Warner: Government Should Not Stand in the Way of Fintech
The government should encourage the development of the fintech sector, but should not grant a safe harbor for such firms, Sen. Mark Warner, D-Va., said Thursday. American Banker
Category Archives: Uncategorized
Capital One Adds to Its Growing List of Fintech Deals
With its acquisition of the online pricing firm Paribus, Capital One continues a pattern in recent years of acquiring promising fintech startups. American Banker
Ex-Banker Claims Last Laugh with Deal to Sell Nonbank Lender
Thomas Depping, who quit banking out of frustration with regulators five years ago, says Warburg Pincus’ deep pockets will help him make Ascentium Capital a household name among small-business borrowers. American Banker
20 Fintech Companies to Watch
To identify the fintech startups deserving of special recognition this year as part of the FinTech Forward program, we asked our judges to consider several factors: Is this organization solving relevant problems for the banking industry? Is the organization creating change? Is the solution timely? Does it speak to the challenges the industry faces now?
The Quiet Investor Community Banks Need to Know
Shiv Govindan at Pilgrims & Indians Capital has kept a relatively low profile as a bank investor. But two key board appointments at struggling community banks promise to make him a more visible player in the industry. American Banker
BB&T Paying $83M to Settle FHA Bad Loan Investigation
BB&T Corp. has agreed to pay $ 83 million to settle a Department of Justice investigation over loans that failed quality control tests but were still insured by the Federal Housing Administration. American Banker
Citi Gives ClearXchange’s Bank P-to-P Network a Boost
Citi will join Early Warning’s clearXchange, giving the bank-operated digital transfer network a boost as it takes on apps like PayPal’s Venmo. American Banker
Lawmakers Back Banks in FDIC Brokered Deposit Fight
Following industry objections to how the Federal Deposit Insurance Corp. defines brokered deposits, a House panel heard testimony Tuesday on a series of bills that would amend the definition. American Banker
Regulators Close Ark. Bank in Year’s Fifth Failure
Arkansas regulators have closed the $ 66.3 million-asset Allied Bank in Mulberry, the fifth institution to fail this year. American Banker
CRE Chief Rises to Top at Brookline Bank
Brookline Bancorp in Boston has promoted its head of commercial real estate lending to leader of its entire banking unit. American Banker