Morning scan

HSBC names new CEO; BlackRock assets near $6 trillion

10/12/17

John Flint, HSBC's current retail chief, will take the helm next February; asset manager BlackRock has added $1 trillion of assets in the past year, or more than $1.5 billion every business day.

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Equifax offers breach details; Bank rally needs validation

10/11/17

Hackers accessed driver’s license data on nearly 11 million people, the company says; the rally in bank shares may sputter out if third-quarter earnings reports disappoint.

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A tale of two CEOs; OneMain deal near?

10/10/17

Deutsche and Barclays chiefs are under different pressures to turn their banks around; with mergers and acquisitions at a low, deal for OneMain would be big.

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CFPB takes aim at payday lending; Fed finally gets bank supervision vice chair

10/06/17

New regulation could wipe out the business, some critics of the regulation say; Randal Quarles will be the Fed's first vice chairman for bank oversight.

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Senators question credit bureau model; Yellen (again) on 'appropriate' regs

10/05/17

Day two of Equifax hearing focuses as much on business model as on the data breach; Fed chair again says she supports bank rules that are not "unduly burdensome."

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Equifax, Wells chiefs face angry lawmakers

10/04/17

Former Equifax CEO blames one employee’s mistake for the massive hack; Warren calls Sloan “incompetent” and says he should be fired.

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Smith, Sloan head to the Hill; Bitcoin gets love

10/03/17

Former Equifax CEO and Wells Fargo chief both expected to issue mea culpas to Congress; Goldman apparently likes digital currency.

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ABA, banks sue CFPB to block rule; Equifax eyes clawbacks

10/02/17

A number of banks and business groups sue to block prohibition on mandatory arbitration; credit bureau weighs how far back to look in denying compensation.

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Trump tax plan to boost banks; Morgan Stanley's human bias

09/29/17

While some aspects of the plan would hurt, lower corporate tax rate would increase bank earnings; Wall Street firm thinks the majority of its clients prefer human advisers.

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Clash over capital plan; JPM's $4B predicament

09/28/17

Regulators disagree whether proposed changes to capital requirements would ease burden on community banks; JPMorgan on hook if jury award not overturned.

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