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Frank Sanchez
Why startup Finxact just got $30M from the ABA, SunTrust, others
The core-banking vendor won the investment and ringing endorsements from the trade group and several banks because its open system and cloud delivery could eventually challenge entrenched tech players.

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Banks spend heavily on marketing to win deposits, push digital

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At banks of all sizes — from the $7.2 billion-asset WSFS Financial to the $373 billion-asset Capital One — marketing budgets ballooned in the fourth quarter.

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Wells Fargo bends to critics in its latest response to scandals

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In a lengthy report released Wednesday, the bank pledged to protect whistleblowers, handle customer complaints better and re-examine its lending practices.

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FDIC review of brokered deposits has big implications for branches

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Banks that gather deposits through branches generally pay lower deposit premiums than those that solicit deposits online. So what happens if long-standing restrictions on brokered deposits are relaxed?

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CECL talks could get heated as detractors weigh in

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At a FASB meeting Monday on proposed changes to the accounting standard, its critics will be given a platform.

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Chemical-TCF: Why this deal, and why now?

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Both banks' need for scale started the conversation and the lifting of the SIFI threshold helped seal the deal. Here are five takeaways from one of the industry's biggest recent mergers.

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Chemical, TCF to merge, creating $45 billion-asset bank

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Chemical is paying roughly $3.6 billion for the $23.5 billion-asset TCF. The combined company will be headquartered in Detroit, Chemical's hometown, and operate under the TCF brand.

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The bank that became too good at commercial lending

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Woodforest National Bank made so many C&I loans that it cut into capital and required more liquidity. It has shifted gears, selling two business lines as it refocuses on deposit gathering.

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Regionals' proposed CECL fix gets thumbs-down

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Bigger banks complained that a two-tier system would force them to rethink their models, while smaller banks raised concerns about adding more complexity to an already burdensome process.

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Is the OCC's fintech charter really 'perfect' for mortgage lenders?

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Joseph Otting, Comptroller of the Currency nominee for U.S. President Donald Trump, speaks during a Senate Banking Committee nomination hearing in Washington, D.C., U.S., on Thursday, July 27, 2017. Otting, who has served as OneWest Banks chief executive officer, would bring a lengthy resume working for banks that are overseen by the agency he's been tapped to run. Photographer: Andrew Harrer/Bloomberg
As suspense builds over which firm will be the first to seek the special-purpose charter, a side discussion has emerged over which financial services sector has the most to gain — or lose — from the new option.

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Fintech Marketing Deposits CECL M&A Commercial lending Fintech regulations Wells Fargo FDIC
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