M&T snags JPMorgan exec as head of customer experience

02/03/20

The Buffalo, N.Y., bank has hired Aarthi Murali away from JPMorgan Chase to serve as its first chief customer experience officer.

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Why more banks are ditching their legacy core vendors

02/03/20

Newcomers Nymbus, Neocova, Finxact and Technisys and older competitors like Temenos, Infosys and Oracle are winning over community and regional banks by offering what some bankers describe as more flexible technology at fairer prices.

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When a small town loses its only bank

02/02/20

The people of tiny Duncan, Ariz., have found creative ways to adapt to life in a banking desert, but their experience augurs a worrisome future for many other rural communities.

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Tearing up CFPB’s mortgage underwriting rule is the easy part

02/02/20

Now that the Consumer Financial Protection Bureau says it will scrap an unpopular standard for so-called qualified mortgages, the big question is what will take its place.

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OCC's Wells oversight, TD's new consumer chief, big Southeast deal: Top stories of the week

02/01/20

Verdict on OCC’s supervision of Wells Fargo expected in late spring; TD Bank names Matt Boss its new consumer products chief; CenterState and South State plan $3.2B merger with operations stretching from Virginia to Florida; and more from this week’s most-read stories.

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Leveraged loan risk remains 'elevated,' regulators warn

01/31/20

Nonbanks hold a disproportionate percentage of the worst-rated loans, but banks hold a majority of the market, and risk management safeguards are largely untested, according to an interagency report on shared national credit.

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CIBC plans job cuts, joining Canadian peers in savings quest

01/31/20

The Toronto firm, Canada’s fifth-largest lender by assets, must keep “a careful eye on costs” and improve efficiency, its CEO said in a corporate memo.

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Why an algo-trading software firm caught BMO's eye

01/31/20

Clearpool's chief executive says BMO Financial Group, which is buying his company, saw a chance to gain control of cutting-edge technology that would help it cater to a special type of commercial customer.

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CIT Group launches new products for small businesses, HOAs

01/31/20

A new app will allow small-business clients to quickly apply for credit while expanded offerings for homeowners associations will help CIT build up its base of low-cost deposits.

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Warren asks Fed nominee to clarify policy stances

01/31/20

The Massachusetts senator took aim at certain views expressed by Judy Shelton, a Trump administration pick to sit on the Federal Reserve Board, that have sparked controversy.

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