BankThink

Regulators call for simpler capital rules, easier reporting standards

03/21/17

Banking regulators on Tuesday called for a raft of regulatory changes, including streamlining capital, reporting and appraisal rules in order to reduce compliance burden.

[more]

Better accounting is first step to satisfied customers

03/21/17

Profit and loss accounting is the least customer-centric process in the entire banking system. Overhauling it would improve banks’ culture and approach to digital banking.

[more]

Fed's Dudley says Wells Fargo shows bank culture needs improving

03/21/17

The scandal involving Wells Fargo that surfaced last year shows the U.S. banking industry still has work to do on improving its culture, Federal Reserve Bank of New York President William Dudley said.

[more]

Why mobile might be the only platform to serve underbanked

03/21/17

The underbanked rely on mobile access more than online or in-person contact. Therefore, the U.S. must follow developing countries’ leads and let consumers sign up for mobile-only accounts.

[more]

Deutsche Bank said to face regulatory fines over currency trades

03/21/17

The German lender says that the Justice Department closed a criminal inquiry into its currency-trading activities without action, but regulators are said to be in the final stages of their own reviews of that conduct to determine if any fines are in order.

[more]

OnDeck adds former Morgan Stanley exec to its board

03/21/17

Jim Rosenthal previously served as chief operating officer at the Wall Street investment bank. He joins the board of an online lender that has recorded losses in five straight quarters.

[more]

Citizens Community in Wis. to buy Wells Financial in Minn.

03/21/17

Citizens will pay about $40 million in cash and stock for the $269 million-asset Wells in a deal set to close in the third quarter.

[more]

Remembering David Rockefeller; Wells still reeling

03/21/17

The grandson of the oil titan and the former head of Chase Manhattan passes away at 101; Wells reports biggest drop in new account openings since the scandal.

[more]

Deutsche Bank seeks to court fintech with New York innovation lab

03/21/17

The German bank said the new space will help its 7,000 bankers in New York connect with startups.

[more]

Laundered Russian cash flowed through major banks: Report

03/20/17

Cash that flowed from Russia through a vast money-laundering network sometimes ended up passing through the world's largest banks, including Citigroup, Bank of America, and HSBC, the Guardian reported, citing a cache of financial records it reviewed.

[more]