'It's reminiscent of Blockbuster investing in remodeling': Comments of the week

10/19/18

Readers react to efforts to improve bank branches, weigh the Consumer Financial Protection Bureau's decision to pull back on enforcing the Military Lending Act, consider efforts to build finetch sandboxes and more.

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Tech spending sprees, construction comeback: Takeaways from 3Q earnings

10/18/18

A shifting C&I landscape, heated competition for deposits and red flags in consumer lending also took center stage in often testy exchanges between bankers and analysts on quarterly earnings calls.

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JPMorgan invites white-hat hackers to security team

10/18/18

Crowdsourced cybersecurity is making inroads into the world of big banks, even though there is a risk bad actors will exploit the opportunity.

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Amex boosts revenue and outlook by attracting smaller businesses

10/18/18

American Express Co.’s quest to be accepted everywhere from the corner bodega to the nail salon down the street is paying off.

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NCUA approves risk-based capital changes, setting stage for new banker battle

10/18/18

Credit unions won't have to comply with the controversial rule until at least 2020, but a separate proposal on alternative capital could raise the ire of banking groups.

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Industry group urges delay in new accounting standard for loan losses

10/18/18

The Bank Policy Institute said the Current Expected Credit Loss model is a “sea change” from how banks have traditionally set aside reserves.

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‘We do not determine our destiny’: A sit-down with outgoing Freddie CEO

10/18/18

Donald Layton, who has run the mortgage giant since 2012, discussed the busy agenda leading up to his departure and says Freddie can serve as a "technical adviser" in GSE reform talks.

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Goldman, Morgan Stanley want to lend the ultra-rich more money

10/18/18

The firms' profit reports this week showed they're increasingly rushing into the booming market for lending to high-net-worth individuals. So far, it's paying off: Morgan Stanley has tripled those loans in the past five years, while Goldman Sachs is expanding overseas.

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Senate's Warren escalates her campaign against Wells Fargo's CEO

10/18/18

Sen. Elizabeth Warren is opening a new front in a campaign against a familiar foe — demanding that the Federal Reserve keep its restrictions on Wells Fargo until Chief Executive Officer Tim Sloan is removed.

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BNY Mellon's profit climbs, but deposit worries mount

10/18/18

Earnings were bolstered by lower taxes and higher asset-servicing fees, but revenue was flat and analysts raised concerns about a shrinking deposit base.

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