BankThink

Breaking News This Morning ... Obama Said to Pick Mel Watt to Run FHFA: Watt, a Democratic congressman from North Carolina, would be the agency's first official director since 2009. Ed DeMarco has toiled as the acting director since then, and his policies have been unpopular with the administration, Democrats, and housing and consumer advocates. A formal announcement is expected today, various anonymice told their preferred media outlets. Bloomberg, Huffington Post, Politico Receiving Wide Coverage ... ...

The European trend to restrain CEO pay is gaining momentum in the U.S. It suggests the double-digit raises that American bank bosses have enjoyed the past few years may not last.

Receiving Wide Coverage ...

JPM Shakeup, Day Two: The departure of Frank Bisignano — one of a dozen senior executives to leave JPMorgan in the last four years — "has heightened worries about the persistent executive turnover at the bank," reports the Times. Some "wonder if the many reshufflings at the top point to a larger problem within the bank." Echoing the Journal's story yesterday, the Times calls Bisignano's exit "a particularly difficult loss for the...

A payments startup that ignores Bitcoin in its strategic plan is like a publisher ignoring the Web in 1999.

A heightened regulatory focus may be a direct result of early positioning as a business distanced from the rest of the payments industry, which may be keeping more banks from offering prepaid products.