americanbanker

PODCAST: How Can Banks Stay Relevant in a Digital World?

In this podcast, Michael Hanley, who acted as head of digital for the World Economic Forum the last eight years, and Anthony Thomson, the creator of Atom Bank who is building a new challenger bank, 86400, in Australia, share their thoughts on how banks can shape an agenda for the future.

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How Waters Will Keep Pressure on CFPB

There is already intense focus on how the Democratic-run House Financial Services Committee may shine a spotlight on Trump administration-appointed regulators. But that light might shine brightest on one agency in particular: the Consumer Financial Protection Bureau. Rep. Maxine Waters, D-Calif.

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Mulvaney’s Misfire: CFPB Name Change Could Cost Industry Millions of Dollars

From the beginning, acting Consumer Financial Protection Bureau Director Mick Mulvaney’s desire to change the name of the agency he runs was a strange one.

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Postal Service Should Stay Out of Banking: Treasury

A new Trump administration report on how to reform the U.S. Postal Service throws cold water on the idea of a foray into the banking business. The report, released Tuesday, echoes arguments that bankers frequently make in opposition to postal banking, namely that the USPS is ill-equipped to manage the risks involved.

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Financial Firms to Further Increase Cybersecurity Spending

U.S. banks and other financial firms are projecting higher spending on cybersecurity as they face bigger threats and more attacks.

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The One Banking Bill Congress Might Actually Pass Next Term

Conventional wisdom says that it’s going to be a tall order to pass banking legislation next term, but there just might be a key exception. One measure to watch will be a legislative fix for banks with customers in the legal marijuana business.

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PODCAST: Which Tech Companies Pose the Biggest Threat to Banks?

Warren Kornfeld, senior vice president at Moody’s Investors Service, explains why banks’ fear of Amazon, Apple, Facebook and other tech giants is legitimate.

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The Right Approach to Digital-only Banks

As banks work to compete in an increasingly digital world, many are exploring new launching digital-only brands. Banks of all sizes, including industry heavyweights Chase, Citi and Wells Fargo, are in various stages of developing such parallel banks.

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Regional Banks Are Spending Heavily on Tech. Is It Enough?

You can hear the sense of urgency in the name of BBT’s digital strategy: Disrupt or die. During its investor day last week, technology investments took center stage, as the Winston-Salem, N.C., company discussed overarching plans to cut costs in areas such as branching and reinvest that money into digital platforms.

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PODCAST: Is Blockchain the Most Overhyped Technology in History?

Ron Quaranta and Steve Ehrlich with the Wall Street Blockchain Alliance give their take on NYU professor Nouriel Roubini’s declaration that blockchain is the most overhyped – and least useful – technology in human history and discuss what’s working and what’s not with financial services blockchain projects.

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Tax Cuts, De Novos and Gridlock: What Bankers Can Be Thankful for This Year

There is a surprising amount of pessimism in the air among bankers, including fears of another recession and resurgent House Democratic activism against the industry. But there are also lots of reasons financial institutions should be feeling grateful. Following is a detailed look at a few: The blue wave didn’t swamp the Senate Adobe Stock […]

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Big Bank Breakups, Postal Lending and More: 2020 Dem Hopefuls’ Financial Agendas

Votes are still being counted in last week’s midterm elections and already much of the political discussion has shifted to the 2020 presidential contest. From progressives on the left, to those popular in states seen as pivotal in the next election, a potential Democratic field is already building at a fever pace.

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