Bankers should resist the urge to skirt financial regulations, including know-your-customer and lending standards, to make a sale. The danger of penalties and a possible reputational hit is too great.
CEO Jess Staley had been reducing the bank's investment in its African subsidiary as he sought to conserve capital and rebuild Barclays' investment bank.
Despite some criticisms of the strategy, community banks should continue to pair up with fintech companies that can help them expand their digital offerings.
