PNC to acquire M&A advisory firm Fortis

12/20/17

The deal for the San Diego company would be PNC's second nonbank acquisition in less than a month.

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Here’s what tax reform bill will cost banks

12/20/17

The tax reform legislation approved by Congress on Wednesday and expected to be signed by President Trump soon is mostly good news for banks, but many will have to take big charges in the fourth quarter as a result.

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OCC's Otting sees future for fintech charter, CRA reform

12/20/17

Comptroller of the Currency Joseph Otting said in a press conference Wednesday morning that there is a place in the banking world for some kind of fintech charter, though the exact parameters of such a charter are still unclear and have to be worked out.

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Like it or not, we need Equifax

12/20/17

The credit bureau enraged many with its response to a massive data breach this fall, but closing the company down would ultimately harm consumers.

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House passes SIFI reform; Living wills of biggest banks approved

12/20/17

The $50 billion threshold replaced by a formula, but bill must be reconciled with Senate version; Fed, FDIC say the eight big banks still have work to do.

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House passes bold SIFI bill, but its success may be fleeting

12/19/17

Despite increasing bipartisan support to remove asset cutoffs for "systemically important financial institutions," Congress will likely settle for an asset threshold increase.

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Pressure mounts on banks to address gender pay gap

12/19/17

A new U.K. rule requiring firms to disclose their pay practices, combined with the increased attention on women's workplace issues in general, is forcing banks and other companies to be more forthcoming about what they are paying female employees.

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Regulators approve big banks’ living wills — with a warning

12/19/17

The Federal Reserve and Federal Deposit Insurance Corp. identified shortcomings with the living wills of Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley, even as they gave them and the remainder of the eight biggest banks a pass.

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Ripple adds Morgan Stanley veteran to board of directors

12/19/17

The blockchain startup continues to pack its board with mainstream finance experts.

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CFPB's Mulvaney scraps survey for debt collection plan

12/19/17

The Consumer Financial Protection Bureau on Tuesday withdrew a plan to conduct a web survey for its debt collection proposal while acting Director Mick Mulvaney reviews the rulemaking.

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