BankThink

Receiving Wide Coverage ...

Santander Feels the Heat: The Federal Reserve has issued a sweeping enforcement action against Banco Santander's U.S. holding company, ordering it to improveÂ--well, a whole lot of stuff. Regulators identified Santander's capital management, corporate governance, and ability to meet daily funding needs as areas in need of remediation, along with risk management at its consumer lending unit. No fine is attached to the action yet, but the Fed could add one later....

MetLife and its allies are pushing back against the Financial Stability Oversight Council. But it's well worth imposing additional regulatory costs on large nonbanks if doing so helps prevent another crisis.

There are plenty of opportunities for banks to collaborate with the tech startups that are driving rapid change in the financial industry. But first they need to find innovative ways to address systemic challenges like compliance as well as cultural differences.

Receiving Wide Coverage ...

What's Next for Greece: One day after Greeks voted overwhelmingly to reject the bailout terms offered by European creditors, the country's future is up the air. One thing that's for sure: controversial Greek finance minister Yanis Varoufakis is stepping down at the behest of prime minister Alexis Tsipras in an effort to smooth upcoming negotiations with European creditors. Varoufakis has no regrets about the hardball tactics that aggravated eurozone officials: "I shall...

Allowing real estate investment trusts to bridge the capital need for affordable housing could help de-escalate a rising public funding crisis.