BankThink

All the ways AI will slash Wall Street jobs

03/16/17

The use of artificial intelligence in capital markets is predicted to displace people all over the Street. At the same time, a few new jobs will be created.

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The Trump plan that may hurt red state bankers

03/16/17

President Trump’s first budget blueprint calls for the elimination of the Treasury’s Community Development Financial Institution grant program, a fund that has traditionally enjoyed bipartisan support but that conservatives have criticized as wasteful.

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Trump budget slashes HUD funding, but keeps FHA intact

03/16/17

President Trump's budget released Thursday calls for slashing the Department of Housing and Urban Development's funding by 13%, or $6.2 billion, compared with 2016 levels, a blow to many bankers who say affordable housing programs and other HUD initiatives are vital to their work.

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How one bank found itself in the middle of the immigration debate

03/16/17

Devon Bank in Chicago has a long history serving immigrant groups in one of the nation's most diverse neighborhoods. Right now, its clients are worried about President Trump's actions on immigration and deportation.

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Aggregate lending may be up, but it’s more complicated than that

03/16/17

When one considers the available data on bank lending, there is a lot more to the story. The solid loan growth at commercial banks in recent years has been concentrated in some of the sectors that appear least in need of credit.

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Blockchain VC to raise fund through digital token offering

03/16/17

The ICO fundraising model has already yielded more than $230 million for startups.

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The future of faster payments is collaboration

03/16/17

The industry has made great strides in faster payments over the past year. Even more cooperation among stakeholders will be needed in the year ahead.

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Wells CEO pay revealed; Wall Street bonuses rise

03/16/17

CEO Timothy Sloan earned nearly $13 million last year in base pay and stock; Wall Street bonus pool rises from 2015 but still lags the years before the crisis.

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ShopKeep buys ChowBot to focus on restaurant payments

03/16/17

Mobile point of sale vendor ShopKeep has purchased ChowBot, an online order-and-pay software tool for restaurants, with plans to broadly integrate the new feature into its services for small businesses.

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Is Citi out of step in a Trump world? No, says Corbat

03/15/17

Citigroup CEO Michael Corbat stuck up for his embattled retail unit in Mexico, downplaying concerns that protectionist White House policies may harm the subsidiary or the overall company's global strategy.

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