Morning scan

Banks moving to national charters; Cryan gets new post


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


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


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.


Goldman hires two tech execs; Deutsche settles mortgage suit


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


The changing metrics of credit; HSBC wants out of France


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


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


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.


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


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.


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


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


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


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.


Goldman thins its partnership ranks; Wells responds to Warren


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.


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


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.