Banking News – Jamie Dimon got it incorrect on the chief of Wells Fargo
 Tim Sloan had to go, for Wells to reset dictatorial relations and to go on from scandal
FT.com – Banks – https://www.ft.com/content/6365a45e-82b7-11e9-b592-5fe435b57a3b
Month: May 2019
First failed bank since 2017 will leave FDIC with hefty price tag
Banking News – First failed bank since 2017 will leave FDIC with hefty price tag
 Regulators closed The Enloe State Bank in Texas late Friday, marking the first failure in 17 months and the first in the Lone Star State in over five years.
Union Banking – http://www.americanbanker.com/news/first-failed-bank-since-2017-will-leave-fdic-with-hefty-price-tag
Pennsylvania bank works to stem damage from CEO’s fraud arrest
Banking News – Pennsylvania bank works to stem hurt from CEO’s fraud arrest
 While Noah Bank’s CEO has been accused of self-dealing in tie with SBA loans, its chairman says the directors had a succession plot ready to go and are rallying to rescue the bank’s reputation.
Union Banking – http://www.americanbanker.com/news/pennsylvania-bank-works-to-stem-hurt-from-ceos-fraud-arrest
Santa Cruz County Bank in California agrees to buy neighbor
Banking News – Santa Cruz County Bank in California agrees to buy national
 The bank will have about $1 billion in assets after it buys Lighthouse Bank, which is also based in Santa Cruz.
Union Banking – http://www.americanbanker.com/news/santa-cruz-county-bank-in-california-agrees-to-buy-national
Fed announces dates for release of 2019 stress test results
Banking News – Fed announces dates for release of 2019 stress test results
 This is the first year that only the largest and most complex banks will be built-in after the Federal Reserve chose to let smaller firms wait until next year to resume testing.
Union Banking – http://www.americanbanker.com/news/fed-announces-dates-for-release-of-2019-stress-test-results
BB&T-SunTrust moniker mystery, Dimon’s Wells blast, big banks and APIs: Top stories of the week
Banking News – BB&T-SunTrust moniker mystery, Dimon’s Wells blast, huge banks and APIs: Top tales of the week
 Suspense builds on what the new name of merged BB&T-SunTrust will be; JPMorgan Chase CEO Jamie Dimon says Wells Fargo ‘irresponsible’ for lack of CEO plot; how APIs are being used at Citi, BBVA and other leading banks; and more from this week’s most-read tales.
Union Banking – http://www.americanbanker.com/list/bb-t-suntrust-moniker-mystery-dimons-wells-blast-huge-banks-and-apis-top-tales-of-the-week
6 Tech Stocks to China-Proof Your Portfolio
Private Finance – 6 Tech Stocks to China-Proof Your Choice
The ongoing trade war between the U.S. and China is having an certainly halfhearted effect on the equipment sector. Copious tech stocks have heavy Chinese exposure, whether it’s via the rare-earth equipment they use in their harvest, manufacturing done in China or just deriving a large percentage of revenues from the country. And their shares have been punished as the rift between the two countries has widened.
As a group, the outlook is troublesome. But a few tech stocks are more protected than others from Chinese trade issues. Just look to the cloud.
Cloud computing has been a valuable mega-trend on its own; whole industries have went into scaled data centers, linked by fiber cable and wireless networks. But it also is shaping up to be a touch of a safe haven from trade concerns. China may make some of our devices, and their chips may go into our equipment infrastructure, but the clouds themselves are ours, and so is the value inside them. Thus, many companies that operate cloud-based air force look to be moderately well-insulated against this long-running U.S.-China trade spat.
The later are six tech stocks that can help China-proof your choice. Many of these stocks have run hot in 2019, and some of them are pricey as a result. But each is also a strong long-term holding based on the merit of their technological innovations and the valuable markets they address.
SEE ALSO: 50 Top Stocks That Billionaires Like
Kiplinger Private Finance – https://www.kiplinger.com/slideshow/investing/T058-S001-6-tech-stocks-to-china-proof-your-choice/index.html
Wells Fargo in talks to scratch one scandal off next CEO’s list
Banking News – Wells Fargo in talks to scratch one scandal off next CEO’s list
 Wells Fargo is in negotiations to settle a U.S. probe into procurement of low-income housing tax credits as its top lawyer tries to clean up issues before handing off the chief executive officer role.
Union Banking – http://www.americanbanker.com/articles/wells-fargo-in-talks-to-scratch-one-scandal-off-next-ceos-list
Goldman Sachs aims to woo more midsized companies
Banking News – Goldman Sachs aims to woo more midsized companies
 Bank plays down talk of cuts to trading affair even as it seeks growth everyplace else
FT.com – Banks – https://www.ft.com/content/eac62a32-83a1-11e9-b592-5fe435b57a3b
Fifth Third seeks national bank charter to accelerate expansion
Banking News – Fifth Third seeks inhabitant bank charter to accelerate additional room
 The Cincinnati bank wants to convert from a state charter as it expands in the Southeast and beefs up digital banking operations.
