What FDIC nominee’s withdrawal means for agency’s future
The unexpected withdrawal of the administration’s pick to lead the Federal Deposit Insurance Corp. triggered new uncertainty. American Banker: Feed
Category Archives: Uncategorized
Many get stung by Maryland banking company’s bankruptcy plan
The Treasury Department will take a huge hit when Cecil Bancorp sells it bank, while 1st Mariner Bank in Baltimore will see its equity stake completely wiped out. Cecil opted for bankruptcy court when it was unable to resolve an impasse over its trust-preferred stock. American Banker: Feed
$200M savings in the air vents? Inside JPMorgan’s branch retrofit
Energy sensors will let JPMorgan Chase master-control everything from office temperatures to sprinkler systems in an attempt to preserve the scale of its branch network but lower the costs. American Banker: Feed
Ad Roundup: Partnership, Acquisition, and Launch news
In today’s advertising roundup, a partnership announcement, an acquisition, and a new release, all of which will add to brands’ ability to collect and analyze digital data. BizReport
Pay attention: Lending Club’s first securitization is a big deal
Sponsoring securitizations of the loans funded on its platform will give Lending Club more control over its reputation in the market and make it less beholden to direct loan buyers. American Banker: Feed
How marketplace lenders’ efforts to be more banklike could backfire
Operational changes may be enticing to investors, but they threaten the very foundation of marketplace lending, potentially shutting out those the burgeoning sector was meant to serve. American Banker: Feed
BB&T eyes more insurance agency acquisitions
CEO Kelly King also did not rule out a return to bank M&A now that BB&T has completed the integration of Susquehanna Bancshares and National Penn Bancshares. American Banker: Feed
Breaking Banks: Bitcoin’s backstory; Fintech in Charlotte
American Banker reporter Brian Eha shares stories and thoughts from his new book, “How Money Got Free: Bitcoin and the Fight for the Future of Finance,” and two fintech leaders explain why Charlotte is destined to be the next big fintech hub. American Banker: Feed
‘The CFPB is simply not listening,’ credit union group says
Credit unions continue to press the Consumer Financial Protection Bureau for regulatory relief, arguing that existing exemptions have not gone far enough. American Banker: Feed
Banks’ near-term outlook in three words: ‘Solid, not stellar’
Loan growth is tepid, optimism has waned for regulatory and tax reform, and questions abound on consumer credit, bank CEOs are warning as midyear approaches. American Banker: Feed