BankThink

Do Financial Institutions Have Any Attorney-Client Privilege Left?

08/28/15

Banks need more clarity about the circumstances under which attorney-client privilege applies. Otherwise they may decline to ask questions about the legality of their actions, leading to even more compliance problems.

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Morning Scan: Mixed Opinions on Interest Rate Hike; BNY Mellon Glitch Update

08/28/15

Receiving Wide Coverage ...

Mixed Signals: The backlash to the backlash has begun. After the China-infused market meltdown, hopes were dashed for a September rate hike, with voices ranging from Larry Summers to William Dudley calling the timing into question. Now we hear voices calling out, according to reports in the Wall Street Journal, New York Times and CNBC, to quit dragging your feet and get on with it. ...

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Women in Banking: Shih's UBS Success Story; Banking's Power Couples

08/27/15

UBS' Kathryn Shih attributes part of her success in wealth management to understanding that money is an emotional topic; #TheNew10: still not thrilled about Jackson > Hamilton; banking power couples; and more.

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Spa Days and Office Beers Won't Solve Your Bank's Talent Problem

08/27/15

Companies miss the mark when they try to woo top talent with tantalizing perks rather than a meaningful workplace culture.

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Data Privacy and AML Rules on a Transatlantic Collision Course

08/27/15

The contradictory nature of data privacy and anti-money-laundering rules in the U.S. and E.U. pose a big challenge for multinational banks. But the financial sector can help fix the problem by establishing industry standards that balance national security with individual rights.

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Morning Scan: Fed Pushes for Real-Time Payments Monitoring; BNY Mellon Software Glitch

08/27/15

Wall Street Journal

The Federal Reserve wants big banks to monitor payments in real-time and they want it done now. JPMorgan Chase will meet with Fed officials this week to discuss the bank's response to the Fed's demands; CEO Jamie Dimon has said JPMorgan has assigned 400 people to the project, known in banker parlance as "intraday liquidity." Bank of New York Mellon is also at the top of the Fed's to-do list. ...

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Morning Scan: Fannie Mae Program to Expand Loan Qualifications; The Return of QE?

08/26/15

Wall Street Journal

The paper has a story on Fannie Mae's revamped HomeReady program, designed to give help to low-income families in qualifying for low downpayment mortgages. Details of the program were outlined in American Banker on Tuesday.

Wells Fargo expects to implement the program, said executive Brad Blackwell. Wells believes the program will help minority groups, although it may take some time to start working. ...

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Millennial Employees Are Key to Banks' Reputations

08/25/15

Whether it's in your branches, through your customer service lines, in your communities, or through mainstream or social media, it's your employees Â-- many of them millennials Â-- who can make or break your reputation with customers and prospects.

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What It Takes to Be One of the Best Banks to Work For

08/25/15

If you want your bank to be one of the best to work for, you can pick up a lot of pointers from those in our third annual ranking.

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Banks Only Hurting Themselves by Shunning Alternative Lenders

08/25/15

Marketplace lenders and other alternative finance companiesshould be perceived not as a threat, but rather as a group of pioneers opening up opportunities for those banks that elect to buy, build or partner in this market.

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