BankThink

Fannie and Freddie should offer upfront risk-sharing options in order to give lenders an opportunity to lower their guarantee fees while encouraging more private capital and competition to flow into the secondary mortgage market.

Community bank CEOs truly stand out from the crowd when they possess a contagious enthusiasm that motivates sales teams, a discerning approach to hiring and an insatiable desire to innovate.

Receiving Wide Coverage ...

The World's Local Bank, but Smaller: HSBC announced a plan to cut 25,000 to 50,000 jobs worldwide, in an effort to save about $5 billion yearly. How many of those job cuts will hit its U.S. operations wasn't reported. But the Wall Street Journal said HSBC plans to have its U.S. bank focus on international operations and less on domestic operations. "We will obviously need to turn the U.S. business around," CEO...

Apple Pay's security shortcomings were likely deliberate, done with the goal of making signups and initial usage as easy as possible for shoppers. And so far, it's worked.

Wall Street Journal

Time to crack down on the tellers. Banks were advised to limit tellers' access to customer data and also do more to detect signs of misbehavior. New York Attorney General Eric Schneiderman sent that advice to banks in a letter on Friday; the AG's office has been investigating tellers for stealing customer data and money, an unnamed source said. In one case, a group of tellers and outside accomplices stole $850,000 using customers'...