BankThink

OCC Hasn't Issued Wells Fargo's CRA Score in Eight Years

10/04/16

The bank's fake account scandal is further reason to make the results of Wells' 2012 Community Reinvestment Act exam public.

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First Step to Ending Sexism in Banking: Recognize It

10/04/16

Male bankers are often unaware of how they benefit from a level of privilege that limits the advancement and contributions of their female colleagues, to the detriment of the entire industry.

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Morning Scan: Ending Arbitration at Wells; Property Loan Pullback

10/04/16

Receiving Wide Coverage ...

More pain for Wells: Sen. Sherrod Brown, D-Ohio, said he plans to introduce a bill that would prevent Wells Fargo from forcing customers to use arbitration clauses if they challenge the bank for opening bank accounts without their permission, a move that would make it easier for customers to sue the bank for any damages they may have incurred as a result. "Giving customers back their right to take Wells Fargo to...

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The Wells Fargo Scam Is a Gift to No One

10/03/16

While the Wells Fargo scandal might offer marketing opportunities for community banks, there is concern about regulatory fallout that fails to distinguish between large and small banks.

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There's Still Time to Stem Decline of Black-Owned Banks

10/03/16

A strategy to reinvigorate black-owned financial institutions would not only bring hope to the black community but would also be an inspiration for other minorities who seek to be more effectively served by financial institutions that understand their needs.

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Morning Scan: Deutsche Bank Steals Spotlight; Clawback Critique

10/03/16

Receiving Wide Coverage ...

Deutsche's turn in the hot seat: Deutsche Bank replaced Wells Fargo as the financial world's favorite whipping boy, at least over the weekend. The Financial Times reports that Germany's deputy chancellor and economics minister, Sigmar Gabriel, "launched a blistering attack" on Deutsche's CEO John Cryan after Cryan last week blamed "forces in the market" for trying to destabilize the bank. "I didn't know whether I should laugh or be furious that a...

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Wells Fargo Scandal Exposes Need for Bank Loan Officer Licensing

09/30/16

Restoring consumer confidence in financial services won't be easy after the latest banking brouhaha, but the Consumer Financial Protection Bureau can help by proactively holding all mortgage loan officers to the same federal licensing standard.

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How to Deal with AML Risks from a Fintech Partnership

09/30/16

Strategies include developing formal agreements with partners defining the anti-money-laundering requirements and responsibilities that are expected of them.

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Morning Scan: Threats to Split Up Wells Fargo; IBM Buys Promontory

09/30/16

Receiving Wide Coverage ...

Run on Deutsche?: Deutsche Bank shares were under pressure again Friday morning as several large, influential hedge funds moved to pull their money out of the bank, creating what some fear is a Lehman Brothers-type run. But CEO John Cryan told staff the bank has "strong foundations" and urged them not to be distracted by "distorted perception from outside." He said there are "currently some forces at play in the market that...

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Women in Banking: Power, Empathy, and Courage

09/29/16

The rankings of the Most Powerful Women in Banking and Finance include some familiar faces but also plenty of newcomers. We also look at the courage women demonstrate balancing work with their personal lives and a call to action from SEC chair Mary Jo White.

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