BankThink

B of A Unit Probed for Tax Trades; Morgan Stanley Succession Plan

It is rumored that the word ‘fintech’ was first used by the Sunday Times in 1985. That case is almost certainly an outlier but since 2013, ‘fintech’ has been hard to escape.

After enduring a slew of post-crisis scandals, bankers are beginning to see the light on becoming stewards of their organizations.

Subpar mentoring programs for recruits new to the banking industry could be the reason institutions are finding it hard to keep new talent.

Clinton Responds to Sanders; 'Good Riddance' to Accounting Rule

Walmart has entered the mobile payments industry, announcing in December that it was introducing Walmart Pay, an upgrade to Walmart’s existing app that will allow in-store shoppers to pay with their smartphones at checkout.

At the start of 2015, there was a sense that Silicon Valley would soon rule the world of finance and that banks risked irrelevance. A year later, a more balanced picture has emerged.

If impending rules on overdraft protection go too far, banks could intentionally pull back on providing the service to illustrate just how useful it is.

Lenders' Private Equity Counsel Conflict; Sanders' TBTF Plan

Thanks to Editor in Chief Lisa Freeman for her story, "House Panel Approves Data Security, NCUA Budget Bills," (Credit Union Journal, Dec. 9).