Despite isolationist mood, U.S. isn't going it alone on banking rules
Having the Federal Reserve Board’s bank supervision chief at the helm the Financial Stability Board cements U.S. leadership on cross-border regulation. ... Read full article
Having the Federal Reserve Board’s bank supervision chief at the helm the Financial Stability Board cements U.S. leadership on cross-border regulation. ... Read full article
Whatever the central bank decides, it is sure to ruffle a lot of feathers in the industry. ... Read full article
Big-bank execs downplayed gloomy economic forecasts and said a commercial lending rally, niche M&A and smart tech spending will drive growth in 2019. ... Read full article
A report released Tuesday echoes bankers’ arguments that the USPS is ill-equipped to manage the risks. ... Read full article
Robert Rubino will join the New York company in February as president of CIT Bank and head of commercial banking. ... Read full article
The online lender has acquired NextGenVest, which uses AI and text messaging to advise high school and college students about getting loans. CommonBond’s goal is to better understand the distinctly different demographic group rising behind millennials. ... Read full article
An internal agency analysis says changing the name of the bureau to the BCFP, as Mulvaney wants, could cost banks, credit unions and mortgage firms $300 million. It doesn’t have to be this way. ... Read full article
Schwark Satyovolu, original co-founder of Yodlee and current venture capitalist at Trinity Ventures, shares opinion on how consumer data sharing is evolving. ... Read full article
The Democrat, who will likely head the Financial Services Committee, has signaled she'll make expanded housing opportunities for lower-income consumers a top priority. ... Read full article
Banks are facing the potential of disruption by digital assistants from Apple, Amazon and Google — and are pouring money into machine learning to provide their own option for automating consumers' financial lives. ... Read full article
The agency's semiannual report on risks in the industry focused heavily on the high volume of commercial loans as well as banks' exposure to nonfinancial corporate debt, which is near a record share of GDP. ... Read full article
The company, which helps banks develop high-tech products and services, has agreed to buy Gro Solutions after recently completing its deal for Cloud Lending. ... Read full article
The federal regulators said in a joint statement that they will take a bank's level of innovation into account in supervising its anti-money-laundering procedures. ... Read full article
Few firms have been able to blend predictive virtual assistants, geolocation, data analytics and other cutting-edge technology into apps like TD Bank, which has more mobile users in Canada than anyone in finance. ... Read full article
The bank would add to monitoring of employees outside the U.S. in response to the 1MDB scandal; financial firms seek help to automate more systems. ... Read full article
Social Finance, the lending and refinancing startup valued at more than $4 billion, is cutting about 7% of its staff, according to a person familiar with the matter. ... Read full article
The financial industry is not expecting movement on a lot of legislation given a divided Congress, but one measure is beginning to attract widespread attention. ... Read full article
Our Best in Banking honorees for 2018 share some of the smartest bits of advice and blows from the school of hard knocks that they've received over the years — and who (or what) supplied them. ... Read full article
Zions' Harris Simmons named Banker of the Year; distilling the hopes and hang-ups around CRA reform; new grist in still ongoing debate over Operation Choke Point; and more from this week's most-read stories. ... Read full article
To convince skeptical bankers about the benefits of distributed ledger technology, some suggest it needs to be separated from the volatile digital currency it underlies. ... Read full article