BankThink

Netflix to shift $100 million into Black-run banks, credit unions

06/30/20

The online TV giant will start by moving $25 million to a fund that invests in minority-run financial institutions that serve low-income communities and depositing $10 million into Hope Credit Union in Jackson, Miss.

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The high court's CFPB ruling; Wells to cut dividend in Q2

06/30/20

Supreme Court says the president has the power to remove the director at will; the bank is the only one of the six largest U.S. banks to say they will cut their dividend next quarter.

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Coronavirus takes toll on bank M&A

06/29/20

Bank consolidation has been stagnant since the pandemic hit, and the outlook for the rest of the year is bleak.

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Bryn Mawr in Pennsylvania to sell its PPP loans

06/29/20

The company said it had cut 20 positions and had found a way to shed 35,000 square feet of office space by the end of 2020.

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Mutual holding company pioneer dies after long cancer battle

06/29/20

Eric Luse, who co-founded the Luse Gorman law firm, helped Community Bank Shares of Indiana create the first MHC in the early 1990s.

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Wells Fargo to cut dividend; other big banks boost capital buffer

06/29/20

In response to the Federal Reserve's stress tests, Wells said it will lower its third-quarter distribution to shareholders. Meanwhile, JPMorgan Chase, Goldman Sachs and five other companies announced stress test capital buffers that exceed the minimum requirement.

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A second chance for rejected Apple Card applicants

06/29/20

Goldman Sachs, the card’s issuer, has rolled out a new program in which it will provide personalized advice to consumers with marred credit profiles in hopes of making them customers down the road.

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After ruling, stage set for new battles over CFPB's future

06/29/20

The Supreme Court threw out a key statutory provision concerning the agency’s leadership structure, but the presidential election and possible legislative reforms could bring about more changes to the embattled bureau.

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What happens if Mastercard and Visa gobble up all the data aggregators?

06/29/20

Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard’s agreement to buy Finicity and Visa’s pending purchase of Plaid. The prospects for fintechs and consumers are dicier.

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Rocky road ahead for bank profitability: OCC

06/29/20

With multiple business sectors reeling from the pandemic, banks are facing tighter net interest margins, provisioning more for losses and seeing their balance sheets expand, the agency said in a report.

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