News Topic: BankThink
Search Results
Walgreens eyes Wall Street’s turf with new bank account offering
How racial justice push sparked new CRA law in Illinois
TTCU donates $100,000 to Tulsa race massacre memorial
Wells Fargo unwinds Archegos exposure without posting losses
Will Senate vote on CFPB chief come down to tiebreaker?
Bank of America’s 1,800 campus hires to be trained online, work in offices
Bank stocks drop on hedge fund fears; Deutsche extends Sewing’s contract
The fallout may go beyond large losses at Nomura and Credit Suisse from Archegos Capital; the bank’s CEO is getting five more years as the stock rebounds following a massive restructuring. ]] ... Read full article
Visa, Mastercard face new pushback in $5.5 billion retailer suit
Visa and Mastercard are facing fresh opposition from U.S. retailers in a long-running legal fight over the fees merchants pay each time consumers swipe their credit or debit card at checkout. ]] ... Read full article
Debit's on a roll. Are small merchants getting rocked?
The Justice Department's probe of Visa highlights whether merchants are properly equipped to adapt to the cost of debit spending as more commerce goes digital. ]] ... Read full article
Why Alaska, Idaho credit unions are growing when others aren't
Data from the National Credit Union Administration shows the two states are bucking the trend of slowdowns in membership and lending. ]] ... Read full article
Refi slowdown means no more ‘lazy mode’ for mortgage lenders
Over the past year, bankers have been able to sit back and field calls from borrowers eager to take advantage of low rates. Now, with rates rising, many in the industry will likely adopt a more aggressive approach. ]] ... Read full article
Customers in Pennsylvania taps leader's son to run its bank
Sam Sidhu, whose father is CEO Jay Sidhu, will become president and chief executive of Customers Bank in July. ]] ... Read full article
Regulators seek industry feedback on risks and benefits of AI
The federal banking and credit union agencies want input about how financial institutions use artificial intelligence for credit underwriting and other purposes, and about whether additional regulatory guidance is needed. ]] ... Read full article
CFPB poised to reinstate tough stance on payday lenders
A recent statement by acting Director Dave Uejio is the clearest signal that the agency plans to revive strong underwriting standards that the Trump administration eliminated. ]] ... Read full article
Where Goldman, Citi, JPMorgan are putting fintech investment dollars
Large U.S. banks are directing their venture capital dollars to fintechs in capital markets, wealth management and "future-proofing." ]] ... Read full article
GOP senator says research by San Francisco Fed is 'mission creep'
Sen. Pat Toomey, R-Pa., warned the regional Federal Reserve bank that its papers about environmental, social and corporate governance policies hurt its ability to stay neutral on partisan issues. ]] ... Read full article
PNC gets certification for account aimed at the underbanked
The Cities for Financial Empowerment Fund, a nonprofit that seeks to improve financial stability of low- and moderate-income households, validated the account under its Bank On initiative. ]] ... Read full article
Citi creates new investment banking unit in sustainability push
The move is part of a broader push at Citigroup to reduce carbon emissions. Jane Fraser, who took over as CEO on March 1, vowed on her first day that the bank would achieve net-zero greenhouse gas emissions in its financing activities by 2050. ]] ... Read full article
Visa pilots crypto settlement
Visa Inc. said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system. ]] ... Read full article