Marijuana banking

Regulators are open to banks serving hemp businesses: Fed's Bowman

06/06/19

Nominated for a full term at the central bank, Michelle Bowman told senators that bankers should not fear repercussions for servicing hemp growers after the crop was legalized.

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Mnuchin vows probe of Deutsche Bank’s AML procedures

05/22/19

As Democrats keep the heat on the German bank over allegations that it suppressed reporting tied to Trump businesses, the Treasury secretary said he will direct the Financial Crimes Enforcement Network to look into the matter.

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Backers of pot banking bill see the finish line in House

05/21/19

The legislation faces a tougher path in the Senate where GOP leaders are reluctant to ease restrictions on what is still a banned narcotic.

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Slowdown, CRE, BB&T-SunTrust: What has bankers on edge

05/15/19

Ask 453 bankers their forecasts on loan demand and the economy, or their feelings about the BB&T-SunTrust merger, pot banking as well other hot issues, and a clear picture emerges. Promontory Interfinancial Network recently did just that, and here our five takeaways from the results.

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Wells contacts Bridgewater co-CEO; 1MDB suspect discussing plea deal

05/07/19

Eileen Murray has talked about leaving Bridgewater; A deal with Roger Ng could lead to charges against Goldman and its employees.

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M&A, pot banking and more reg relief: What's on the minds of midsize bank CEOs

04/11/19

In a roundtable discussion, the heads of four banks called on Congress to move on CRA modernization and address the cannabis conundrum, while dismissing arguments that midsize banks need to merge to stay competitive.

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Pot banking reform gets a boost from Barr endorsement

04/11/19

The attorney general told lawmakers that exempting states that have legalized marijuana from the federal ban is better than the current system where state and federal laws are in conflict.

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Getting pot banking legislation right

04/11/19

The House Financial Services Committee recently approved protections for banks financing cannabis companies in states where it’s legal. This a good first step, but improvements are needed.

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Big-bank CEOs head to the lion's den

04/08/19

The congressional hearing will be ripe with opportunities for lawmakers to raise flags on issues of diversity, deregulation and social policy.

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Even Canadian banks are shunning U.S. pot firms

04/08/19

CEOs at Bank of Montreal and TD Bank Group say they are unlikely to touch the American cannabis industry until the laws change.

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