News Topic: BankThink

The company said the acquisition should lower its funding costs and shore up its net interest margin. ... Read full article

Loans to retailers and hotels are at the highest risk of default, the Salt Lake City company said in its second-quarter earnings presentation. ... Read full article

The Financial Stability Oversight Council’s plan to study the market explains very little about which activities or firms, like Fannie Mae and Freddie Mac, will be designated as systemically important. Here's some clearer guidance. ... Read full article

Jamie Warder, head of digital banking at KeyBank, says alliances with companies like HelloWallet have helped him and his team adapt to changing conditions during the coronavirus crisis. ... Read full article

The Federal Housing Finance Agency will extend the same GSE benchmarks of the past three years into 2021. ... Read full article

The “vast majority” of the U.K. bank’s employees have been told they can work remotely the rest of the year; the controversial Fed pick is expected to clear the Senate Banking Committee Tuesday. ... Read full article

The national conversation around systemic racism has compelled large banks to withdraw support from the “disparate impact” proposal. But community banks maintain that the proposed reforms would reduce frivolous claims. ... Read full article

The Pennsylvania bank incurred $2.3 million in expenses in second quarter after winding down unit BMT Investment Advisers. ... Read full article

The agency's request for information seeks comment on the idea of the FDIC partnering with a standards-setting organization to develop best practices for technology firms, among other things. ... Read full article

The New York bank has also joined a steering committee helping to develop a global accounting standard that financial institutions can use to measure their impact on global warming. ... Read full article

The OCC is proposing steps for determining which party is the "true lender," which affects how the agency oversees such arrangements. ... Read full article

The new consumer deposit product will provide customers a snapshot of the carbon impact of their purchases and offer other incentives to entice the environmentally conscious. ... Read full article

Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak. ... Read full article

Mortgages taken out to fund business operations can now be modified in bankruptcy. That’s a relief to borrowers — particularly with business failures expected to increase as the pandemic drags on — but a possible headache for banks and investors that hold ... Read full article

The report from the commission created to monitor the government's response to the pandemic comes as Congress begins negotiations over another round of stimulus. ... Read full article

The California company said Russell Colombo "is committed to remaining in the job as long as needed." ... Read full article

The White House's efforts to loosen equality requirements in lending run counter to the widespread demand for racial justice. Congress must act. ... Read full article

Trading revenues probably won’t be able to make up for looming credit losses going forward; consumer insolvencies have been held back so far by federal stimulus, which is set to expire. ... Read full article