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Online lender Prosper says system error overstated loan return

05/04/17

The systems problem drew attention to a difficulty that the online-lending industry has faced recently: returns on loans are falling, and persuading investors to buy loans from the platforms is getting harder.

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How Wells’ CMO is repairing the bank’s reputation; Maria Vullo talks tough

05/04/17

Wells Fargo’s chief marketing officer Jamie Moldafsky shared how social media is helping the bank recover from its account-opening crisis; Maria Vullo explains her tough stance on bank crime, despite maintaining a lower profile than her predecessor.

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House panel approves reg reform bill along party lines

05/04/17

The House Financial Services Committee approved the Financial Choice Act by 34 to 26. While it has enough support to clear the GOP-controlled House, it is unlikely to gain traction in the Senate.

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B of A's Moynihan: Breaking up big banks would hurt U.S.

05/04/17

Bank of America CEO Brian Moynihan said the Trump administration would harm U.S. businesses and undermine the financial system if it were to revive a Depression-era law separating consumer and investment banking.

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Flashback: The day Glass-Steagall died

05/04/17

In November 1999, we covered the repeal of a Depression-era banking law in the style of an obituary. It seemed unthinkable that today we'd be talking about a resurrection.

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Undocumented immigrant 'clients' filled quotas in Wells fraud, ex-bankers say

05/04/17

Despite a categorical denial this week by Wells Fargo CEO Tim Sloan, former employees like Yesenia Guitron say trawling for immigrants was routine.

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CIBC boosts PrivateBancorp offer, lifting cash portion by 12%

05/04/17

Canadian Imperial Bank of Commerce increased its offer for PrivateBancorp Inc. by $3 a share in cash to offset the decline in the bidder's stock price.

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Why the Choice Act is a threat to corporate stewardship

05/04/17

Some shareholders can help increase corporate accountability using a little-known but effective tool called a shareholder proposal. But now this tool is threatened by financial reform legislation.

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Banks put brakes on auto lending; The human cost of AI

05/04/17

Cutbacks coincide with drop in car sales; capital markets expected to lose 200,000 jobs net to artificial intelligence.

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