De-risking at Fifth Third stifles loan growth

04/24/18

The Cincinnati bank reported strong profits, but its efforts to lower credit risk curbed lending as expenses rose in the first quarter.

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Penalties levied against Wells Fargo miss top execs. Again.

04/24/18

No individuals have been named in connection with the bank’s recent misdeeds, which resulted in a $1 billion fine, even as some senior leaders stand to gain from the government’s tax cut.

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Synovus' 1Q profit climbs 45% on surge in consumer lending

04/24/18

Double-digit consumer-loan growth more than offset a decline in commercial real estate loan balances.

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Calif. treasurer wants Wells CEO gone; Cryptocurrencies may not comply

04/24/18

John Chiang says the bank “reeks of betrayal” a day before the bank’s annual meeting; the former chair of the CFTC has doubts about cryptocurrencies.

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Do credit unions still warrant a tax exemption?

04/24/18

A bombshell letter from a prominent senator and a court ruling criticizing credit unions’ interpretation of “field of membership” have bankers hopeful that Congress may finally be willing to examine the public-policy purpose of the Depression-era tax break.

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House bill aims to improve transparency of CFPB guidance process

04/23/18

The legislation would prohibit the CFPB from penalizing institutions that rely in good faith on guidance from the bureau.

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Mulvaney response to CFPB data security gaps baffles cyber experts

04/23/18

The agency's acting chief said hundreds of data breaches justified a halt on collecting information from firms, but experts question that logic.

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Spinoff rumors or not, JPM's blockchain unit is evolving

04/23/18

JPMorgan Chase is sending signals that its homegrown blockchain, Quorum, is alive and well despite a recent shake-up.

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Bankers can't be too cautious with crypto

04/23/18

Financial institutions engaged in virtual currency markets face a number of risks — proceeding carefully is justified.

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AML deadline is Wells’ next concern; Is Zelle a target?

04/23/18

The bank faces June 15 AML compliance deadline; the features that make Zelle popular with customers entice thieves.

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