BankThink

Mobile wallets are poised to dramatically change the payments landscape, but what is holding them back from seeing more rapid adoption?

The rankings of the Most Powerful Women in Banking and Finance include some familiar faces but also plenty of newcomers. We also look at the courage women demonstrate balancing work with their personal lives and a call to action from SEC chair Mary Jo White.

The Consumer Financial Protection Bureau's proposal not only requires lenders to determine a borrower's ability to repay, but also forces creditors to follow the bureau's approach to making that determination.

As the Wells Fargo story has played out, pundits have been quick to blame "sales culture" for improper behavior, but that's like blaming automobiles for reckless drivers.

It's time that financial institutions in America recognize the value that women can bring to the executive suite and boardroom.

Receiving Wide Coverage ...Call in the SEC: Three Democratic senators, led by Sen. Elizabeth Warren, D-Mass., asked the Securities and Exchange Commission to investigate whether Wells Fargo "violated laws by misleading investors and firing whistleblowers while the bank oversaw the creation of millions of unauthorized, fraudulent accounts," according to the Wall Street Journal. The situation at Wells does "justify an investigation into at least three types of securities law violations," according to the letter the senators sent to the SEC, including signing off on inaccurate financial reports, failing to disclose the fake accounts scandal, and firing employees who tried to report wrongdoing.

Generation Z, the generation following what is commonly referred to as the Millennials, has only just formed its identity, yet its older members are already preparing to enter the workforce and take part in modern commerce.

If stories like the Wells Fargo scandal are repeated at other institutions, U.S. banks could soon experience the same reputational and regulatory fate of their cousins in the United Kingdom.

A new wave of exciting innovation is presenting businesses with opportunities to improve processes and the consumer experience.

Breaking News This Morning ...Deutsche sells insurer: Deutsche Bank, which is under heavy pressure to raise capital, said Wednesday it sold its Abbey Life insurance unit to Phoenix Group Holdings for $1.22 billion. The bank's stock, which hit a 33-year low earlier this week, as it faces a potential $14 billion penalty in the U.S. for allegedly selling toxic mortgage-backed securities, in addition to other problems, including a failed stress test and weak quarterly earnings. The sale, however, will result in a nearly $900 million loss for the German bank. The BBC reported Wednesday morning that Germany is devising a bailout plan, should one be needed, although the bank denied the report. Wall Street Journal, Financial Times, New York Times