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Regulators and banks worldwide agree that universal implementation of Legal Entity Identifiers, or LEIs, is essential to prevent contagion during the next financial crisis. So why is it taking so long to roll it out?

Top Stories

Bankers give too much credence to futurists and financial gurus who warn that technology will render the in-branch experience obsolete.  more »
A chief financial officer's workday is booked solid dealing with regulatory issues, risk assessments and finding places to cut costs. If they could find an extra hour, bank CFOs say they would use that time to consider how to improve their banks' strategies, employees and communities.  more »
Banks want all loans held in portfolio to be classified as ultrasafe regardless of the underwriting characteristics or of a bank's asset size. But consumer activists and independent mortgage lenders are raising red flags ahead of possible Senate Banking action.  read more »
FinTech Forward
Starbucks' Mobile Pay Updates Win Over New Audiences
The ubiquitous coffee chain is making new inroads with its mobile payments app, and its success underscores how nonbanks can outdo banks at their own game and should be watched closely by banking industry participants.  read more »
As more community banks switch to a universal banker model, they are also finding that it can take a year — or more — to properly train those employees.  read more »
Banks' customer-satisfaction ratings are at a 10-year high, according to a new study by J.D. Power. The research firm identified the top-rated banks in each region, and found that the postmillennial generation has a thing for the megabanks.  read more »
The company could have taken large writedowns and burned through capital to erase millions of dollars in bad assets. But management decided to hold onto those assets as it slowly ran off loans in a pair of shuttered business lines.  read more »
Digital upstarts are out to steal traditional banks' customers by taking the hassle out of everything from account opening to borrowing. It's tough to compete with banks' resources and brand recognition, but these new mobile competitors are adamant that they can win on customer experience.  read more »
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