News Topic: TBTF
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Will banks be pulled into GameStop uproar?
Banks weren't involved in the trading frenzy, but some observers say the regulatory response should address risks to all financial institutions. ... Read full article
Virus is Dodd-Frank's first real test
If banks are unable to weather the economic fallout from the outbreak, calls for more dramatic reforms could get louder. ... Read full article
Stop shaming the big banks
Community bankers keep harping on the illusory issue of "too big to fail." If they're serious about strengthening the economy, they should make more of an effort to unite the industry, not divide it. ... Read full article
'Too big to fail' is alive and Wells
Wells Fargo remains the TBTF poster child and regulators continue to do too little to address the problem. And as always, small banks suffer collateral damage. ... Read full article
Coup for community banks could spell disaster for industry
The recent Dodd-Frank rollbacks for smaller banks could encourage risk-taking that leads to a systemic issue. ... Read full article
Truist rising: With megamerger done, pressure on to deliver
Cost cutting and systems integrations are short-term priorities, but over time CEO Kelly King and his heir apparent, Bill Rogers, will have to exploit the combined BB&T-SunTrust's revenue potential and prove the biggest post-crisis merger was a ... Read full article
Banks moving to national charters; Cryan gets new post
Fifth Third Bancorp becomes the largest bank to switch from state to OCC regulation; former Deutsche CEO named chairman of Man Group. ... Read full article
Deutsche Bank’s CFO: ‘We are taking our responsibilities seriously'
The German bank responds to an op-ed that criticized its restructuring. ... Read full article
Deutsche's tragic blind spot, USAA's diversity drive, lenders' card obsession: Top stories of the week
Deutsche Bank overhaul plan will put taxpayers and the financial system at risk; the San Antonio company names three women to key technology positions; issuers like Chase and Citi need to think beyond traditional card options; and more from this ... Read full article
Deutsche Bank shows it learned nothing from the 2008 crisis
The global bank’s overhaul plan will put taxpayers and the financial system at risk. ... Read full article
Truist won't be too big to fail: BB&T's Kelly King
Ahead of a House hearing to examine his company's proposed merger with SunTrust, King tried to downplay regulatory concerns. ... Read full article
Lawmakers spar over whether Fannie, Freddie are SIFIs
There is bipartisan agreement in the Senate that Fannie Mae and Freddie Mac are "too big to fail" but some lawmakers are skeptical that a SIFI designation is appropriate. ... Read full article
Sanders taunts Dimon over big-bank bailouts
Sen. Bernie Sanders lashed out at Jamie Dimon on Twitter after the chief executive officer of JPMorgan Chase criticized socialism during an appearance in Washington. ... Read full article
Federal Reserve terminates London Whale enforcement action
After more than six years, the Fed is ending its order requiring greater risk controls at the bank, following an estimated $6 billion in trading losses in 2012 that stemmed from a single trader. ... Read full article
BB&T, SunTrust clear key hurdle on road to merger
Concerns about job losses and political blowback still loom, but the two banks made it through a second day of public hearings hosted by the Fed relatively unscathed and with significant local support. ... Read full article
Why aren't White House hopefuls talking about banking?
With the candidates still introducing themselves to voters and honing their message, little has been said about the financial industry. ... Read full article
Wells in denial, faster-payments backtrack, delinquency uptick: Top stories of the week
Wells Fargo and the denial stage of recovery; community bankers alarmed after big banks backtrack on faster-payments pricing; credit card, auto loan delinquencies hit seven-year high; and more from this week's most-read stories. ... Read full article
Guns, CECL and 'too big to manage': Big-bank CEOs on Hill
A House Financial Services Committee hearing featuring seven large-bank CEOs tackled a host of contentious subjects, as Republicans and Democrats sparred over whether such institutions are simply too big. ... Read full article
Goldman to share code with developers; Mastercard’s digital ID blueprint
Firm “hopes to crowdsource new uses for” its pricing and analysis system; the system could be put on a device and used anywhere to cut down on fraud. ... Read full article
