Morning scan

Banks moving to national charters; Cryan gets new post

09/17/19

Fifth Third Bancorp becomes the largest bank to switch from state to OCC regulation; former Deutsche CEO named chairman of Man Group.

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Deutsche joins JPM-led payments network; fired Wells employees’ woes

09/16/19

The move adds heft to the blockchain-based Interbank Information Network; many of those terminated in the phony accounts scandal say they’ve been blacklisted.

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Goldman hires two tech execs; Deutsche settles mortgage suit

09/13/19

The bank is adding senior tech executives from Amazon and Verizon as partners; bank allegedly inflated prices and overcharged investors for mortgage bonds.

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The changing metrics of credit; HSBC wants out of France

09/12/19

Lenders considering other factors for those with bad or no credit history; the bank plans to sell its French retail unit.

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JPM prepping for zero rates; N.J. to pressure banks on guns

09/11/19

Dimon doesn’t expect it to happen, but the bank is getting ready just in case; the state will require banks to disclose their relationship with gun sellers.

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Treasury moves to recap Fannie, Freddie; BofA's down market success

09/10/19

Mnuchin hopes to strike a deal soon to recapitalize the two mortgage giants, a prelude to privatization; the bank’s focus on mid-tier corporations is starting to bear fruit.

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Bankers set to deliver weak guidance; Tech funds looks to payment firms

09/09/19

The six biggest banks are expected to issue disappointing forecasts as rates continue to decline; technology stock mutual funds scored with payment plays.

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Plan for Fannie, Freddie; Fed likely to go easy on rate cut

09/06/19

The mortgage agencies would be privatized under Trump administration plan; central bank will probably cut rates by 25 bps, not 50 bps, at its next meeting.

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Goldman thins its partnership ranks; Wells responds to Warren

09/05/19

About 15% of the bank’s partners are likely to leave this year to make room for new ones; the bank said it is looking into why it charges some customers even after their accounts are closed.

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Goldman’s Chavez to retire; credit unions on bank buying spree

09/04/19

The co-head of the bank’s securities division, 55, was once seen as a possible CEO; the institutions are gobbling up small banks at a record pace, prompting pushback from banks.

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