BankThink

Huntington taps Bank of the West exec to lead retail bank

03/23/17

Andy Harmening will succeed longtime retail banking chief Mary Navarro, who is retiring in June.

[more]

CFPB fines Experian $3M, alleges consumer deception

03/23/17

The Consumer Financial Protection Bureau said Experian sold consumers an "educational" credit score and falsely claimed in advertisements that the score was used by lenders to make credit decisions.

[more]

Lenders, consumer groups call for end to GSE dividend sweep

03/23/17

The groups and industry trade associations want the Treasury Department and the FHFA to allow Fannie Mae and Freddie Mac to build up capital reserves.

[more]

Fed orders Santander to strengthen oversight of its subprime auto lender

03/23/17

The regulator said that Santander has not made sufficient progress in complying with a 2015 enforcement order.

[more]

Fifth Third investing $112 million on five-year network upgrade

03/23/17

A faster network is letting the regional bank bring new technology into its branches and share data with fintech partners via APIs.

[more]

Citigroup to close most London outlets on internet-banking focus

03/23/17

Citigroup plans to close three of its four London branches as the company seeks to cut costs and focus on digital services.

[more]

GSE common securitization plan delayed to 2019

03/23/17

Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.

[more]

When four is a charm in bank M&A

03/23/17

It took several offers for First Busey to seal a deal to buy First Community Financial Partners, and the details in a recent public filing of the back and forth between the two Illinois banks show how patience in merger negotiations is a must.

[more]

Seven banks vying to create the branch of the future

03/23/17

At a time when customers are rapidly switching to digital banking, scores of branches are closing. But many institutions — mindful that brick-and-mortar locations remain a critical sales channel — are also experimenting with physical layouts that are focused on technology and generally smaller than traditional branches. In some cases, they have even done away with employees. Here is a look at some of the designs that banks have built as they seek to fuse the physical with the digital.

[more]

Accenture buying First Annapolis to boost payments expertise

03/23/17

Accenture has agreed to acquire First Annapolis Consulting in an effort to add payments expertise in several international markets.

[more]