Month: October 2019

Banking News – ‘Enough with the scare tactics’: Observations of the week
&nbspReaders react to Sen. Warren’s plot to weed out Washington corruption, Facebook CEO Mark Zuckerberg’s authentication before House of representatives, restricting the Federal Reserve’s projected real-time payments system and more.
Union Banking – http://www.americanbanker.com/list/enough-with-the-scare-tactics-observations-of-the-week

Banking News – Mobile funds give banks a small-affair trust bump
&nbspTaking a page from fintech competitors, banks have worked to enrich the small-affair app encounter.
Union Banking – http://www.americanbanker.com/news/mobile-funds-give-banks-a-small-affair-trust-bump

Banking News – SVB Fiscal’s huge bet on China
&nbspThe parent of Silicon Valley Bank is as bullish as Citi on the growth the makings in China, despite the trade war. SVB’s focus on early-stage startups is boosting its profits from Asia.
Union Banking – http://www.americanbanker.com/news/svb-financials-huge-bet-on-china

Banking News – Capital One subpoenaed by N.Y., feds over taxi loans
&nbspThe McLean, Va.-based company is under law enforcement analysis for loans that helped propel a boom and bust in the taxi pendant market in New York City.
Union Banking – http://www.americanbanker.com/news/capital-one-subpoenaed-by-ny-feds-over-taxi-loans

Banking News – Banks should reimburse fraud victims, say MPs
&nbspCommittee calls for compensation for customers who are conned into paying fraudsters
FT.com – Banks – https://www.ft.com/content/3c9bc7ba-fbe6-11e9-a354-36acbbb0d9b6

Banking News – Banks should reimburse fraud victims, say MPs
&nbspCommittee calls for compensation for customers who are conned into paying fraudsters
FT.com – Banks – https://www.ft.com/content/3c9bc7ba-fbe6-11e9-a354-36acbbb0d9b6

Banking News – Banks face compensation claim over payment fraud
&nbspMPs’ plot to tackle fiscal crime would hit UK fiscal air force diligence
FT.com – Banks – https://www.ft.com/content/3c9bc7ba-fbe6-11e9-a354-36acbbb0d9b6

Banking News – What helped Cullen/Frost expand its 3Q margin
&nbspThe San Antonio company said it withstood rate pressures because it has been ahead of the game in deposit pricing over the last two years.
Union Banking – http://www.americanbanker.com/news/what-helped-cullen-frost-expand-its-3q-margin

Banking News – New suit against Find out highlights long drawn out robocalling risk
&nbspThe case — the card issuer’s third in six years — is an example of the legal peril that banks and other companies take up again to face over the use of automated phone calls for debt pool and other purposes.
Union Banking – http://www.americanbanker.com/news/new-suit-against-find out-highlights-long drawn out-robocalling-risk

Banking News – Lloyds needs rates boost to accelerate margin
&nbspDirection of travel on net appeal income matters more than car lease impairments
FT.com – Banks – https://www.ft.com/content/f33eb8fc-fbea-11e9-a354-36acbbb0d9b6

Banking News – House bill would mandate congressional visits by huge-bank CEOs
&nbspRep. Ayanna Pressley, D-Mass., has projected requiring annual authentication by the heads of the U.S. “global systemically vital” banks.
Union Banking – http://www.americanbanker.com/news/house-bill-would-mandate-congressional-visits-by-huge-bank-ceos

Banking News – SEC Charges Global Wellbeing-Based Swaps Dealer That Embattled U.S. Investors
&nbspThe Securities and Chat Fee today charged XBT Corp. SARL d/b/a First Global Credit, a Switzerland-based securities dealer, for donation and selling unregistered wellbeing-based swaps to U.S. investors using bitcoins and for failing to take care of…
SEC.gov Updates: Press Releases – https://www.sec.gov/news/press-release/2019-226

Banking News – GSEs need to shape up if they want to leave conservatorship: Calabria
&nbspRecent Fannie Mae and Freddie Mac actions are “not the kind of day-to-day actions that you would expect from companies” under federal control, the head of the Federal Housing Finance Agency said.
Union Banking – http://www.americanbanker.com/news/gses-need-to-shape-up-if-they-want-to-leave-conservatorship-calabria

Banking News – Digit’s latest feature tackles student loan debt
&nbspDigit is applying its automated-savings techniques to the growing problem of student loan debt.
Union Banking – http://www.americanbanker.com/news/digits-tackles-student-loan-debt-in-latest-feature

Banking News – SEC Issues Agenda for Nov. 4 Meeting of the Fixed Income Market Organize Advisory Group
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The Securities…
SEC.gov Updates: Press Releases – https://www.sec.gov/news/press-release/2019-225