Digital mortgages slowly making their way into servicing

03/27/18

Servicers are still trying to figure out how they can best take advantage of the growing use of electronic notes and other digital mortgage tools by lenders and the secondary market.

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Who should go at Deutsche Bank: The chairman or CEO?

03/27/18

Deutsche Bank Chairman Paul Achleitner is said to have held talks with possible replacements for CEO John Cryan. The bank's turnaround efforts have been disappointing in many eyes, but there is open debate on whether it's Cryan or Achleitner who deserves most of the blame.

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Can blockchain ease banks’ digital-identity concerns?

03/27/18

A startup called Spring Labs has launched a blockchain network with the goal of getting lenders and data providers to share data to help verify customers' identity.

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Back-office upgrades key to customer-focused banking, survey finds

03/27/18

Operations executives said in a recent survey that they have to modernize their back offices before they can meet their No. 1 goal: improving the customer experience.

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10 questions for departing N.Y. Fed chief William Dudley

03/27/18

In an interview with American Banker, the outgoing president of the Federal Reserve Bank of New York discussed changes in supervision, bank culture and his advice to his successor.

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BofA pays U.K. female staff 28.7% less than male employees

03/27/18

Bank of America pays female staff in Britain 28.7% less on average than male employees, according to a report released Tuesday.

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Citi pays male staffers in U.K. 44% more than females

03/27/18

Morgan Stanley also reported a wide disparity in gender pay, reflecting the greater proportion of men in top executive posts.

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Bank bonuses soar; White House probing Kushner loans

03/27/18

Payouts on Wall Street averaged $184,000, following only 2006’s record high; ethics office eying $500 million of real estate loans made to Trump son-in-law.

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Low Income Housing Tax Credit gets boost from spending bill

03/26/18

Lawmakers approved a measure to increase the program's funding by nearly $3 billion over four years.

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MUFG's big U.S. expansion is just getting started

03/26/18

The holding company for Union Bank — itself a unit of the Japanese giant Mitsubishi UFJ Financial Group — is on a mission to double its size and become one of the nation's 10 largest banks. Under Steve Cummings, its first-ever American CEO, MUFG Americas has expanded middle-market lending and amassed $3 billion of consumer deposits through its new online bank. Is a splashy acquisition next?

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