= Subscriber content; or subscribe now to access all American Banker content.

Chris Cumming

Recent Stories from This Author

Learn to Love Consumer Lending
January 5, 2016 Consumer credit is better than ever before, even as Americans households have started levering up. But the big question for...

PFM Sites Seek Thaw in Frosty Relationship with Banks
December 31, 2015 Relations between banks and providers of personal financial management tools have soured of late amid reports that some banks...

What Money-Market Reform Means for Banks
December 30, 2015 An overhaul of money-market funds, years in the making and fiercely opposed by the financial sector, will take effect in 2016....

Don't Bet on a Pot-Banking Fix Next Year
December 17, 2015 The legal status of marijuana is likely to shift dramatically next year, with around ten states considering some form of...

Banks Chiefs Dour About 2016, Rate-Hike Hopes Aside
December 8, 2015 Bankers appear set to get their long-awaited rate rise, but the top executives of the biggest banks still have lukewarm...

Target, Banks Reach $39M Settlement on 2013 Breach
December 2, 2015 Target has agreed to pay $39 million to settle loss claims from a two-year-old data breach that were brought by a group of...

Captive Lenders Winning the Fight for New Auto Loans
December 2, 2015 Banks are losing auto finance market share to captive lenders and finance companies, according to a new report from the credit...

Wells Fargo Customers Join Cross-Selling Backlash
December 1, 2015 Add retail customers to the list of groups raising concerns about possible high-pressure product-sales tactics at Wells Fargo;...

B of A, PNC Chiefs Fire Back at Data Aggregators
November 17, 2015 Brian Moynihan and Bill Demchak raised concerns Tuesday about the conduct of data aggregators, and particularly how well they...

Controversial New Loan-Loss Rule Delayed
November 12, 2015 The Financial Accounting Standards Board has postponed the release of a rule to overhaul how banks calculate loan losses.

N.Y. Fed to Unveil New Gauge of Banks' Funding Costs in 2016
November 12, 2015 The forthcoming "overnight bank funding rate" should give banks and researchers a more accurate picture of funding costs, but...

First Amendment Helps Topple Florida Card-Surcharge Ban
November 5, 2015 Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt...

Auto Loans Hit Highest Level Ever
November 4, 2015 Automobile lending reached its highest level ever at the end of the third quarter while showing few signs of credit weakness,...

Investors Sue Leaders of Defunct CertusBank
November 4, 2015 Hedge funds that invested in CertusBank have sued its former management team, claiming they misappropriated millions and...

Legal Clash Exposes Contradictions in Fed's Pot-Banking Rules
November 3, 2015 Banking regulators have been coy about whether they approve serving marijuana businesses, but lately one regional Fed bank has...

HSBC's Slimmed-Down U.S Business Reports Higher 3Q Profit
November 2, 2015 HSBC Holdings' plan to trim and sharpen the focus of its North American business unit in an effort to boost its profit appears...

Why Fears of a Commercial Real Estate Bubble Are Overblown
November 1, 2015 Banks have added so much capital in the past several years that they're better protected from declines in real estate values...

KeyCorp-First Niagara: Neat Fit, But a Regulatory Challenge
October 29, 2015 KeyCorp's deal to buy First Niagara is a return to significant M&A for a company that has long been content to stay on the...

Ally Hits Earnings Mark as Cost of Funding Improves
October 29, 2015 Ally Financial in Detroit drew more deposits into its online bank last quarter, which helped improve its lending margin even...

The Incredible Shrinking Fee Income at Banks
October 28, 2015 Nobody thought it would be pretty, but last quarter's results were even worse than expected, and low fee revenue is largely to...

'Capital Doesn't Matter. Confidence Is What Matters'
Christopher Whalen, senior managing director and head of research at Kroll Bond Rating Agency, discusses the sorry state of European banks, the missteps by European Union regulators and the potential ramifications for financial institutions in the U.S.
ALL PODCASTS