Quantcast
Sen. Sherrod Brown (Bloomberg News)
Sen. Sherrod Brown, D-Ohio, is expected to hold a subcommittee hearing July 31 on the GAO report looking at the funding advantages of big banks.
A highly anticipated government report due to be released July 31 is expected to say big banks received less of a subsidy from the perception that they are "too big to fail." But it remains uncertain whether that would continue to be true in a future crisis or if market conditions change.

Top Stories

Independent mortgage lenders are concerned that regulators will use the report as an excuse to raise minimum net worth requirements for smaller lenders.  more »
John Thain had a clear answer for every question analysts posed about CIT's deal for OneWest. His takes on SIFI regulations, the mortgage business and retail banking challenge the conventional wisdom of many bankers.  more »
In another reshuffling of its mortgage ranks, Bank of America has promoted D. Steve Boland, who joined the company through the 2008 acquisition of Countrywide Financial, to head residential lending.  read more »
Disruptors
Amazon Releases a Digital Wallet for Android and Fire Phones
Amazon has released a beta version of an Amazon Wallet App that is currently focused on shopping and discounts, though it could serve as a launch pad for mobile payments.  read more »
Partner Insights
Recent calls in Congress to take a closer look at the quasi-governmental Farm Credit System and its regulator have pleased bankers, who want to bring attention to their complaints of unfair competition.  read more »
A community group opposes Banc of California's plans to buy 20 branches, saying management isn't being open about plans to serve low-income and minority customers. The bank says it’s all a misunderstanding. Still, the issue shows why banks must foster good relations with powerful advocacy groups.  read more »
Video
Player Template for http://www.americanbanker.com
Marketplace
Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry.
Learn More
Informa Research Services is the premier provider of competitive intelligence, mystery shopping, and compliance testing services to the financial industry.
Learn More
CSC is a leader in private-label, third-party loan servicing with 30+ years of proven experience in delivering effective, cost-effective solutions.
Learn More
Already a subscriber? Log in here
Please note you must now log in with your email address and password.