Morning scan

ECB opens to large bank mergers; Deutsche Bank has a new scandal

01/27/20

The move by the European bank regulator is a policy shift as profitability at the region's banks continues to suffer from negative rates; the German bank paid $1.1 million to win business from a senior Saudi royal.

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FICO gets tougher on credit scores; Goldman pushes diversity

01/24/20

The changes will mean a bigger gap between the best and worst borrowers; the bank will require companies they take public to have a ‘diverse’ board member.

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Will climate change spur crisis?; OCC, FDIC go it alone on CRA overhaul

01/23/20

Bank for International Settlements report says central banks don't have tools to handle climate change; banks could face different CRA rules.

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Bank CEOs push back on climate proposals; another company leaves Libra

01/22/20

Citi, Goldman chiefs say they won’t be pressured to stop financing companies based on carbon footprint; Vodafone bolts from Facebook’s digital currency project.

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BofA's lofty market aspirations; Amazon working on palm payments

01/21/20

Moynihan says the bank’s consumer market share could be doubled; retail terminals would connect customer’s hand print with their card information.

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Morgan Stanley not satisfied; lawmakers demand more answers from Dimon

01/17/20

The investment bank is raising its return on equity target following a record earnings year; Democrat lawmakers say JPMorgan's response on racial discrimination questions was inadequate.

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Morgan Stanley’s profit; China deal raises optimism for U.S. banks

01/16/20

Morgan Stanley’s profits rose 46%; the deal pressures China to open its financial services sector to U.S. firms.

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Bank Q4 earnings off to good start; Bitcoin rallies

01/15/20

JPM, Citi shrug off low rates as strong economy propels profits; digital currencies start year with gains as optimism about its future grows.

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JPM’s boffo earnings; N.Y. Fed says cyberattack could be ‘devastating’

01/14/20

Bank beats estimates as earning soar 21%; a cyberattack on the American banking system could create havoc on financial stability.

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Will earnings season bring surprises?; Wells Fargo’s tech troubles

01/13/20

Profits at big banks are expected to be up versus a year ago but down from the third quarter; add antiquated systems to the bank’s many problems.

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