BankThink

House Democrats optimistic about pot banking bill despite Trump objections

02/28/17

Democratic lawmakers in favor of legitimizing marijuana business are not being discouraged by the Trump administration's comments indicating it may pursue a federal crackdown in states where pot is legal.

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Even JPMorgan couldn’t bigfoot the middle market

02/28/17

The largest U.S. bank’s yearslong effort to do more business with midsize commercial firms has progressed in fits and starts but never met expectations. More patience will be required, but executives say the payoff could be sooner rather than later.

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Cloud-based ClearBank to launch in U.K. to challenge legacy payments

02/28/17

Financial services providers and fintech startups in the U.K. will soon have another bank to work with to gain access to the country's payment systems and core banking technology — and potentially save money in doing so.

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Take the Pokemon Go approach to bank sales

02/28/17

It is a fallacy that customers respond only to monetary rewards. Banks should use psychological rewards to drive digital product sales just as popular mobile apps do.

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The good and bad signs in FDIC's 4Q report card

02/28/17

Banks had a largely positive fourth quarter, but the Federal Deposit Insurance Corp. still saw signs of concern ahead, including slower overall loan growth.

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Give all creditworthy borrowers mortgage loans, regardless of race

02/28/17

Biased housing finance practices perpetuate the wealth gap between whites and communities of color.

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Mike Mayo seeks work; Prosper gets funding

02/28/17

The longtime bank analyst is one of many who lost their jobs when CLSA shut its U.S. equity research unit; marketplace lender forms group to buy $5 billion of loans

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Walmart updates app to ease money transfers

02/28/17

The retailer is set to announce Tuesday that it is updating its app to allow its customers to input money transfer information electronically rather than having to fill out paperwork in the store.

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Struggling marketplace lender announces funding deal

02/27/17

Prosper Marketplace will receive as much as $5 billion in loan funding under a deal that will provide investors an equity stake in the San Francisco company

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CLSA, home to gadfly analyst Mike Mayo, closes doors in U.S.

02/27/17

As part of the closure, the Hong Kong company — whose brand in U.S. banking was closely linked with Mayo — has shut down its widely followed research division.

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