Consumer banking
William Harrison, Jr., the former Chairman and CEO of JPMorgan Chase and an outspoken defender of large banks, says forced breakups are not in the cards.
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William Harrison, former chairman and CEO of JPMorgan Chase, is "very happy" with the bank's current position and confident the fallout from its London Whale trading losses will blow over.
March 27 -
Bankers these days face the prospect of getting penalized for everything from "disparate impact" to the actions of auto dealers and other third-party partners. That raises the question of whether such regulation is effective, enforceable or fair.
March 26
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Tim Pawlenty, the CEO of the Financial Services Roundtable, says that complying with new regulations is the foremost concern for retail bankers. He spoke with American Banker at the Best Practices in Retail Financial Services Symposium.
March 25 -
Making bank buyouts work has long been a risky business. As the sudden ouster of First Niagara (FNFG) CEO John Koelmel shows, it may have gotten riskier still. Behind the perils are the complications of conducting due diligence, evaluating troubled assets, navigating regulations and pleasing dilution-averse shareholders.
March 21 -
The Consumer Financial Protection Bureau is planning a crackdown on the interest rate markups that auto dealers add onto the cost of car loans. Although it's dealers who originate the loans, the CFPB lacks the authority to regulate them directly. Bankers fear that as a result the agency will turn its focus to holding them accountable for monitoring loans made by the dealers with whom they work.
March 21 -
Lending to small and mid-sized enterprises and fee businesses like wealth management are the key to Zions Bancorp.'s growth plans, says its CEO Harris Simmons.
March 20 -
The biggest challenge facing bankers these days is not regulation or economic sluggishness. It's figuring out how to charge for products and services that bank customers have grown to expect for free, says PNC's CEO-in-waiting William Demchak.
March 18 -
Top bankers went out of their way to praise the Consumer Financial Protection Bureau and its Director, Richard Cordray, at American Banker's Retail Financial Services Conference. Despite the happy talk, they stopped short of calling for the GOP to end its opposition to the bureau or for Cordray's directorship to be made permanent.
March 15 -
Over 40 million Americans are under- or un-banked. Operation HOPE Chief Executive John Hope Bryant discusses how banks can make customers out of this under-served market and do well by doing good in the process.
March 13
