All items from BankThink

Receiving Wide Coverage ...

GAO No Help on TBTF: So are certain banks "too big to fail"? The release of the Government Accountability Office's report on Thursday did little to answer that question, with both sides claiming victory, as an American Banker article noted Thursday. The Financial Times quoted Paul Saltzman of the Clearing House (the group representing JPMorgan Chase, Citi and other big Wall Street firms) saying, too big to fail "perceptions have substantially diminished."...



From BankThink
Posted 16 hours 24 min ago

Banks can boost mortgage profits with the help of direct call centers and products like adjustable-rate mortgages and jumbo loans, writes Stratmor Group's Garth Graham.



From BankThink
Posted 1 day 13 hours ago

The mortgage interest tax deduction is supposed to encourage homeownership among low- and middle-income Americans. But it primarily benefits higher-income taxpayers, according to a new study from the Mercatus Center at George Mason University.



From BankThink
Posted 1 day 15 hours ago

Receiving Wide Coverage ...

B of A to Pay for 'Hustle': Federal Judge Jed Rakoff ordered Bank of America to pay $1.3 billion for selling toxic mortgages to Fannie Mae and Freddie Mac, as part of its so-called "Hustle" program. The $1.3 billion penalty was less than the $2.1 billion the government sought, but "greatly in excess of what the bank hoped to pay," the Financial Times reported. Rakoff, who called the scheme "brazen fraud," also...



From BankThink
Posted 1 day 16 hours ago

Bank owners can make more objective decisions about whether it's the right time to sell by comparing the value of holding onto the bank to its private market price and instating an external review process, writes consultant J.V. Rizzi.



From BankThink
Posted 2 days 13 hours ago

Community banks are disappearing and big banks' global power is on the wane. Regulators should take steps to reverse these trends so that all Americans have access to the financial services they need, according to the American Bankers Association's Wayne Abernathy.



From BankThink
Posted 2 days 15 hours ago

Receiving Wide Coverage ...

Forex Probe Update: U.S. prosecutors have stepped up their probe into Barclays' alleged foreign exchange manipulation, the Wall Street Journal, New York Times and Financial Times all report. The London bank said the U.S. extended a pact known as a "nonprosecution agreement" in the investigation. The new pact gives the Justice Department more time to decide if Barclays breached the 2012 nonprosecution agreement it had previously signed not to commit crimes in...



From BankThink
Posted 2 days 16 hours ago

Payments startups may be fast and smart, but banks have compliance know-how, an established customer base and physical branches that will help them hook customers on new products.



From BankThink
Posted 3 days 13 hours ago

Like the Internet of the 1980s, today's payment systems are a mishmash of disparate, closed networks that cannot communicate with one another effectively. Distributed ledger technologies can solve this problem.



From BankThink
Posted 3 days 15 hours ago

Receiving Wide Coverage ...

UBS Dark Pool Probed: Swiss bank UBS disclosed on Monday the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the New York attorney general are investigating its dark pool operation, the Wall Street Journal reported. Meanwhile, Deutsche Bank got an inquiry about high-speed trading, the Financial Times said. Barclays is already the focus of an Eric Schneiderman probe into whether it has deceived electronic trading investors. Dark pool trades are...



From BankThink
Posted 3 days 16 hours ago