BankThink

Banks Are Failing to Educate Consumers About EMV

10/23/15

With the EMV liability shift having just passed, banks and merchants alike are scrambling to comply with the card network-imposed deadline.

[more]

Morning Scan: Barclays, Credit Suisse in Dark Pool Settlement Talks; Report Pleads for Rate Hike

10/23/15

Breaking News This Morning ...

Earnings: Citizens Financial Group, First Niagara Financial Group, Prosperity Bancshares Wall Street Journal

Barclays and Credit Suisse Group are in talks to pay a combined $150 million to settle a lawsuit that alleges wrongdoing in the operation of dark pools, the private stock-trading platforms that have come under regulatory scrutiny. The Securities and Exchange Commission and the New York State Attorney General are in discussions with the banks about the settlement, unnamed sources...

[more]

Women in Banking: Alemany Returns; Citi, Deutsche Add C-Level Women

10/22/15

Great news: Women snagged a handful of C-level titles at big companies this week, including Ellen Alemany, Kim Hammonds and Heather Cox, and Square stands out in Silicon Valley with a leadership team that's 60% women. Bad news: the gender pay gap is growing and there are only two women among Harvard's picks for the top 100 CEOs globally. Also in the news: Blackrock's Cheryl Mills, B of A's Cathy Bessant and ICICI's Chanda Kochhar.

[more]

Where's the Proof that Durbin Failed Consumers?

10/22/15

Industry representatives are howling about the lack of consumer benefit from the Durbin amendment, but we still know very little about the impact of the debit fee cap.

[more]

Don't Let Presidential Bank-Bashing Get You Down

10/22/15

The industry will undoubtedly get bad press in an election cycle, but here is what institutions should do and not do about it.

[more]

Morning Scan: Swiss Banks' Tax-Evasion Secrets; Taxi Lenders' Woes

10/22/15

Breaking News This Morning ...

Earnings: Huntington Bancshares, Iberiabank, Community Bank System Receiving Wide Coverage ...

Thain's Exit: Everyone takes a look at John Thain after he announced his pending retirement as head honcho of CIT Group. Thain's narrative is re-told, as he departed Merrill Lynch with the Wall Street bank in a mess, returned to CIT to implement a turnaround and exited after the crowning achievement of the OneWest Bank acquisition. All the reports mention his successor,...

[more]

Replace Those Aging Core Systems Now

10/21/15

So many banks are running systems that were implemented before 1984, the year Mark Zuckerberg was born. TheyÂ're going to be dead meat in the age of real-time connectivity in the near-free world of todayÂ's mobile Internet.

[more]

No-Brainer Nonprime Lending Reforms We Should All Get Behind

10/21/15

Regulatory action is needed to weed out patently unfair fee structures, but as an industry we should and can do better on our own.

[more]

Morning Scan: A JPM Divestiture; Pivotal Moments at SEC, Fed

10/21/15

Breaking News This Morning ...

Earnings: New York Community Bancorp, Fulton Financial, BankUnited Receiving Wide Coverage ...

Breaking It Off: It has been a nice, decade-long relationship between JPMorgan Chase and Highbridge Capital Management, but the private-equity business is basically saying it's time to move on. And even JPMorgan officials agree it is time to see other people, so to speak. Reports in two major dailies said Jamie Dimon & Co. is close to finalizing a deal that...

[more]

EMV Not an End-All for Card Security

10/20/15

While migration to cards with chip technology should help mitigate card fraud, additional steps by retailers and more layers of security are needed.

[more]