BankThink

Boosting Your In-House Big Brother May Stop Employee Crime

07/15/16

Using methods akin to fighting external hacking can also address risks of employees committing legal or ethical lapses.

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The First Question in Strategic Planning: 'What Can Go Wrong?'

07/15/16

Risk management is not limited to assessing potential successes and failures of everyday business. Strategic risk management is just as important.

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Morning Scan: Mixed Bag for Citi, Wells Q2 Earnings

07/15/16

Hot off the presses: Citigroup and Wells Fargo reported Friday morning that they saw second-quarter profits fall from a year earlier, though both either met or exceeded analyst expectations. Citigroup reported $4 billion in profit on $17.55 billion of revenue. Wall Street Journal, New York Times, American Banker, Financial Times Â...

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Women in Banking: Bro Talk Must Go; Wells Fargo's Tolstedt to Retire

07/14/16

A former Wall Street trader contends that "bro talk" is keeping women down, and it often comes from bosses; B of A says there is no "bro's club" at the company; Mary Mack is succeeding a retiring Carrie Tolstedt at Wells Fargo; and Barclays' Barbara Byrne tries a new recruiting tactic. Also, with Theresa May as U.K. prime minister, could we soon see mostly women running the western world?

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Credit Union Opposition to CFPB Arbitration Plan Is Baffling

07/14/16

Lobbyists for the credit union industry are decrying a proposal to limit forced arbitration clauses despite ample evidence that credit unions donÂ't use such clauses in the first place.

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Killing the Durbin Amendment Is a Horrible Idea

07/14/16

Congress should abandon the idea of repealing a section of the Dodd-Frank Act that has helped make pricing for payment processing more competitive.

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Morning Scan: JPM Earnings Outpace Expectations

07/14/16

Breaking News This Morning ...

Earnings kickoff: JPMorgan Chase surprised investors with fairly strong second-quarter results Thursday morning. The company posted a profit of $6.2 billion and managed revenue of $25.21 billion, beating analyst projections. Trading revenue surged 23% to $5.56 billion. The Financial Times published a rundown of issues to watch – including any executive comments about the Brexit – as banks roll out their earnings this month. Meanwhile, the Journal will be live-blogging details...

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Facebook 'Likes,' Twitter Followers Won't Buy You Customers

07/13/16

Social media may be the soup de jour of bank marketing, but its value as a business acquisition tool may be greatly exaggerated unless banks fine-tune their strategies.

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Upside of KYC: Winning Over More Millennials

07/13/16

The rules, meant to deter crimes like money laundering, offer banks and others a rare chance to gather valuable information that helps create personalized experiences millennials want.

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Morning Scan: SoFi Mulls Utah Bank Charter

07/13/16

Receiving Wide Coverage ...

Future of banking: In fintech, as in life, it all comes full circle. While banks are rushing to disrupt themselves through new offerings and partnerships with Silicon Valley, the startups are beginning to look more like banks. The Wall Street Journal published a lengthy profile Tuesday of online lender Social Finance, which has made $10 billion in loans, including student loans, since 2011. The company has reportedly been in discussions with Utah...

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