Morning scan

Fed approves proposal to relax bank regs; AIG losses continue

11/01/18

Regional lenders would be subject to less regulation while the biggest banks would see no change; the insurance giant got hit with claims from several large natural catastrophes.

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PenFed denies AML allegations; BofA's digital chief is leaving

10/31/18

The credit union says employee charges that its AML program is deficient are false; Michelle Moore, who helped launched the Erica digital assistant, wants more time with family.

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Ahead of the Fed's reg plan vote; Capital One's tech turn

10/30/18

If approved, the Fed would consider risk factors besides size in how strenuously it oversees individual banks; Capital One's CIO on operating a bank as a technology company.

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Deutsche CEO puts management on blast; Chinese banks use lie detectors

10/29/18

Christian Sewing calls out the German bank's senior managers for using rumors of a merger with Commerzbank to excuse poor performance; banks in China begin using smartphones to pick up on lie-detecting facial tics.

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BlackRock looks south; CFPB hits ‘abusive’ payday lender

10/26/18

The money manager plans a big expansion in Atlanta; agency makes now rare determination that debt-collection practices were “abusive.”

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BofA tries to boost dealmakers; How Walmart was lost

10/25/18

Executives offer support to lift investment bankers’ morale; retailer’s move from Synchrony Financial could force card issuers to make concessions.

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Kelly Coffey leaves JPM; real estate debt funds grow

10/24/18

The 25-year JPM veteran will pursue an opportunity elsewhere; private equity firms have a record $57 billion to loan for real estate.

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Lenders, Credit Karma make a deal; Goldman goes further down Main Street

10/23/18

Consumer finance portal will be able to tell customers which loans they’ll qualify for; Marcus unit will soon offer investment services.

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CFPB's real power player; FICO's push to help loan approval

10/22/18

Brian Johnson, the agency’s second-in-command, wields much power; Fair Isaac is planning changes to credit scoring to boost approvals.

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Warren calls for Sloan's head; bank groups pan Volcker 2.0

10/19/18

The senator wants the Fed to retain its asset cap on Wells Fargo until the CEO is fired; industry groups call on regulators to reconsider or scrap plans to modify Volcker Rule.

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