BankThink

As digital currencies become increasingly popular in Latin American countries, partnerships between banks and Bitcoin exchanges can help expedite cross-border transfers.

A number of banks have cut ties with business lines that are seen as high-risk in an effort to dodge the threat of enforcement actions. The result is stunted job creation and innovation, not to mention customers who are denied much-needed services.

Receiving Wide Coverage ...

Housing Rebound?: The Wall Street Journal and Washington Post both have articles noting the significance of the Federal Housing Authority returning to the black for the first time since 2011. The FHA served as a backstop for the housing market during the financial crisis, when other lending sources dried up. But that resulted in a sharp increase in the FHA's default rate. Now the agency has recovered, at least in one sense....

Banks needs to deeply understand the needs of their customers before they start rolling out ambitious high-tech plans.

Wall Street Journal

Banks and other financial-services companies will increase spending on cybersecurity by $2 billion over the next two years, according to a PricewaterhouseCoopers study. Citigroup, for example, now spends about $300 million yearly on cybersecurity, an anonymous source told the Journal. Wells Fargo spends about $250 million per year. JPMorgan Chase now spends about $250 million, but that could double over the next years, CEO Jamie Dimon has said. JPMorgan has about 1,000 workers...