BankThink

The Compliance Officer Bill of Rights

02/22/16

With the stakes so high for compliance officers, their rights and responsibilities should be clearly defined, including a safe harbor for those who play by the rules.

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Mobile Banking Isn't a Death Knell for the Branch

02/22/16

Industry pundits have been predicting the demise of the branch since the dawn of online account access 20 years ago, but digital services haven't replaced branches. They have just increased the contact banks have with their customers. That's won't change anytime soon.

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Morning Scan: HSBC's Asian Hiring Probed; Courts Hear Home Trickery Cases

02/22/16

Receiving Wide Coverage ...

Asian Hiring Probe: HSBC is the latest bank to be probed over potential conflicts in hiring candidates referred by or related to high-ranking government officials in Asia. The Securities and Exchange Commission is investigating HSBC and "multiple financial institutions" for their hiring practices, HSBC said during its earnings report. JPMorgan Chase was investigated, starting in 2013, for hiring the children of Chinese officials, in exchange for allegedly receiving preferential treatment on deals. ...

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Anxiety Over Living Will Grades Goes Beyond Banks

02/19/16

With the Federal Reserve and Federal Deposit Insurance Corp. poised to announce the results, it's not clear who should be the most nervous: banks, regulators or the American people.

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Contrary to What Small Banks Think, Durbin Can Help Them

02/19/16

Not only does evidence point to small banks escaping interchange restrictions Â-- as Congress intended Â-- but there are also signs smaller institutions are gaining retail market share because of the exemption.

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Who's Ready to Throw Out Dodd-Frank? Swing Voters

02/19/16

Survey results of voter attitudes from competitive swing districts indicate that the 2010 financial law is ripe for reform.

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Morning Scan: IPO Market's Woes Drag Down First Data; GM Pushes into Banking

02/19/16

Wall Street Journal

The IPO market has been dreadful of late. A few big-name financial-services companies held IPOs last year and they have been hurt by the carnage. First Data raised $2.82 billion from its Oct. 14 IPO, but since then its shares have fallen 29%. Square had to sell shares in its IPO below the level at which the company was valued by private investors in 2014. However, Square's stock has risen 11% since its...

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Women in Banking: Ally's Aspirations; Warren as One of the Supremes?

02/18/16

Ally Bank CEO Diane Morais talks about rolling out mortgages and credit cards; thereÂ's talk of putting Sen. Elizabeth Warren on the Supreme Court; the judge in the MetLife SIFI case talks tough to FSOC; the Mean Girls talk really has to go; and how corporate directors talk about the lack of women on boards (warning: men think there arenÂ't a lot of qualified women, but, um, could that be because their network is mostly male?).

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Restoring Industry's Reputation Is Key to Bridging Talent Gap

02/18/16

Correcting misperceptions about banking, in addition to focusing on recruitment efforts, will help fix an apparent rupture in the talent pipeline.

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Bank or No Bank, Fintech Must Be Regulated

02/18/16

Banks are enthusiastic about innovation that involves both traditional institutions and nonbanks, but a more cohesive regulatory landscape is needed for cooperation between banks and fintech to grow even more.

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