Morning scan

Card issuers go social; Calabria vows to push for GSE overhaul

04/23/19

Change in strategy to lure new customers; new FHFA director wants to make Fannie, Freddie “stronger, healthier."

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Banks seek looser hiring rules; PayPal eyes Venmo for credit card

04/22/19

Banks say easing rules on people with some criminal records will diversify the applicant pool; deal with Synchrony may be near.

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Why BNY Mellon stock dropped 10%; Blockchain still hot

04/18/19

Price hit "a grim reminder" about impact of soft interest rates; despite bitcoin's plunge, blockchain could be prominent in Wall Street's future.

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Bank earnings underwhelm; ING eyes Commerzbank

04/17/19

Retail stars in bank earnings season as investment banking and capital markets sag; Dutch bank may be waiting in the wings if Deutsche can't close the deal.

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Weak revenue growth underlies bank profits; another Libor alternative

04/16/19

Citi, Goldman, BofA earnings rose despite flat revenues; benchmark would be based on rates set on the American Financial Exchange.

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JPM's profits up on revenue gain; Citi's changing of the guard

04/12/19

Bank's profits grow 5% on earnings growth; Citi's number 2 exec retirement shows the difficulty retaining a host of top executives.

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Small banks’ tech discontent; Preparing for the end of Libor

04/11/19

Small banks rise up against “onerous contracts and sometimes mediocre digital offerings”; Quarles warns banks to speed up preparations for Libor sunset.

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Wells under renewed fire; Société Générale to slash almost 1,600 jobs

04/10/19

Three regulators warn Wells it hasn’t made enough progress on consent order; poor fourth quarter investment banking revenue ignites cutbacks.

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SEC chief warns on leveraged loans; Wells’ woes continue

04/09/19

Clayton is the latest to raise concerns about bank loans to highly indebted companies; Wells Fargo’s performance took a hit with its reputation.

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