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Banking's Ethics Problems Run Much Deeper than Wells Fargo

11/14/16

The same incentives structure that encouraged bad behavior at the bank can be blamed for ethical mishaps in other industries as well as the government.

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Morning Scan: Trump Has Dodd-Frank Plans, Mum on Fannie, Freddie

11/14/16

Wall Street Journal

Dismantling Dodd-Frank: Rather than fully repealing the Dodd-Frank act, Donald Trump's transition team is instead looking at dismembering the parts of it that "Republicans find most objectionable," according to the Wall Street Journal. One part they want to jettison is the Financial Stability Oversight Council's authority to designate large nonbanks as "systemically important." Another priority is overhauling Title II, which gives regulators the authority to take over a failing bank and liquidate it...

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Morning Scan: Trump Takes Aim at Dodd-Frank, Fiduciary Rule

11/11/16

Receiving Wide Coverage ...

Goodbye Dodd-Frank: President-elect Trump's transition team said it would dismantle the Obama administration's signature post-crisis financial reform law. Republicans are "salivating over a wish list of Dodd-Frank changes that until recently stood little chance of avoiding President Barack Obama's veto pen," the Wall Street Journal said. "The lineup includes everything from regulatory exemptions for community banks and regional banks to a new regime for insurers and asset managers to curbs on the...

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Women in Banking: Goldman's New Partners; America's Gender Divide

11/10/16

Goldman Sachs' latest class of partners includes 19 women, which is as high as that number has ever been; a Trump adviser says Janet Yellen isn't going anywhere, for now; and what the election taught us about the depth of the gender divide. Also, Thasunda Duckett, Margaret Keane and Christine Lagarde.

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Morning Scan: Let the Trump Bank-Policy Speculation Begin

11/10/16

Receiving Wide Coverage ...

Winner and losers: Small and medium-size banks are likely to be the biggest winners in a Donald Trump administration. Big banks? Not so much. "One thing investors can likely be confident in is that substantial deregulation is coming for smaller banks," the Wall Street Journal said. There is already a bipartisan consensus that smaller banks are overly burdened by Dodd-Frank regulations, while there are several proposals that would raise the threshold for...

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Morning Scan: President Trump; Companies Rethink Incentives for Salespeople

11/09/16

Breaking News This Morning ... Trump triumphs: Global financial markets dropped sharply in the initial reaction to Donald Trump's unexpected victory in the U.S. presidential race. Stocks in Asia and Europe dropped sharply, bond prices fell and the Mexican peso plunged, but gold prices jumped higher. The Republicans held onto their control of both houses of Congress. Wall Street Journal, Financial Times, New York Times Â...

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Morning Scan: Hackers Steal from U.K. Depositors

11/08/16

Receiving Wide Coverage ... British bank hacked: Tesco Bank, a unit of U.K. grocery chain Tesco PLC, said Monday that hackers stole money from customer accounts over the weekend, earning the bank "the rare and dubious distinction of losing customer money in a cyber-attack," in the words of the Wall Street Journal. CEO Benny Higgins said about 20,000 accounts had money stolen from them. "Although the numbers are small, the incident is the stuff of nightmaresÂ...

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Morning Scan: Bonus Bummer; HSBC Reports Loss

11/07/16

Breaking News This Morning ... HSBC reports: Shares of HSBC jumped 4% Monday after the bank said its main capital ratio rose to 13.9% at the end of the third quarter from 12.1% at the end of June, raising hopes of a dividend increase. Still, it was hardly a great quarter for the bank, as it reported a $204 million net loss versus a $5.23 billion net profit a year earlier. The results included a $1.7Â...

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Morning Scan: Wells in Talks with Prosecutors; Will Keep Cross-Selling

11/04/16

Receiving Wide Coverage ...

More lumps: It was another bad for Wells Fargo. Following a quiet period, the bank disclosed Thursday it is in talks with federal and state prosecutors, including the U.S. Justice Department, over potential abuses related to residential mortgages, which would be unrelated to the phony accounts scandal in its retail banking unit. ...

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Women in Banking: Chatbots and Innovation Beyond Tech

11/03/16

Stessa Cohen warns that if we aren't careful, we could bring old gender biases into world of bank bots; Amy Nauiokas argues bank innovation should be applied more broadly, not just in technology; Marva Smalls recalls how she broke out of her comfort zone; and Esther George of the Kansas City Fed talks about staying true to her convictions. Also, how unbalanced journalism puts more scrutiny on female leaders than on their male counterparts and the silver lining in this presidential election.

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