News Topic: BankThink

The new service from the Boston-based asset manager comes at a time of soaring price increases for the world's most valuable digital asset. ... Read full article

Lawmakers need to create a coronavirus relief program targeting owners of smaller businesses facing more hardship than larger competitors that received much of the aid from the Paycheck Protection Program. ... Read full article

Sells, American Banker's Digital Banker of the Year for 2020, says he will help the New York fintech startup create digital currency products for banks. ... Read full article

Amy Nigrelli will serve as CMO of the Albuquerque-based credit union, one of two recent personnel moves there. ... Read full article

JPMorgan Chase's Jamie Dimon wants to remind the world that his bank is looking to make an acquisition. "If you've got brilliant ideas, give me a call," the CEO said. ... Read full article

A defense spending package includes a measure requiring new businesses to report their beneficial owners directly to the Financial Crimes Enforcement Network, shifting the burden away from banks. ... Read full article

The bank will now let business customers receive and pay invoices from within online and mobile banking. ... Read full article

It's legal to require vaccinations to ensure health and safety in branches, but employers risk adding to workplace tension. ... Read full article

The JPMorgan CEO says trading and investment banking revenues are up over 20% this quarter; Scharf says the bank’s internal reporting is “far, far better” under his regime. ... Read full article

The Consumer Financial Protection Bureau has taken a hands-off approach to servicers during the pandemic. But with forbearance plans set to expire and President-elect Biden likely to appoint new CFPB leadership, companies lacking aggressive plans to help ... Read full article

Fudge, who has served in the House since 2008, represents most of the majority-Black areas of Cleveland as well as part of Akron. ... Read full article

A number of top Wells executives privately expect it won’t be able to escape the limit on assets until late next year at the earliest, while key Fed officials see the process dragging into 2022 or beyond, according to people familiar with their thinking. ... Read full article

Executives from U.S. banks continue to play down near-term expectations, but they say customers are growing more confident ahead of the rollout of coronavirus vaccines, and that key commercial lending segments could drive an economic rebound. ... Read full article

Canoga Postal's merger plans mark the second consolidation in a month for institutions serving USPS employees. ... Read full article

Corporate heads shouldn’t blame a limited pool of talent on their inability to promote and hire Black executives, said Kenneth Chenault, the former longtime chief executive of American Express. ... Read full article

Some lenders are poring over commercial portfolios more frequently than normal — perhaps as often as once a month — to uncover problems hidden by payment deferrals and government stimulus before it's too late. ... Read full article

Thanksgiving may have already passed, but there's still plenty of room for gratitude in member communications. ... Read full article

Montecito Bank in California began streamlining originations after a natural disaster decimated its community in 2018. The move paid off when the COVID-19 crisis hit and the bank had to quickly step up efforts to help clients. ... Read full article