Month: January 2017

Banking News – Trump team urged to fix Fannie and Freddie
&nbspMortgage Bankers Friendship says groups should be turned into privately owned utilities
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/d0ad13de-e7d3-11e6-967b-c88452263daf.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Trump team urged to fix Fannie and Freddie
&nbspMortgage Bankers Friendship says groups should be turned into privately owned utilities
FT.com – Banks – http://www.ft.com/cms/s/0/d0ad13de-e7d3-11e6-967b-c88452263daf.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Deutsche settles another legal headache
&nbspBank now faces questions over its capital levels and approach
FT.com – Banks – http://www.ft.com/cms/s/0/3ee2d6d8-e7a0-11e6-967b-c88452263daf.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Nasdaq to fix fixed-income trading affair
&nbspExchange to take $578m charge to end eSpeed brand and close London futures venue
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/17b67c9c-e7c1-11e6-967b-c88452263daf.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Pioneer of robo-advice sector opts for human touch
&nbspBetterment hopes to boost demand by donation customers access to fiscal advisers
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/c6b3bd9e-e74f-11e6-893c-082c54a7f539.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – HSBC appoints consumer service manager as head of First Direct
&nbspJoe Gordon to replace Tracy Garrad at top of group’s online banking arm
FT.com – Banks – http://www.ft.com/cms/s/0/151fcc5a-e7a7-11e6-893c-082c54a7f539.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Green Dot to buy RushCard parent for $167 million
&nbspThe Pasadena, Calif.-based prepaid card issuer expects to gain 750,000 active new cardholders in the deal.
Union Banking – http://www.americanbanker.com/news/green-dot-to-buy-rushcard-parent-for-167-million

Banking News – How much is a digital bank worth, anyway?
&nbspCustomers Bancorp says it expects to announce a deal to divest its BankMobile unit within 60 days. It could be an arresting target for a bank with strong loan demand.
Union Banking – http://www.americanbanker.com/news/how-much-is-a-digital-bank-worth-anyway

Banking News – Fed finalizes qualitative stress test changes
&nbspThe Federal Reserve Board ordinary a bid Monday calculated to exempt most of the 33 banks subject to annual stress testing from the “qualitative” aspects of the test.
Union Banking – http://www.americanbanker.com/news/fed-finalizes-qualitative-stress-test-changes

Banking News – Citi’s servicing exit tips the scale toward nonbanks
&nbspCitigroup’s plans to sell a $97 billion finance servicing choice and subservice its left over fiscal proclamation highlights the growing popularity of nondepository servicers and raises questions about how much room exists for these institutions to absorb more large deals.
Union Banking – http://www.americanbanker.com/news/citis-servicing-exit-tips-the-scale-toward-nonbanks

Banking News – Appeals court rules against Reserves in GSE case
&nbspA federal appeals court ruled Monday that the Reserves Sphere will have to hand over more ID to investors of Fannie Mae and Freddie Mac related to its profit sweep of the two regime-sponsored enterprises.
Union Banking – http://www.americanbanker.com/news/appeals-court-rules-against-reserves-in-gse-case

Banking News – What does Trump’s 2-for-1 reg rollback mean for fiscal institutions?
&nbspPresident Trump’s order to eliminate two set of laws for every new one does not apply to fiscal society regulators, but may affect banks and credit unions in other ways.
Union Banking – http://www.americanbanker.com/news/what-does-trumps-2-for-1-reg-rollback-mean-for-fiscal-institutions

Banking News – Citi continues to simplify, shrink with finance servicing exit
&nbspCitigroup’s declaration to exit finance servicing by the end of 2018 is part of a long-term approach to boost returns and sharpen the bank’s focus on its core retail customers.
Union Banking – http://www.americanbanker.com/news/citi-continues-to-simplify-shrink-with-finance-servicing-exit

Banking News – Democrats fruitfully delay vote on Reserves Desk-designate Mnuchin
&nbspSenate Democrats delayed a plotted panel vote Monday on the appointment of Reserves Desk-designate Steven Mnuchin, pushing it back until Tuesday morning.
Union Banking – http://www.americanbanker.com/news/democrats-fruitfully-delay-vote-on-reserves-desk-designate-mnuchin

Banking News – PHH seeks to block state AGs from intervening in CFPB case
&nbspPHH Corp. is hostile an attempt by Free attorneys general in 16 states and the Constituency of Columbia to intervene in an appeals court case that found the Consumer Fiscal Safeguard Bureau unauthorized.
Union Banking – http://www.americanbanker.com/news/phh-seeks-to-block-state-ags-from-intervening-in-cfpb-case

Banking News – Huge banks struggle to be with you scope, impact of Trump travel ban
&nbspThe largest U.S. banks are treading lightly in response to Head Trump’s executive order banning travel to the U.S. by refugees and others from certain Muslim nations. Corporate statements call attention to the need for diversity while stopping small of outright challenger.
Union Banking – http://www.americanbanker.com/news/huge-banks-struggle-to-be with you-scope-impact-of-trump-travel-ban

Banking News – Deutsche Bank in $630m mirror trades agreement
&nbspGerman lender agrees deals with UK and US regulators over alleged transgressions
FT.com – Banks – http://www.ft.com/cms/s/0/5bc8008a-e722-11e6-967b-c88452263daf.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct