BankThink

An obscure bill in the House would go a long way to protect taxpayers by giving megabanks an incentive to deleverage and shrink. So why has it gone nowhere?

Receiving Wide Coverage ...

Stress Tests, Part II: Citigroup bore the brunt of bad press associated with the Federal Reserve's second round of stress test results, given that the bank had its capital plan rejected by the central bank for the second time in three years. The Journal calls the Fed's decision Â-- which appears to be based on "qualitative" measures Â-- "a surprising blow to Chief Executive Michael Corbat's effort to bolster the bank's reputation...

Rilla Delorier, SunTrust's marketing chief, says banks need to work together to promote financial health and change behavior. "We have to do this to save our industry," she says.

Receiving Wide Coverage ...

Another One Bites the Dust: Since JPMorgan Chase let $6 billion get swallowed by its London Whale, the bank has lost or replaced most of the senior executives below CEO Jamie Dimon, including its chief financial officer, co-chief operating officer, chief risk officer, chief compliance officer, co-head of litigation, chief investment officer, chief information officer and head of consumer banking. Now you can add to that list Mike Cavanagh, co-head of JPMorgan...

The housing sector is increasingly a drag on consumption and job creation. The fault lies not with the market but with ill-considered regulations and bank capital rules.