Fintechs, regulators need more common ground

05/29/19

While there’s been dramatic innovation in the banking sector in recent years, regulators and startups can better collaborate around these developments.

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Plaid launches in U.K. to boost open banking on both sides of the Atlantic

05/29/19

The data aggregator plans to help U.S. fintechs expand into the U.K. and vice versa.

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Interest income pushes 1Q bank earnings up 9% to $61B: FDIC

05/29/19

More than 66% of the banks reported a jump in net income during the first quarter but new risks are emerging in interest rates and underwriting, the Federal Deposit Insurance Corp. said Wednesday.

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Banks face tough decisions on investment portfolios amid Fed rate pause

05/28/19

It's tempting to reach for higher returns on securities in anticipation of tightening margins. However, that strategy has pitfalls, including underestimating risks or being caught flat-footed by future rate moves.

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Reading between the lines of CFPB’s regulatory to-do list

05/28/19

The agency's spring rulemaking agenda includes the process for collecting small-business data as well as underwriting rules for GSE-backed loans. But what's missing from the list may be just as important.

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Wells Fargo snags tech executives from JPMorgan, WarnerMedia

05/28/19

Steve Hagerman, who was responsible for the first mortgage platform at JPMorgan Chase, will be head of consumer lending technology at Wells. It also named Gary Owen, a veteran of WarneMedia, Promontory Financial and Citi, its chief information security officer.

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N.Y. Fed loses top officers in rare double exit

05/28/19

The Federal Reserve Bank of New York said two of its top officers are departing — including Simon Potter, who oversees its strategically vital trading desk — in a rare double exit from its senior ranks.

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6 takeaways from the Global Payments-TSYS merger

05/28/19

Global Payments' purchase of TSYS is the latest merger of large payment technology companies — and by no means the last.

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Wells Fargo ‘irresponsible’: Dimon blasts rival on lack of CEO plan

05/28/19

The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.

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This fintech drove billions in deposits to EU banks. Can it work here?

05/28/19

Raisin is planning to create an online marketplace for high-yield savings accounts and CDs for the U.S., but persuading Americans to save could be a challenge.

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