BankThink

JPMorgan will ditch customers who racially abuse its workers

06/26/20

JPMorgan Chase is cracking down on racism by its customers. The bank is revamping a policy for dealing with abusive clients to include racism toward call-center employees as behavior that could warrant cutting ties with the customers.

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Northeast Bank in Maine strikes deal to sell its PPP loans

06/26/20

The Loan Source, the nonbank lender buying the Paycheck Protection Program loans, has similar deals in place with other lenders.

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With virus hastening online push, does Amazon-like future await banks?

06/26/20

Ezequiel Szafir, CEO of Banco Santander's digital-only Openbank, sees banks of the future looking increasingly like Amazon.com — with online storefronts for financial products.

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Advice to debt collectors in pandemic times: Watch your language

06/26/20

Now perhaps more than ever, banks and their proxies need to show tact when communicating with past-due borrowers.

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HSBC plans to double mobile bank users in cost-cutting drive

06/26/20

HSBC is planning to shift services away from its branches in a push to make more of its customers migrate to its digital and mobile channels as it embarks on a massive cost and jobs cutting program.

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Fed halts dividend hikes, buybacks; regulators vote to relax Volcker Rule

06/26/20

The Fed stopped short of banning payouts entirely following bank stress tests; banks get greater freedom to invest in venture capital funds and reduced collateral on swap trades.

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Bankers fear surge in coronavirus cases will delay economic recovery

06/25/20

States that were quick to reopen are seeing spikes in infections and hospitalizations, raising the specter of another lockdown. Here’s what that could mean for banks.

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Fed freezes stock buybacks, caps dividends after stress test results

06/25/20

In the most sweeping capital distribution order since the financial crisis, the Federal Reserve says it will prohibit big banks from buying back their stock in the third quarter and limit dividend payments to second-quarter levels.

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Question looming over bank earnings: Will deferred loans be paid back?

06/25/20

Deferral periods on scores of commercial loans will soon be ending, and many banks’ profits this year could turn on whether borrowers can resume making payments or will seek extensions.

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Regulators update Volcker, swaps and rate-cap rules

06/25/20

Five financial regulatory agencies clarified the meaning of "covered funds" under the Volcker Rule. Meanwhile, the FDIC gave certain banks more flexibility in interaffiliate exchanges of swaps and adopted a workaround of a court decision governing interest rates on loans sold across state lines.

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