BankThink

GOP Win in November Is First Step to Killing Dodd-Frank

02/08/16

The election of a Republican president could be the first prerequisite to repealing the financial reform law, but banks still need to argue their case for why repeal is necessary.

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Morning Scan: Credit Suisse CEO Cuts His Bonus; Liquor Named for Lehman

02/08/16

Receiving Wide Coverage ...

CEO Slashes Bonus: Credit Suisse chief executive Tidjane Thiam has asked his company's board to cut his bonus. His request comes just days after the bank reported a loss of roughly $5.88 billion in the fourth quarter, which led to a 12% drop in price in the company's stock on the Zurich exchange Thursday. The larger-than-expected quarterly loss resulted from a write-down following a reassessment of the value of Credit Suisse's investment...

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Why the 20-Year Mortgage Is the Answer to Housing Finance Mess

02/05/16

Housing policy focused on government guarantees and the 30-year mortgage hasn't done much to help low- and middle-income homeowners build wealth.

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Marketplace Lenders Have Duty to Report Credit Data

02/05/16

Despite their recent growth, too few marketplace lenders are reporting data to the consumer reporting agencies, which could negative repercussions on the financial system.

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Morning Scan: Dem Debate Focuses on Wall Street; More Bad News for European Banks

02/05/16

Receiving Wide Coverage ...

Democratic Candidates Debate: Wall Street took top billing amongst the topics of Thursday's Democratic presidential debate between remaining contenders Sen. Bernie Sanders, of Vermont, and former Secretary of State Hillary Clinton. Throughout the evening, Sanders repeatedly criticized Clinton for her connections to the financial services industry – and the way in which those connections appear to have benefited her campaign's bank account. "What being part of the establishment is, is in the...

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Women in Banking: The Business of Feminism; Bulgarian Women to Watch

02/04/16

Barclays' Barbara Byrne talks about the impact of conferences, events and endless reports on the state of women's advancement in the workplace. Wall Street women still make 40% less than their male counterparts, the government finds. Could the next U.N. leader be a Bulgarian woman? And a legendary woman in tech on how to achieve gender parity. Also, Cathy Bessant, Louise Roseman and Barbara Boxer.

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CFPB Ignores Complaint Data in Targeting Payday Lenders

02/04/16

The amount of complaints in the Consumer Financial Protection BureauÂ's database dealing with payday loans is relatively small, so why is the proposal to regulate payday lenders so sweeping?

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Blockchain Won't Make Banks Any Nimbler

02/04/16

It is outside the realm of possibility for bitcoin's blockchain to serve any useful purpose for the intermediaries it was designed to replace.

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Morning Scan: Flint's Mortgage Woes; Bank Stocks Take Pounding

02/04/16

Wall Street Journal

The water-contamination disaster in Flint, Mich., may have a new consequence: mortgage lenders appear ready to put a clamp on most home purchase loans. Lenders have started to require that home buyers must provide proof that a property they want to buy does not have contamination.

Nonbank lender Michigan Mutual and banks Wells Fargo and Bank of America have sent notices saying they won't make loans on a properties that don't have drinkable water....

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Ten Reasons Why Fintech Startups Fail

02/03/16

Here are the most common mistakes that would-be financial services disruptors make on their way to trying to execute a great idea and business plan.

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