Month: August 2020

Banking News – What’s a blockchain bank? A Wall Street veteran construction one clarifies.
&nbspCaitlin Long, a former Morgan Stanley and Credit Suisse administration boss, is early a special-purpose supply society that will provide payment and custody air force to institutional investors and corporate treasurers.
Union Banking – https://www.americanbanker.com/podcast/whats-a-blockchain-bank-a-wall-street-veteran-construction-one-clarifies

Banking News – Banks, consumer groups both got what they wanted in ‘mini-CFPB’ bill
&nbspThe California plot to make a new, tougher state dictatorial agency is at the end line after lawmakers agreed to key exemptions for banks while maintaining strong enforcement events for payday lenders and other firms.
Union Banking – https://www.americanbanker.com/news/banks-consumer-groups-both-got-what-they-wanted-in-mini-cfpb-bill

Banking News – SEC Updates List of Firms Using Inaccurate In rank to Solicit Investors
&nbspThe Securities and Chat Fee today announced that it updated its list of unregistered entities that use ambiguous in rank to solicit primarily non-U.S. investors, adding 23 soliciting entities, eight impersonators of genuine firms,…
SEC.gov Updates: Press Releases – https://www.sec.gov/news/press-release/2020-200

Banking News – Sound Credit Union in Wash. buying branch from First Throughway
&nbspThe deal continues Sound’s push into markets north of its Tacoma center of operations.
Union Banking – https://www.americanbanker.com/news/sound-credit-union-in-wash-buying-branch-from-first-throughway

Banking News – How regional banks edged out larger rivals in reputation rankings
&nbspThe results of the American Banker/RepTrak Survey of Bank Reputations emphasize the substance of communicating in a crisis.
Union Banking – https://www.americanbanker.com/news/how-regional-banks-edged-out-larger-rivals-in-reputation-rankings

Banking News – Bank of America dominates digital banking. Here’s how it plans to stay ahead.
&nbspThe bank is making relentless improvements, counting integrating Merrill Lynch fiscal proclamation into its banking app and adding a wellbeing feature to Zelle.
Union Banking – https://www.americanbanker.com/news/bank-of-america-dominates-digital-banking-heres-how-it-plans-to-stay-ahead

Banking News – SEC Awards Over $1.25 Million to Whistleblower
&nbspThe Securities and Chat Fee today announced an award of over $1.25 million to a whistleblower whose noteworthy in rank prompted the agency to initiate a cause examination and bring an enforcement action that resulted in the return of…
SEC.gov Updates: Press Releases – https://www.sec.gov/news/press-release/2020-199

Banking News – NCUA bans former credit union teller for fraud
&nbspThe Inhabitant Credit Union Handing out issued one veto notice for August.
Union Banking – https://www.americanbanker.com/creditunions/news/ncua-bans-former-credit-union-teller-for-fraud

Banking News – Week ahead: Credit union events to stay digital well into 2021
&nbspIndustry groups are also pushing the federal valve to improve how off-site examinations are conducted.
Union Banking – https://www.americanbanker.com/creditunions/news/week-ahead-credit-union-events-to-stay-digital-well-into-2021

Banking News – UK car finance applications rise by quarter in July and August
&nbspData from Experian show pent-up demand and concern about using public convey drive market
Fiscal Times – Fiscal Air force – https://www.ft.com/content/501229b8-5068-4ee2-b205-83fd847c9883

Banking News – Colo. ‘right lender’ agreement is path forward for bank-fintech partnerships
&nbspThe contract between Colorado creation, market lenders and banks offers a way to organize partnerships without triggering the wrath of state regulators.
Union Banking – https://www.americanbanker.com/opinion/colo-right-lender-agreement-is-path-forward-for-bank-fintech-partnerships

Banking News – Mulvaney to launch hedge fund; how will banks make money?
&nbspThe hedge fund being started by the former acting head of the CFBP aims to bet on fiscal air force stocks; large and small institutions are getting hit from all sides by the endemic.
Union Banking – https://www.americanbanker.com/morning-scan/mulvaney-to-launch-hedge-fund-how-will-banks-make-money

Banking News – Chase launches its first Mastercard-branded consumer credit card in 5 years
&nbspVisa and JPMorgan Chase & Co. are in the middle of a 10-year commercial air force contract that gives Chase merchants certain compensation with the probable goal of favoring Visa card volume. But it’s not an special agreement.
Union Banking – https://www.americanbanker.com/news/chase-launches-its-first-mastercard-branded-consumer-credit-card-in-5-years

Banking News – Health concerns swirl around Europe’s obese and addicted banks
&nbspInterventions have hurt returns and left most lenders in effect uninvestable
FT.com – Banks – https://www.ft.com/content/266ee6ff-ade1-4934-b97e-c8e8c82b365d

Banking News – What I learnt about racism over two decades in banking
&nbspMy own tale, and those of others, taught me that lofty proclamations about ‘doing better’ are often hollow
Fiscal Times – Fiscal Air force – https://www.ft.com/content/77201dbd-b6ab-45cf-ae38-7962a576d1ec

Banking News – Carbon accounting should be a basic condition for banks
&nbspFinancial institutions and asset managers are impeding movement on climate action for lack of a simple rule
FT.com – Banks – https://www.ft.com/content/fcaa31d2-84a2-4c9e-8532-cbd7e23d22d0

Banking News – Hedge funds chafe at additional room of South Korea’s small-selling ban
&nbspSeoul’s fiscal overseer says restrictions will remain until March 2021
Fiscal Times – Fiscal Air force – https://www.ft.com/content/68c0d013-3d6c-4dbf-83dc-6d911c701de7

Banking News – Steve Cohen in special talks to buy New York Mets
&nbspBillionaire hedge fund manager heads rivals, counting Jennifer Lopez, in race to take over baseball club
Fiscal Times – Fiscal Air force – https://www.ft.com/content/3f664641-7ed1-4eff-a7cc-2481f88563a7