BankThink

Payments startups may be fast and smart, but banks have compliance know-how, an established customer base and physical branches that will help them hook customers on new products.

Receiving Wide Coverage ...

UBS Dark Pool Probed: Swiss bank UBS disclosed on Monday the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the New York attorney general are investigating its dark pool operation, the Wall Street Journal reported. Meanwhile, Deutsche Bank got an inquiry about high-speed trading, the Financial Times said. Barclays is already the focus of an Eric Schneiderman probe into whether it has deceived electronic trading investors. Dark pool trades are...

The solar industry is still developing, but Mercatus CEO Haresh Patel has suggestions for banks that want to get in on it now.

AirbnbÂ's recent rebranding featured personal narratives from employees and customers as well as stories that emphasized the companyÂ's local roots. Banks can apply these lessons to their own marketing and product development, according to consultant Sam Maule.

Receiving Wide Coverage ...

Foreign Banks to Face the Music: Banks outside the U.S. will have to deal with loan losses sooner under a new accounting rule issued by the International Accounting Standards Board. "Under the new standard, non-U.S. banks will have to book loan losses based on their expectation that future losses will occur, beginning in 2018," the Wall Street Journal reports. "That is expected to speed up the booking of losses and require greater...