BankThink

JPMorgan Chase in talks to offer services in post offices: Report

08/19/20

The largest bank in the U.S. is reportedly in negotiations to lease space from the U.S. Postal Service where it would have ATMs and perhaps take deposits.

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Citigroup gets almost half of $900 million Revlon funds frozen

08/19/20

Citigroup scored court orders freezing almost half of the more than $900 million it says was accidentally sent to Revlon lenders this month.

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Comerica joins list of big banks assisting Black-run institutions

08/19/20

The Dallas regional is placing deposits in several minority depository institutions, providing each with low-cost funds that can be redeployed in underserved communities.

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How COVID-19 cratered customer acquisition, profitability

08/19/20

New research finds that it's become harder than ever to acquire new customers — and equally challenging to engage newly acquired ones.

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When customers contact Wells Fargo, AI system goes to work

08/19/20

An internally built system called Advanced Listening analyzes phone calls, emails, text messages and more, identifying possible compliance violations, systemic issues and opportunities to improve processes, products and customer service.

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Citigroup sues HPS, Symphony over mistaken payment on Revlon loan

08/19/20

The company has now filed three lawsuits in its bid to recoup nearly $900 million it inadvertently sent to the cosmetic company's creditors.

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Congress, not the OCC, decides what is and isn't a bank

08/19/20

The Office of the Comptroller of the Currency is overstepping its authority in granting charters to fintechs and other companies that don’t take deposits.

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Small banks are dominating the Fed's Main Street Lending Program

08/19/20

With big banks largely shunning the program, small banks see an opening to grab more market share in commercial lending.

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Indiana credit union agrees to buy another bank

08/19/20

Crane Credit Union's deal for Our Community Bank comes two months after it agreed to acquire Community State Bank of Southwestern Indiana.

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More mortgage fees may be on tap; Citi wins round one over Revlon lenders

08/19/20

Fannie and Freddie's 0.5% mortgage refi fee might not be the last one as they seek to build capital; a federal judge agrees to freeze money the bank mistakenly paid to lenders.

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