News Topic: BankThink

Providence, R.I.-based Citizens Financial has largely focused on nonbank deals in recent years, but CEO Bruce Van Saun said the race for scale in the industry is prompting more banks — including his own — to consider mergers. ... Read full article

The 46th president's agenda for financial regulation is already moving ahead, based on the people he's chosen to put in key roles. ... Read full article

After a pivotal Supreme Court ruling last year, the Trump administration’s handpicked leader of the Consumer Financial Protection Bureau was widely expected to leave voluntarily or be fired by the new president. ... Read full article

The agency used a notation vote to advance the final measure, the third time it has used that method in a month. ... Read full article

The credit union announced a $1 million commitment to the New Jersey Education Association spread over 10 years, with the first installment helping expand the group’s Human and Civil Rights Division. ... Read full article

Lenders are expecting strong demand for the small business loans, especially for second-timers; a steeper yield curve is helping profits, but stronger loan growth would help even more. ... Read full article

After a slowdown in 2020, inventory shortages and other factors could make the months ahead a grind for many lenders. ... Read full article

Payments activity “snapped back” in the fourth quarter and should lift revenue the next few quarters, CEO Brian Moynihan said. ... Read full article

The state agency alleged potential violations of “unlawful, unfair, deceptive or abusive” practices by a dozen companies. ... Read full article

LendingClub, poised to be the first U.S. online lender to buy a bank, says the transaction will be completed in early February now that it has received approvals from the Office of the Comptroller of the Currency and the Federal Reserve. ... Read full article

After withdrawing two previous bids, the e-commerce company submitted an application to the FDIC outlining a significantly simpler business model for a proposed industrial loan company. ... Read full article

The pandemic has made for strange bedfellows. Case in point: Western Union and MoneyGram will soon share Walmart as a landlord. ... Read full article

In a request for information, the agency sought feedback on how it should prioritize climate risks as part of its supervision of Fannie Mae, Freddie Mac and the Federal Home Loan Banks. ... Read full article

The Illinois company will pay $191 million for the parent of Glenview State Bank. ... Read full article

Its Marcus unit continues to invest in new products and business lines, delaying its path to profitability, according to Goldman Sachs CEO David Solomon. ... Read full article

Former Fed Chair Janet Yellen told senators that as Treasury secretary she would create a “hub” to examine the effects of a changing climate on financial institutions and create a database of companies' true owners as required by a recent ... Read full article

Members of the Gunther family who own nearly a third of the company's stock are urging the board to consider strategic alternatives. ... Read full article

The trade group's summer show was expected to be the first major credit union event not to be held exclusively in a virtual format but was cancelled due to the ongoing pandemic. ... Read full article