Can a blockchain tech revolutionize corporate deposits?

10/13/17

Credit Suisse, State Street and several other banks are experimenting with a blockchain technology that could allow them to make corporate deposits more affordable to hold on their books.

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Barb Godin is making Regions' lenders more accountable

10/13/17

Regions Financial's chief credit officer is leading a transformation in the way the company manages risk in its loan portfolio.

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Commercial lending climbs 7% at PNC, boosting profits

10/13/17

The Pittsburgh company benefited from loan growth and higher interest rates, though fee income fell and expense rose in the third quarter.

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Mortgage crisis bites back in Wells' 3Q

10/13/17

Wells Fargo took a surprise $1 billion charge in the quarter for previously disclosed pre-crisis, mortgage-related regulatory investigations. It contributed to a 19% fall in profits.

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B of A's revenue barely rises, but cost cuts come to the rescue

10/13/17

Total revenue rose less than 1% to $21.8 billion, but expenses declined 2.5% to $13.1 billion. That computed to the highest profit at Bank of America in six years.

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GOP sharpens focus on credit bureau fixes

10/12/17

The legislative response to the Equifax breach is increasingly bipartisan, but will congressional proposals actually reduce the threat to consumers?

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House approves disaster relief bill without contentious construction ban

10/12/17

While the House disaster relief bill would provide $16 billion in debt relief for the National Flood Insurance Program, it does not include a Trump administration proposal to ban new construction in flood-prone areas.

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Depositors put ‘digital capability’ on par with yields: Inside JPM's 3Q

10/12/17

Consumers are looking for high-tech services, not just higher deposit rates, in deciding where to park their cash, a top JPMorgan executive said in discussing the company's explosive deposit growth in the third quarter — and whether it will continue.

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Credit card losses are mounting. Worrisome trend or worth tolerating?

10/12/17

Rising losses and chargeoffs at JPMorgan Chase and Citigroup could be an indication of future trouble at other banks. Still, executives are bullish on cards and argue that the loss rates are logical consequences of rate hikes and attempts to expand card business.

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Choose the company you work for carefully: Huntington's Mary Navarro

10/12/17

What's more important than which job you take? Which company you work for. That is one of the lessons Huntington’s Mary Navarro learned in her 42 years in banking.

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