BankThink

HSBC nears deal to sell French retail unit; GSA auctions bitcoin share

03/18/21

The bank is close to an agreement with Cerberus’s French banking outfit; the two-day, first-of-its-kind sale attracted a winning bid that was 21% higher than the market price.

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8 takeaways from NCUA's 4Q state-level data

03/18/21

A new report from the regulator shows slower growth in membership and lending, as well as a decline in the number of credit unions reporting profits.

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FDIC chair dismisses threat of a Democratic power grab

03/17/21

Jelena McWilliams, a Trump appointee, pushed back Wednesday on reports that an incoming Democratic majority may be able to enact policy at the Federal Deposit Insurance Corp. without her support. "The chairman really controls the board agenda," she said.

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Fed nears decisions on key capital break, shareholder distributions

03/17/21

The Federal Reserve will determine within days whether to extend the easing of the supplementary leverage ratio for big banks past March 31, Chairman Jerome Powell says. And it's a couple of weeks away from announcing whether there will be limits on second-quarter dividends and buybacks, he says.

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Sign of fintechs' evolution: Two new D.C. trade groups

03/17/21

The American Fintech Council and the Financial Technology Association say they’ll promote responsible innovation, fair access to financial services and more. Their dozens of members include some of the biggest names in fintech.

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Sherrod Brown takes case for digital accounts to resistant bankers

03/17/21

The Ohio Democrat and chairman of the Senate Banking Committee told a virtual gathering of the American Bankers Association that FedAccounts, a plan opposed by industry trade groups, will lead to more bank customers.

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Dimon condemns racism against Asian Americans in all-staff memo

03/17/21

"On streets, online and in many Asian-owned small businesses, we are seeing physical assault, verbal harassment and refusal of service," the JPMorgan Chase CEO wrote in a memo to staff. "These racist acts cannot — and will not — be tolerated."

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Wells Fargo CEO 'bullish' on economy in second half

03/17/21

Wells Fargo Chief Executive Charlie Scharf said he sees the U.S. economy coming back from the coronavirus pandemic in a strong way in the second half of the year.

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Manafort sued by bank that lent mortgage on his Hamptons home

03/17/21

Federal Savings Bank, the Chicago bank that lent millions of dollars to Paul Manafort under its founder and former longtime CEO, has now sued the former Trump campaign chairman and his wife, seeking to foreclose upon his mansion in the Hamptons.

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How Wells Fargo and Current keep digital banking novices engaged

03/17/21

Showcasing contactless ATM access and enabling easier use of stimulus funds are among the ways the megabank and digital upstart are tailoring services to customers acquired during the pandemic.

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