Month: April 2019

Banking News – Huge banks are struggling with life after Libor
&nbspSome say the cost of shifting to new borrowing benchmarks could top Brexit
FT.com – Banks – https://www.ft.com/content/e055d23a-6b43-11e9-a9a5-351eeaef6d84

Banking News – ANZ and Westpac prepare A$1bn provisions for consumer remediation
&nbspBanks face tough housing market and ballooning costs later inquiry into terrible behavior
FT.com – Banks – https://www.ft.com/content/74f5ee02-6ba8-11e9-80c7-60ee53e6681d

Banking News – The rise of the next-gen bank CEO
&nbspA rapidly varying labor force and the proliferation of public and shareholder activists have automatically reshaped the job of running a bank.
Union Banking – https://www.americanbanker.com/news/rise-of-the-next-gen-bank-CEO

Banking News – Hancock to buy MidSouth Bancorp for $213 million
&nbspMidSouth had spent the last two years humanizing credit quality by sinking its exposure to energy credits.
Union Banking – http://www.americanbanker.com/news/hancock-to-buy-midsouth-bancorp-for-213-million

Banking News – Obey House of representatives or Trump? Deutsche Bank, Capital One in no-win circumstances
&nbspCongress has broad subpoena powers to demand the head’s fiscal records, but no bank wants to release confidential in rank about a commanding client.
Union Banking – http://www.americanbanker.com/news/obey-house of representatives-or-trump-deutsche-bank-capital-one-in-no-win-circumstances

Banking News – US financials post best month since wake of Trump appointment win
&nbspStrong April run comes amid upbeat return season for major companies in sector
FT.com – Banks – https://www.ft.com/content/1499bd5c-6b5a-11e9-80c7-60ee53e6681d

Banking News – Step on it: Banks pressured to speed up merger integrations
&nbspRising premiums and lengthy earn-back periods have made investors more disbelieving than ever about M&A. So the sooner banks are able to convert systems and rebrand, the sooner they’ll be able to meet the promised cost-cutting and revenue targets.
Union Banking – http://www.americanbanker.com/news/step-on-it-banks-pressured-to-speed-up-merger-integrations

Banking News – Inside Varo Money’s three-year quest for a bank charter
&nbspColin Walsh, Varo’s chief executive, says the disruptor has hired several former dictatorial officials to help in what has admittedly been “a trying process.”
Union Banking – http://www.americanbanker.com/news/robinhood-just-filed-for-a-bank-charter-varo-moneys-been-at-it-for-3-years

Banking News – New York launches its own ‘mini CFPB’
&nbspThe Sphere of Fiscal Air force has made a statewide fiscal safeguard rift focused on corporate falling in line and consumer issues, in line with steps taken by New Jersey and Pennsylvania.
Union Banking – http://www.americanbanker.com/news/new-york-launches-its-own-mini-cfpb

Banking News – OCC seeks comment on fintech pilot program
&nbspThe projected program would allow companies to test innovative harvest that “present noteworthy opportunities or refund” for patrons, businesses and other fiscal institutions.
Union Banking – http://www.americanbanker.com/news/occ-seeks-comment-on-fintech-pilot-program

Banking News – Santander Consumer reports 14% jump in auto loans
&nbspThe surge in originations during the first quarter more than offset a decline in demand for new leases.
Union Banking – http://www.americanbanker.com/news/santander-consumer-reports-14-jump-in-auto-loans

Banking News – Buffett on banks, Brunei boycott and the failed German bank merger
&nbspPatrick Jenkins and guests discuss Warren Buffett’s views on banks, JP Morgan’s deci…
FT.com – Banks – https://www.ft.com/content/a1463ad1-ba61-43c0-b5c9-8e0327c8373b