BankThink

While beneficial for businesses and consumers, Nacha's new rule for same day transactions will require banks and other financial institutions to review thousands of additional transactions per day, leading to a significant increase in costs, not to mention an increased potential for fraud due to volume and rapidness of review.

The idea of financial institutions resembling utilities has caught on with some industry observers for reasons other than reducing systemic risk.

All the noise over the impact of the Current Expected Loss Model is paralyzing bankers from taking reasonable and practical steps to prepare for the new accounting standard.

Morgan Stanley, Citigroup, Caixabank, Federal Reserve, living wills, soccer, FIFA, corruption, HSBC, Stuart Gulliver, Wells Fargo, parental leave, paid leave, Coachella, mobile wallets

Consumers are winning the battle with online publishers, thanks to easy ad-blocking software that lets them surf the sites they want free from annoying ads. While publishers are turning to micropayments to gain revenue, that strategy also has holes.

The $5 billion settlement between Goldman Sachs and the Department of Justice sounds significant, but here's why it's not real accountability.

As CUs have added more c-level positions, they may be too focused on hiring the right person for the right job today without thought for tomorrow.

Dems Debate Bank Breakups; Bonus Rules Expected

Congress should consider placing restrictions on the Financial Crimes Enforcement Network as the agency targets foreign banks it deems money laundering risks.

More than bitcoin, blockchain is interfering with the margins and business models of the finance world. The technology is also challenging our banking institutions’ longstanding platform as intermediaries.