Union Banking – http://www.americanbanker.com/news/fifth-third-seeks-inhabitant-bank-charter-to-accelerate-additional room
One important piece of GSEs’ transformation ready for launch
Banking News – One vital piece of GSEs’ transformation ready for launch
 The launch of a collective securitization platform for Fannie Mae and Freddie Mac is meant to ease the transition to a new housing finance system. But questions remain about how the finance sphere will adapt to the single wellbeing.
Union Banking – http://www.americanbanker.com/news/one-vital-piece-of-gses-transformation-ready-for-launch
Barclays: border squirmish
Banking News – Barclays: border squirmish
 Bank’s past exploits expose it to reputational risk on tax matters
FT.com – Banks – https://www.ft.com/content/715707b2-83a5-11e9-9935-ad75bb96c849
How to Budget
Private Finance – How to Budget
OK, so it isn’t the most fun thing to do, but making a budget is incredibly vital. And there are many ways to do it. You just have to conduct experiment until you find the one that’s right for you.
Kiplinger Private Finance – https://www.kiplinger.com/article/saving/T007-C032-S014-how-to-budget.html
11 Worst Wedding Gifts for Newlyweds
Private Finance – 11 Worst Wedding Gifts for Newlyweds
When it comes to wedding gifts, it’s not just the thought that counts. The money counts, too. The average wedding guest will spend $127 on a gift for a family member, according to an American Express costs survey, and $99 on a gift for a friend. You’re wasting your money by giving gifts that brides and grooms don’t want and won’t use.
The safe course, genuinely, is to stick to the couple’s gift registry. “The key to giving a excellent wedding gift is pretty simple: Get the couple what they want and what they have questioned for,” says Sarah Trotter of Lasting Impressions Weddings of Minnetonka, Minn. Nothing on the registry you like or can afford? Then give cash as a wedding gift, says Trotter.
The 1,803 adults surveyed by American Express concur: 37% prefer gifts from a registry, followed by cash (31%) and gift cards (13%). Just 5% want a gift that’s not on the registry. (And if you insist on going off-registry, at least include a gift receipt.) More just, wedding schooling website TheKnot.com advises costs $75 to $100 on gifts for distant relatives and co-workers, $100 to $150 for relatives and friends, and $100 to $200+ if the wedding is for a close relation or close friend.
Here’s a look at some of the worst wedding gifts to give, based on pointer from wedding experts and wedding participants. Thought-out physically warned.
SEE ALSO: 13 Pricey Gifts Worth Every Penny
Kiplinger Private Finance – https://www.kiplinger.com/slideshow/costs/T050-S001-worst-wedding-gifts-for-newlyweds/index.html
Choosing Between a Private Foundation vs. Donor-Advised Fund
Private Finance – Choosing Between a Private Foundation vs. Donor-Advised Fund
Whether you want control with a private foundation or confidentiality and fewer restrictions with a donor-advised fund, each of these has its own place.
Kiplinger Private Finance – https://www.kiplinger.com/article/taxes/T055-C032-S014-choosing-private-foundation-or-donor-advised-fund.html
Steve Wozniak on common innovation mistakes
Banking News – Steve Wozniak on common innovation mistakes
 The Apple co-founder offered advice on how to make flourishing harvest, why he craves privacy and why companies should value engineers and inventors.
Union Banking – http://www.americanbanker.com/news/apple-co-founder-steve-wozniak-on-common-innovation-mistakes
Steve Wozniak on common innovation mistakes
Banking News – Steve Wozniak on common innovation mistakes
 The Apple co-founder offered advice on how to make flourishing harvest, why he craves privacy and why companies should value engineers and inventors.
Union Banking – http://www.americanbanker.com/news/apple-co-founder-steve-wozniak-on-common-innovation-mistakes
Steve Wozniak on common innovation mistakes
Banking News – Steve Wozniak on common innovation mistakes
 The Apple co-founder offered advice on how to make flourishing harvest, why he craves privacy and why companies should value engineers and inventors.
Union Banking – http://www.americanbanker.com/news/apple-co-founder-steve-wozniak-on-common-innovation-mistakes
Don’t hand Fannie, Freddie over to the Fed
Banking News – Don’t hand Fannie, Freddie over to the Fed
 There’s been chatter about whether the regime-sponsored enterprises should be thorough systemically vital. But supporters must thought-out that such a mark would place the Fed in charge of their supervision, a step that would do more harm than excellent.
Union Banking – http://www.americanbanker.com/opinion/dont-hand-fannie-freddie-over-to-the-fed
Don’t hand Fannie, Freddie over to the Fed
Banking News – Don’t hand Fannie, Freddie over to the Fed
 There’s been chatter about whether the regime-sponsored enterprises should be thorough systemically vital. But supporters must thought-out that such a mark would place the Fed in charge of their supervision, a step that would do more harm than excellent.
Union Banking – http://www.americanbanker.com/opinion/dont-hand-fannie-freddie-over-to-the-fed