Morning scan

Facebook faces blowback; Big changes expected at Deutsche Bank

06/19/19

Digital currency plans spark concerns from global financial regulators and U.S. legislators; departures continue as two top dealmakers seem ready to leave.

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Facebook details digital currency plans; CRA credit for disaster prep loans?

06/18/19

The company will create a regulated subsidiary offering a digital wallet; San Francisco Fed wants CRA credit for loans that help prepare for climate change.

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Goldman plans revamp; Banks deal with climate change

06/17/19

The bank is looking to combine several units that invest in income-producing assets; increased scrutiny has led banks to address the risks of climate change.

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Facebook's cryptocurrency backers; Amazon looks to boost lending

06/14/19

Visa, Mastercard and PayPal are each putting up $10 million to back the cryptocurrency; company “gearing up” to reboot its flagging small business lending unit.

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Consumers pounce on 4% mortgages; What’s in a name?

06/13/19

Lenders should get a boost from refinances and purchase loans; BB&T and SunTrust Banks’ name choice questioned.

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Wells striking out in search for new CEO; Big banks lower Q2 forecasts

06/12/19

Several prospects, including JPM’s Gordon Smith, are reluctant to take on a thankless job; lower interest rates, quiet trading will yield disappointing results.

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Trump calls Fed policy ‘destructive’; Banks get a boost

06/11/19

The president says the Fed is giving China a competitive advantage; bank stocks gained after tariffs on Mexican imports nixed.

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An upside for banks in trade wars; window closing for regulatory rollbacks?

06/10/19

Despite tension between the U.S. and trading partners, bank are doing booming business in financing cross-border commerce; some Republican lawmakers are getting antsy at the pace of rollbacks for bank regulations, and are pushing regulators for a sense of urgency.

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New role for blockchain; why so many bankers run

06/07/19

Digital Asset Holdings eyes blockchain for 'smart contracts'; readying for a marathon is like competing for a big client.

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Wells mulls making interim CEO permanent; Emanuel joins boutique bank

06/06/19

The bank is having trouble finding an outsider and acting chief Allen Parker has impressed the board; the former Chicago mayor will join Centerview Partners.

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