BankThink

What ransomware attacks on vendors mean for banks

05/26/20

Cybercriminals have targeted at least four financial services technology companies in recent months, potentially giving hackers back-door access to clients. Here’s how banks can guard against that.

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Scotiabank earmarks $1.33 billion for bad loans in pandemic

05/26/20

The Toronto company also said it set aside 232 million this year for U.S. regulatory probes into the bank’s metals-trading practices and costs tied to the wind-down of that business.

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Biometric spoofing is harder than people think

05/26/20

New authentication methods make it harder to fake biometrics, Eric Setterberg of Fingerprints argues.

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S&T in Pennsylvania discloses potential exposure to check kiting scheme

05/26/20

The bank is trying to recover millions of dollars in returned deposits. It also has a $14 million loan to the company that allegedly conducted the scheme.

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Mortgage underwriting tightens as rates fall; HSBC mulls sale of U.S. unit

05/26/20

Despite record low mortgage rates, borrowers are having trouble getting loans from wary lenders; the underperforming American unit may be ditched in U.K. bank restructuring.

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Texas Capital, Independent terminate $3 billion merger

05/26/20

Texas Capital said that Keith Cargill had also stepped down as its president and CEO.

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Will GSEs' record-high capital requirements scare investors away?

05/25/20

Some observers wonder if proposed regulatory targets for Fannie Mae and Freddie Mac will stoke concerns about low shareholder returns. But others suggest those fears are unfounded.

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Virtual therapy, yoga, pet parties: Banks' answers to worker stress

05/24/20

Demand has soared for mental health services as bank employees put in long hours, supervise kids while working at home and endure personal crises. Citi, BofA, Fifth Third and others are getting creative to help them decompress during the pandemic.

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Fed's Rosengren sees Main Street loans within next two weeks

05/24/20

Federal Reserve Bank of Boston President Eric Rosengren said he expects companies to begin receiving money through the central bank's long-awaited Main Street Lending Program within two weeks.

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Senate bill would ban garnishment of relief funds by debt collectors

05/24/20

The new legislation directs the Treasury Department to protect electronic payments that Americans receive through the pandemic rescue package.

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