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Navient seeks to narrow CFPB’s student loan servicing lawsuit
Published: 19/01/2019The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence. Read moreSource: www.americanbanker.com -
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Lower expenses, C&I growth drive Regions' 4Q profits
Published: 19/01/2019Strong demand for commercial loans helped offset weaker growth in consumer lending and a decline in fee income. Read moreSource: www.americanbanker.com -
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Scott to lead Senate Banking's financial institutions subcommittee
Published: 19/01/2019The South Carolina Republican will take over for Sen. Pat Toomey, R-Pa., as part of a reshuffling of subcommittee assignments. Read moreSource: www.americanbanker.com
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How Citi will shrink its pay gap, and beware those freshman renegades
Published: 19/01/2019Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive female freshmen who are storming D.C. a lot better. Plus, lots ... Read moreSource: www.americanbanker.com -
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Warren demands details on Mnuchin's December calls to bank CEOs
Published: 19/01/2019In letters to the Treasury secretary and CEOs of the largest banks, the Massachusetts Democrat questioned why Mnuchin was trying to quell liquidity fears that had not previously been mentioned by regu ... Read moreSource: www.americanbanker.com -
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Fannie-Freddie soar on FHFA chief's conservatorship comment
Published: 19/01/2019Fannie Mae and Freddie Mac shares soared Friday amid fresh reports that the Trump administration is working on proposal that would recommend freeing the mortgage-finance giants from government control ... Read moreSource: www.americanbanker.com
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Battle for deposits is ‘a steel-cage match’
Published: 19/01/2019Loan demand is finally picking up after several lackluster quarters. Banks' big challenge is finding cheap deposits to fund all those new loans. Read moreSource: www.americanbanker.com -
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CFPB's payday rule revamp, Fiserv-First Data deal, shutdown impact: Top stories of the week
Published: 19/01/2019CFPB to scrap key underwriting portion of payday rule; Fiserv-First Data — why small banks fear big fintech; banks, credit unions help federal workers hurt by shutdown; and more from this week's most- ... Read moreSource: www.americanbanker.com -
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First Horizon 4Q profit reflects focus on traditional banking
Published: 19/01/2019The Tennessee company is pleased with loan growth. It has also been able to reduce its dependence on brokered deposits as it brings in new customers following its purchase of Capital Bank. Read moreSource: www.americanbanker.com
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Veteran banker Cathy Nash leaves Woodforest
Published: 19/01/2019The Texas bank disclosed that James Dreibelbis, a longtime Woodforest executive, succeeded Nash as president and CEO in late December. Read moreSource: www.americanbanker.com -
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Morgan Stanley boosted Gorman’s pay by 7% in 2018
Published: 19/01/2019Board rewards the chief’s ‘outstanding individual performance’ Read moreSource: www.ft.com -
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Now on Twitter: Klarna’s Snoop Dogg Investment Announcement a ‘Bold’ Move
Published: 18/01/2019If you don’t have Snoop Dogg, what do you have? That’s what fintech startups other than Klarna must be thinking after the Swedish payments company announced this week it was bringing the rap icon onto ... Read moreSource: bankinnovation.net
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Amex Turns to Service-Focused Apps to Add Rewards and Cashback Perks
Published: 18/01/2019Rewards and cashback programs, crucial growth tools for credit card businesses, have traditionally been based on what consumers buy. American Express Co. is turning to consumer-focused service apps fo ... Read moreSource: bankinnovation.net -
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Investors shrug off US banks’ poor results
Published: 18/01/2019Mixed bag comes after markets had been expecting worse news Read moreSource: www.ft.com -
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Asset management fee squeeze hits State Street
Published: 18/01/2019Bank to lay off 1,500 as asset servicing and index fund units both feel margin pressure Read moreSource: www.ft.com
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How many computers are in schools can depend on who's asking
Published: 18/01/2019counting the beans can sometimes be rather difficult -- and what you brew may depend on how you count A recent EduTech blog post explored how issues related to ownership and liability can im ... Read moreSource: blogs.worldbank.org -
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Bank Execs Optimistic Tech Spend Will Yield Cost Savings, Eventually
Published: 18/01/2019Executives at the four big U.S. banks seem to be optimistic their technology and innovation investments will pay off in the long run, and fourth quarter earnings for 2018 suggest some are already seei ... Read moreSource: bankinnovation.net -
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How Banks Woo Rich Heirs: Silicon Valley Tour Ending at Dive Bar
Published: 18/01/2019It’s karaoke Thursday in Silicon Valley, and the song that ought to be playing is Travie McCoy’s “Billionaire.” After all, the young people gathered at Fred’s Place, a dive bar not far from the Google ... Read moreSource: bankinnovation.net
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Latest GSE reform offers blueprint without Congress
Published: 18/01/2019The Milken Institute's plan to address the housing finance system proposes a number of measures that could be carried out by regulators, after years of stalled legislative attempts. Read moreSource: www.americanbanker.com -
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Signature Bank's profits surge on market, business-line expansion
Published: 18/01/2019The New York company added eight new client teams in 2018 and established a new division that caters to private equity firms on both coasts. Read moreSource: www.americanbanker.com -
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OCC's Otting names chief operating officer as part of massive restructuring
Published: 18/01/2019Morris Morgan, previously one of the top large bank supervisors at the OCC, was tapped as senior deputy comptroller and chief operating officer amid a multimillion-dollar effort to revamp the agency. Read moreSource: www.americanbanker.com
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