BankThink

Morning Scan: Hackers Steal from U.K. Depositors

11/08/16

Receiving Wide Coverage ... British bank hacked: Tesco Bank, a unit of U.K. grocery chain Tesco PLC, said Monday that hackers stole money from customer accounts over the weekend, earning the bank "the rare and dubious distinction of losing customer money in a cyber-attack," in the words of the Wall Street Journal. CEO Benny Higgins said about 20,000 accounts had money stolen from them. "Although the numbers are small, the incident is the stuff of nightmaresÂ...

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Banks Need More Concrete Regulatory Steps on De-Risking

11/07/16

Guidance on regulatory expectations is helpful, but it is not yet clear whether such guidance gives financial institutions impetus to onboard or keep clients they perceive to be riskier.

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Hillary Clinton, Elizabeth Warren: Banking Frenemies

11/07/16

If the Democratic nominee wins the presidency, she could quickly face opposition from within her own party regarding her moderate views on banking and economic policy, particularly from Sen. Elizabeth Warren.

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Morning Scan: Bonus Bummer; HSBC Reports Loss

11/07/16

Breaking News This Morning ... HSBC reports: Shares of HSBC jumped 4% Monday after the bank said its main capital ratio rose to 13.9% at the end of the third quarter from 12.1% at the end of June, raising hopes of a dividend increase. Still, it was hardly a great quarter for the bank, as it reported a $204 million net loss versus a $5.23 billion net profit a year earlier. The results included a $1.7Â...

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Headlines from Recent Bank Scandals Are Their Own Problem

11/04/16

Revelations from the last several weeks once again underscore the need for effective reputational risk management.

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It Shouldn't Be So Hard to Dump Your Bank

11/04/16

The spotlight on unethical sales practices at banks has likely led customers to consider abandoning their financial institution, yet too many factors stand in the way of making a switch.

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Morning Scan: Wells in Talks with Prosecutors; Will Keep Cross-Selling

11/04/16

Receiving Wide Coverage ...

More lumps: It was another bad for Wells Fargo. Following a quiet period, the bank disclosed Thursday it is in talks with federal and state prosecutors, including the U.S. Justice Department, over potential abuses related to residential mortgages, which would be unrelated to the phony accounts scandal in its retail banking unit. ...

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Women in Banking: Chatbots and Innovation Beyond Tech

11/03/16

Stessa Cohen warns that if we aren't careful, we could bring old gender biases into world of bank bots; Amy Nauiokas argues bank innovation should be applied more broadly, not just in technology; Marva Smalls recalls how she broke out of her comfort zone; and Esther George of the Kansas City Fed talks about staying true to her convictions. Also, how unbalanced journalism puts more scrutiny on female leaders than on their male counterparts and the silver lining in this presidential election.

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Define Your Culture by What It Is, Not What It Isn't

11/03/16

The intense focus on sales cultures can be frustrating, but it also presents an opportunity for everyone within a bank to get on the same page about what the institution stands for and is trying to accomplish.

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Banks Should Embrace These 5 Parental Leave Policies

11/03/16

The U.S. is the only industrialized nation without mandated paid parental leave, but innovative leave policies are an opportunity to attract and retain employees in a highly competitive industry.

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