BANKING INDUSTRY NEWS

• Banks Want Efficiency. Critics Warn of Backsliding. - The New York Times [Read Full Story ]
  Tue, 20 Aug 2019 09:01:43 GMT
  Banks Want Efficiency. Critics Warn of Backsliding.  The New York Times

  The Federal Reserve is streamlining postcrisis bank regulation. The end result could be lower capital requirements for the biggest banks.

  
  
• China may have a new way of boosting its economy. Here's what the central bank just did - CNBC [Read Full Story ]
  Tue, 20 Aug 2019 08:22:55 GMT
  China may have a new way of boosting its economy. Here's what the central bank just did  CNBC

  China's central bank has changed the way commercial lenders set interest rates for loans " a move expected to bring borrowing costs lower at a time when the ...

  
  
• Humbled Deutsche Bank faces battle in its own backyard - Reuters [Read Full Story ]
  Tue, 20 Aug 2019 05:39:00 GMT
  Humbled Deutsche Bank faces battle in its own backyard  Reuters

  FRANKFURT (Reuters) - Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief ...

  
  
• Pritzker signs bill to drive consumers to banks - WGN TV Chicago [Read Full Story ]
  Mon, 19 Aug 2019 17:40:00 GMT
  Pritzker signs bill to drive consumers to banks  WGN TV Chicago

  CHICAGO " The state of Illinois is trying to steer people toward banks and away from predatory lenders. Gov. J.B. Pritzker signed the "Bank On" bill Monday.

  
  
• Bank of America has poached dealmaker Jean Greene from Lazard - Business Insider [Read Full Story ]
  Mon, 19 Aug 2019 17:22:14 GMT
  Bank of America has poached dealmaker Jean Greene from Lazard  Business Insider

  Bank of America has hired more than two dozen senior dealmakers this year amid a turnaround of its investment-banking operations.

  
  
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  Credit Unions Can Bank Hemp Businesses, Federal Agency Announces - Marijuana Moment [Read Full Story ]
  Mon, 19 Aug 2019 20:28:34 GMT
  Credit Unions Can Bank Hemp Businesses, Federal Agency Announces  Marijuana Moment

  A federal financial agency released updated guidelines on banking in the hemp industry on Monday, following up on requests from multiple lawmakers to ...

  
  
• Warren Buffett Is Buying Bank Stocks. Why Arent Others? - The Indian Express [Read Full Story ]
  Sun, 18 Aug 2019 20:21:25 GMT
  Warren Buffett Is Buying Bank Stocks. Why Arent Others?  The Indian Express

  Growth is slowing, worries of a recession are rising and the Fed just cut interest rates. Wall Street analysts expect lower rates to crimp banks' profitability.

  
  
• Bank of America Files Patent for Multi-Tiered Digital Currency Wallet - Cointelegraph [Read Full Story ]
  Mon, 19 Aug 2019 18:45:00 GMT
  Bank of America Files Patent for Multi-Tiered Digital Currency Wallet  Cointelegraph

  Bank of America has filed a patent for a crypto-inclusive digital currency wallet with multiple tiers of access.

  
  
• A Greater Bank experience with core banking in the cloud - ZDNet [Read Full Story ]
  Mon, 19 Aug 2019 00:46:00 GMT
  A Greater Bank experience with core banking in the cloud  ZDNet

  Australia's Greater Bank has announced its core banking will be moving to the cloud, partnering with digital and core banking software and services provider ...

  
  
• Small banks slide on the inverted yield curve - Financial Times [Read Full Story ]
  Tue, 20 Aug 2019 03:01:08 GMT
  Small banks slide on the inverted yield curve  Financial Times

  The inversion of the yield curve " the market indicator that has rattled Wall Street " has had a particularly pronounced effect on US regional banks, whose ...

  
  
• Beijing's Belt and Road plans could boost the Islamic banking sector - CNBC [Read Full Story ]
  Tue, 20 Aug 2019 01:48:00 GMT
  Beijing's Belt and Road plans could boost the Islamic banking sector  CNBC

  China's pursuit of business and economic links to the Middle East is expected to spur further development in Islamic finance around the world. Specifically ...

  
  
• HSBC: Chinese headwinds threaten to blow bank off course - Financial Times [Read Full Story ]
  Mon, 19 Aug 2019 04:00:00 GMT
  HSBC: Chinese headwinds threaten to blow bank off course  Financial Times

  When Liu Xiaoming, China's ambassador to the UK, gave an address at HSBC's Chinese new year party in February, he was full of praise for the bank.

  
  
• 'Pleasant' woman robs Huntington Bank in Kalamazoo - MLive.com [Read Full Story ]
  Mon, 19 Aug 2019 20:40:00 GMT
  'Pleasant' woman robs Huntington Bank in Kalamazoo  MLive.com

  The Kalamazoo Department of Public Safety is warning residents not to leave their cars unattended to warm up after an uptick in car thefts in the city. By Brad ...

  
  
• Route to $5 trillion facing headwinds: Bank CEOs - Economic Times [Read Full Story ]
  Tue, 20 Aug 2019 05:43:00 GMT
  Route to $5 trillion facing headwinds: Bank CEOs  Economic Times

  MUMBAI: India's aspiration to become a $5-trillion economy is facing headwinds because of slower loan demand and higher NPAs (non-performing assets) in ...

  
  
• Venmo launches instant transfers to bank accounts - TechCrunch [Read Full Story ]
  Mon, 12 Aug 2019 18:28:56 GMT
  Venmo launches instant transfers to bank accounts  TechCrunch

  PayPal -owned payments app Venmo today announced support for instant transfers to U.S. bank accounts. The feature is an optional alternative to Venmo's ...

  
  
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