BankThink

Receiving Wide Coverage ...

BofA's Stress Test Stress: Bank of America cleared a major hurdle Thursday, as the Federal Reserve announced it had approved the bank's resubmitted capital plan. As a result, the bank can continue its annual dividend and stock buyback. The regulatory OK was a huge relief to the company's executives, including chief Brian Moynihan, who had been working for months to remedy issues in coordination between units, according to the New York Times....

JPMorgan Chase's Eileen Serra is giving up her CEO title (for a very interesting reason); CIT Group's Ellen Alemany is getting to work sooner than expected with a big housecleaning; and Meredith Whitney resurfaces with an insurance company. Plus, inclusion confusion, the "Person of the Year" (it's a woman for the first time in 29 years), and Saudi Arabia.

Angus Deaton's efforts to improve understanding of poverty have helped opened the door to financial services firms meeting the market demands of the world's poor.

Several CEOs hitting the magic age of 63 have chosen to sell their institutions, suggesting a dearth of younger executives waiting in the wings.

Receiving Wide Coverage ...

Bitcoin's Satoshi Nakamoto Revealed?: Two independent reports came out Tuesday identifying Australian businessman Craig Steven Wright and deceased American computer forensics expert Dave Kleiman as the probable creators of the digital currency bitcoin. No sooner were their identities revealed as the likely creators than Australian federal police raided Wright's suburban Sydney home in an alleged tax investigation. Wired was the first to report Wright was probably the pseudonymous Satoshi Nakamoto. The website...