BankThink

Why Wealth Managers Still Have a Shot at Winning Millennials

11/03/15

Although millennials are less trusting of financial advisors than older investors, there are still ways for wealth management firms to court younger clients.

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High Costs Endangering Military Banks at a Critical Time

11/03/15

Fees charged to military banks under Department of Defense agreements are forcing branches to close, removing a key resource for troops and families.

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Morning Scan: RBC Plans to Kickstart Jumbo Mortgages at City National; Visa's Price Tag for Visa Europe

11/03/15

Wall Street Journal Royal Bank of Canada has big plans for wooing the wealthy now that it's locked up City National Bank. After closing its $5.4 billion purchase of the Los Angeles lender, the Canadian bank plans to rework its jumbo-mortgage product, in an attempt to lure more high-net-worth clients. It's not a novel concept. Other banks have used jumbo mortgages as bait to reel in the rich and sell them other products, such as investmentÂ...

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It's Okay for Stress-Tested Banks to Talk Back in School

11/02/15

Banks undergoing annual Federal Reserve assessments should feel emboldened to challenge "matters requiring attention," and the Fed should hear them out.

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Why Can't Banks Talk to Foreign Partners on AML Threats?

11/02/15

For "suspicious activity reports" to help combat crime, banks need to be able to disclose reports to their foreign branches and affiliates.

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Morning Scan: Banks Fight Apple Pay; Concerns About Arbitration

11/02/15

Breaking News This Morning ...

Visa: Visa agrees to buy Visa Europe for about $23 billion.

HSBC: HSBC postpones HQ decision. Wall Street Journal

The Uber-killed-taxis narrative doesn't apply to banks vis-a-vis Apple Pay, said "Heard on the Street." Take JPMorgan Chase's Chase Pay as an example. JPMorgan has already inked deals with Walmart and Best Buy to accept payments through Chase Pay. Yes, JPMorgan is having to cannibalize its own profits to win market share. (Isn't that what...

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Morning Scan: KeyCorp to Buy First Niagara; RushCard Plans Refunds

10/30/15

Breaking News This Morning ...

KeyCorp to Buy First Niagara: KeyCorp announced early Friday that it plans to acquire First Niagara Financial Group for roughly $4.1 billion. The announcement, which was quickly heralded one of the biggest bank mergers of the year, added further fuel to claims that 2015 has been the biggest year for banks since the crisis, the Wall Street Journal writes. The deal capped off a busy week for bank mergers, after New...

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White House Opposes GSE Recap, Homebuyers Suffer

10/30/15

The administration apparently intends to leave office without addressing Fannie Mae and Freddie Mac's capital bases and therefore the tight credit conditions.

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Women in Banking: JPM's Eileen Serra on Mobile Wallets; Boardroom Momentum

10/29/15

Cybersecurity expertise is helping more women get board seats, as is the British government; MUFG Union's Stephen Cummings calls for faster progress on the diversity front; JPMorgan's Eileen Serra announces a new mobile wallet called Chase Pay; and Deustche's Susan Skerritt shares some leadership lessons.

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Don't Blame Prepaid for the RushCard Glitches

10/29/15

The RushCard debacle should lead to consumer improvements, but it should not undercut the progress prepaid has made in helping consumers manage their finances.

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