BankThink

Richmond Fed chief resigns; More Wells sales issues

04/05/17

Jeffrey Lacker admits his involvement in a 2012 leak that sparked a criminal probe by the Fed; Wells has fired dozens in its credit card processing unit for inflating merchants' sales figures.

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The real-world impact of Dodd-Frank, stress tests and other regs

04/04/17

In his annual letter to shareholders, M&T Bank chief Robert Wilmers laid out in compelling detail how government policies intended to protect American families have ultimately stymied economic growth.

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Dimon calls for overhaul of FHA, mortgage lending rules

04/04/17

Speaking at a town hall event in Washington, D.C., JPMorgan Chase CEO Jamie Dimon said that post-crisis regulations have made mortgages too costly for consumers — and made homeownership unattainable for borrowers with low incomes or blemished credit histories.

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Marine CU buys five branches from Bank Mutual

04/04/17

The deal includes $52.6 million in deposits and $13.2 million in loans, and the bank has indicated it plans to close two more locations in Wisconsin in June.

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BNP Paribas to acquire French digital bank startup

04/04/17

The neobank Compte-Nickel has opened more than 540,000 accounts since its launch three years ago.

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JPM's Zames touts automation, robotics in shareholder letter

04/04/17

The megabank is looking to robotics and machine learning to save time and money.

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Bank Mutual in Wisconsin plans to shed 10% of its branches

04/04/17

The company will sell five branches in Wisconsin to an unnamed buyer. It also plans to close two locations.

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Six takeaways from Tarullo’s farewell address

04/04/17

In his final public remarks before stepping down from the agency, Fed Gov. Daniel Tarullo called for several changes to the system, including dropping a key element of the stress tests and rethinking the Volcker Rule.

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Small banks need reg relief fast, says B of A's Moynihan

04/04/17

Although the Dodd-Frank Act made some positive changes, the weight of its regulations is killing small banks, Bank of America CEO Brian Moynihan said Tuesday.

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Why this bank is ready to ditch Excel for calculating reserves

04/04/17

First Commonwealth in Pennsylvania is turning to a third party’s specialized software as the CECL standard makes forecasting credit losses more complicated. Other banks could follow.

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