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Banks clear CCAR stress test — though JPMorgan Chase, Capital One barely

Smaller version of CCAR 2019 results
In a year where most of the 18 institutions taking the second round of the Federal Reserve's stress tests showed improvements over last year, JPMorgan Chase and Capital One were both forced to adjust their capital plans in order to meet the central bank's minimum thresholds.

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Banks sail through year's first round of stress tests

DFAST 2019 Stress Test Results Card Version
A new set of tougher scenarios did little to keep large banks from passing the most recent stress tests mandated by the Dodd-Frank Act.

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BNY Mellon is all-in on digital

BNY Mellon
Signage is displayed on the exterior of a Bank of New York Mellon Corp. office building in New York, U.S., on Thursday, July 12, 2018. The Bank of New York Mellon Corp. is scheduled to release earnings figures on July 19. Photographer: Bess Adler/Bloomberg
Some banks are setting up their own parallel digital banks, while others form innovation labs. Roman Regelman says BNY Mellon is transforming the entire institution.

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2019 reputation survey: Can banks stop the slide?

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While other industries reversed their previous downward trend, perceptions of the banking industry continue to get worse. Here are some steps banks can take to try to burnish their reputations.

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Why Washington mobilized so quickly against Facebook's crypto plans

Sen. Mike Crapo, R-Idaho, and Sen. Sherrod Brown, D-Ohio
Senator Sherrod Brown, a Democrat from Ohio and ranking member of the Senate Banking Committee, right, makes an opening statement as chairman Senator Mike Crapo, a Republican from Idaho, listens during a hearing with Jerome Powell, chairman of the U.S. Federal Reserve, not pictured, in Washington, D.C., U.S., on Tuesday, July 17, 2018. Powell said the central bank will continue to gradually raise interest rates "for now" to keep inflation near target amid a strong U.S. labor market. Photographer: Andrew Harrer/Bloomberg
The speed and the bipartisan nature of the demand for an investigation into Facebook's Libra are telling, giving ammunition to those who warned the cryptocurrency space is underregulated and unsafe

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Image enhancement: How Citi is restoring its good name

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Once a poster child for corporate wrongdoing, Citi has bolstered its reputation by taking bold stands on polarizing social issues, such as climate change and gun control, and declaring its commitment to move more women and minorities into managerial roles. Here's how it aims to do even better.

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FASB to consider delaying CECL deadlines for smaller firms

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Accounting rules group is weighing whether to consolidate and push back deadlines for smaller firms to comply with credit-loss accounting change in light of concerns they will not be ready.

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Maxine Waters schedules Facebook, BB&T-SunTrust merger hearings for July

Rep. Maxine Waters, D-Calif.
Representative Maxine Waters, a Democrat from California and ranking member of the House Financial Services Committee, questions witnesses during a hearing in Washington, D.C., U.S., on Wednesday, Oct. 25, 2017. The hearing was titled Examining the Equifax Data Breach. Equifax Inc., already reeling from American probes into the loss of data on 145.5 million customers in a computer hack, will face an investigation in the U.K., where 694,000 consumers had information stolen. Photographer: Andrew Harrer/Bloomberg
House Financial Services Committee Chairwoman Maxine Waters wants to examine the merger of BB&T and SunTrust, as well as Facebook's cryptocurrency plans.

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A fintech innovation that may be hard for traditional banks to swallow

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Challenger banks promote the concept of empathy in banking, which sometimes means forgoing revenue to build up customer goodwill.

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Embattled Fla. banking commissioner claims he was blackmailed by state officials

Ronald Rubin, head of Florida banking department
Ron Rubin, on leave after a sexual harassment complaint, filed a lawsuit claiming that the state's chief financial officer, through an intermediary, sought a $1 million contribution as part of a quid pro quo to get the job.

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