Minneapolis Fed's TBTF plan has some GSE-sized holes

04/09/18

The reserve bank's proposal to address banks and nonbanks that remain "too big to fail" does not include two of the largest such institutions: Fannie Mae and Freddie Mac.

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Deutsche ousts CEO; Banks battle for retail deposits

04/09/18

Retail banking chief Christian Sewing will become CEO immediately; higher deposit rates could trim lending margins as banks head into earnings season.

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Amid hurricane recovery, Popular rebrands itself

04/09/18

It’s still not business as usual, but the decision to unify its two brands — Popular Community Bank on the U.S. mainland, Banco Popular in the U.S. territories — under a single, simpler name is a welcome sign that Puerto Rico’s largest bank is moving forward after the devastation of Hurricane Maria.

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Regulatory bar for megabanks will ‘remain very high’: Fed's Powell

04/06/18

With the largest banks remaining profitable and globally competitive, Federal Reserve Chairman Jerome Powell said he has not yet heard a compelling case for giving them substantial regulatory relief.

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RIP GSE reform, emoji translation and Mulvaney’s CFPB plan: Top stories of the week

04/06/18

GSE reform a likely scratch from this year’s to-do list; banks’ difficulties in speaking emoji; reactions to Mick Mulvaney’s plans for the CFPB; and more.

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Making financial inclusion part of the business model

04/06/18

The heads of Mastercard and Santander outlined the concrete steps their firms are taking to bring unbanked consumers into the financial system.

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Digital wealth tools help banks reel in new assets, talent

04/06/18

BMO Wealth Management aims to modernize its investment service and give advisers better equipment. Others offering automated advice solutions include UBS, Wells Fargo and JPMorgan.

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Former Webster CEO Smith mulls run for Connecticut governor

04/06/18

James Smith said he would decide soon whether he’ll seek the Republican nomination for governor. He said he was inspired partly by his recent work on a commission tasked with recommending fixes to the state’s fiscal and economic problems.

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SoFi plans to start rolling out deposit accounts next month

04/06/18

Social Finance said it will start offering deposit accounts and debit cards to some customers next month. It's the first major new product rollout under Chief Executive Officer Anthony Noto.

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Bank regulatory actions under Trump fall to historic lows

04/06/18

As lawmakers consider reforms to the Dodd-Frank Act, fresh data shows a dramatic reduction in new items issued by the regulatory agencies.

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