Real-time data was Kabbage's secret sauce, its first investor says

04/10/19

The online lender's recent completion of a $700 million securitization provided Jonathan Ebinger at BlueRun Ventures an opportunity to reflect on what he has learned about the power of alternative data.

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Senate Democrat calls for hearing on megabank enforcement actions

04/10/19

On the same day the House Financial Services Committee held a hearing with CEOs of seven of the largest banks, Sen. Sherrod Brown said bank misconduct since the crisis demanded further inquiry by the Senate Banking Committee.

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Envestnet adding lending option to its wealth services

04/10/19

The technology provider to financial advisers is partnering with Advisor Credit Exchange to help them connect their clients with banks and nonbanks for consumer and business loans.

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Deposit rate cap epitomizes bad regulation for small banks

04/10/19

The decade-old rule, now under review, is outdated and another example of one-size-fits-all regulation, community bankers say.

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Guns, CECL and 'too big to manage': Big-bank CEOs on Hill

04/10/19

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.

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Fed is a rubber stamp for bank mergers — it’s a problem

04/10/19

The central bank has failed to appropriately scrutinize deals in recent years, potentially putting the financial system at risk.

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Lies, coaching at StanChart kept Iran cash moving, U.S. says

04/10/19

U.S. court filings on Tuesday revealed how little some Standard Chartered employees heeded U.S. sanctions, and how they dissembled in order to hold onto profitable clients.

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Wells under renewed fire; Société Générale to slash almost 1,600 jobs

04/10/19

Three regulators warn Wells it hasn’t made enough progress on consent order; poor fourth quarter investment banking revenue ignites cutbacks.

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Wells Fargo, CIT Group and Marcus: Bankers on the Move

04/09/19

The resignation of Wells Fargo CEO Tim Sloan represented more troubles for an already scandal-ridden financial institution.

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Agencies near consensus on key elements of CRA reform

04/09/19

Senior officials at the OCC, FDIC and Fed signaled they agree more than they disagree on a plan to modernize the Community Reinvestment Act.

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