American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
The San Carlos, Calif., firm is following a similar blueprint as other online lenders — launching with a particular loan product, refining its algorithms, and then seeking to expand into other corners of consumer finance.
After questions arose after the 2016 Comprehensive Capital Analysis and Review stress test, the Fed said Thursday that it would not object to the bank’s resubmitted capital plan.
KPMG said Webster did not properly document a change in the way it calculates its provision for loan losses. The bank does not expect to restate its financial results or incur any meaningful increase in costs because of the problem.
A Federal Reserve proposal to set higher capital requirements for certain physical commodities may contravene Congress’ intent by making possession of those assets financially untenable, financial groups claim.
Bank blockchain leaders say the technology is solid and privacy's been solved mostly. They’re focused now on integration, collaboration and saving money.
While JPMorgan Chase’s Marianne Lake looks forward to the Trump administration relaxing regulations, Mary Callahan Erdoes emphasizes the limitations of robo-advice. Alice Dittman of Cornhusker Bank shares her philosophy about building trust with customers, Hazel Moore of FirstCapital worries about the toxic work culture in investment banking, and the gender pay gap persists even when women outperform men.
