BankThink

The FTC's move to hold payment processors responsible for the deeds of unscrupulous merchants could result in higher prices or less choices for small businesses and consumers.

Provide them with a basic understanding of the banking system, share your firm’s strategic vision and encourage communication between departments and affiliates.

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Central Banks Warn Private Sector to Act: The world's central banks have done their job; now it's time for political leaders to do theirs. That's the message delivered by the Bank for International Settlements, colloquially known as the central bankers' bank, in the wake of Federal Reserve Chairman Ben Bernanke's comments that the Fed may slow its bond-buying program later this year. "Cheap and plentiful central bank money had merely bought time,"...

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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Lawsky Strikes Again: Benjamin Lawsky has certainly had a busy week. The New York state regulator followed up his $10 million Deloitte settlement with a $250 million settlement with Bank of Tokyo-Mitsubishi UFJ over money-laundering allegations on Thursday. True to form, the settlement upstages an $8.5 million fine the Japanese bank paid to federal regulators last December. (Scan readers will recall that last year, Lawsky reached a $340 million money-laundering settlement with...