BankThink

Women in Banking: Toasting the Future and Jamie Dimon's Mom

10/13/16

Geena Davis made a rousing speech on unconscious bias at the annual gala for our "Most Powerful" honorees. Sheila Bair writes about the importance of hiring and promoting women, while Ghela Boskovich warns that doesn't necessarily give women a voice in their organizations. Also, Avid Motjtabai, Jamie Dimon, Julie Stackhouse and a real-life Peggy Olsen.

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OCC Deserves More Scrutiny in Wake of Wells Fraud

10/13/16

Without investigations by the Los Angeles Times and city prosecutors, the Wells Fargo account scandal would never have come to light. Where were federal regulators?

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Getting Girls Interested in Tech Could Lead Them to Banking

10/13/16

To help ensure that women are included in digital banking's future, we must reach girls and young women at an earlier age than their college years to equip them with the IT tools they need to succeed in tomorrow's workforce.

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Morning Scan: Stumpf Quits; Living Wills Offer Internal Bailouts

10/13/16

Receiving Wide Coverage ...

Stumpf leaves: Wells Fargo chairman and CEO John Stumpf announced Wednesday he is retiring immediately, as was widely expected following the bank's phony accounts scandal. "The toppling of Mr. Stumpf, 63 years old and just shy of his 10th year as CEO, marks a stunning comedown for a firm that largely passed through the financial crisis unscathed and which was seen as a reliable Main Street lender," the Wall Street Journal commented. ...

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Three Mistakes to Avoid When Closing a Branch

10/12/16

About two-thirds of banks that close branches will lose deposit share in their impacted markets in time. Here's how to prevent customers from leaving your bank.

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A Bank's Data Needs Its Own Balance Sheet

10/12/16

Institutions should define data "liabilities" and "assets" and represent them in a way that both touts data successes and is transparent about data gaps.

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Morning Scan: CFPB Body Blow; Wells Looks to Reboot

10/12/16

Receiving Wide Coverage ... CFPB loses appeal: A federal appeals court ruled Tuesday that the CFPB's structure, in which an unusual amount of power and autonomy is invested in a single director, is unconstitutional and ordered its powers be curbed. "If it stands, the decision from the U.S. Court of Appeals for the District of Columbia would reduce the agency's independence, empowering the White House to supervise the agency and remove its director, in contrast toÂ...

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Why CFPB Rule Is Boon for Tomorrow's Prepaid Customer

10/11/16

The new prepaid rules make it harder for bad actors to enter the industry while also being broad enough to apply to future digital products.

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Climate Change Lessons for Fighting Sexism in Banking

10/11/16

Just like climate change, it is impossible to deny the gender bias in banking. Instead of sweeping bias under the rug, seek out the inequalities and unfair practices and fix them.

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Morning Scan: Wells Shuffles Execs; Commercial Loan Growth Slows

10/11/16

Receiving Wide Coverage ...

Wells names senior team: Wells Fargo announced several management appointments Monday even as it continues to try to manage the fallout from its phony accounts scandal. Avid Modjtabai, who previously led consumer lending at the bank, has been named head of a new payments, digital and innovation group. Franklin Codel was named to replace her as head of consumer lending. The two managers were named by President and COO Timothy J. Sloan,...

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