BankThink

Bank OZK exits another state by selling branches

07/16/20

The Arkansas bank is selling two South Carolina branches to a credit union just two weeks after announcing plans to divest its branches in Alabama.

[more]

Banks and fintechs need each other more than ever

07/16/20

The coronavirus pandemic has exposed weaknesses even at well-established fintechs. They could become more resilient by partnering with traditional financial institutions.

[more]

Goldman eases dividend concerns; BNY Mellon warns on net interest income

07/16/20

Goldman's revenue rose and its capital ratios improved in the second quarter; BNY Mellon’s stock dropped more than 5% after it said tighter lending margins may last for a while.

[more]

Bank of America joins rivals in setting aside billions for bad loans

07/16/20

Second-quarter earnings fell by more than 50% from the same period last year after the company allocated $5.1 billion for potential loan losses.

[more]

What would a Democratic sweep mean for banking?

07/15/20

While most of the public attention has been on Joe Biden's lead in presidential polls, any true overhaul of the bank regulatory landscape hinges on whether Democrats can retake the Senate — and by what margin.

[more]

Why banks are steering more political donations to Democrats

07/15/20

Republicans still receive more money overall from bankers, but the gap is narrowing ahead of the November elections. Experts say that the trend corresponds with signs of a “blue wave” and that many in the industry prefer Democrats on nonregulatory issues.

[more]

CFPB slaps Chicago mortgage lender with redlining lawsuit

07/15/20

The consumer agency alleges Townstone Financial's CEO and president made statements on a radio show discouraging applicants living in Black neighborhoods from seeking home loans.

[more]

PNC sees steep decline in forbearance requests. Will it last?

07/15/20

The Pittsburgh bank says fewer borrowers are asking for help and that many borrowers who received assistance are making payments again. But with the coronavirus pandemic still raging in much of the country, CEO William Demchak and other bankers are tempering their optimism.

[more]

U.S. Bancorp mulls more branch closings as customers flock to digital channels

07/15/20

The Minneapolis company said 75% transactions have been handled online since the pandemic hit.

[more]

Software for detecting financial crime is in high demand. Here’s why.

07/15/20

Banks' fear of big penalties, the changing tactics of nimble criminals and a greater openness among regulators to new approaches are among the factors driving big investments.

[more]