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The editors of American Banker's BankThink blog discuss an ongoing series, "The Future Model of Banking," in which contributors envision products and services tomorrow's banks can offer that add value and that customers will happily pay for.
July 19
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The Senate's proposal to reinstate Glass-Steagall is giving new fuel to the debate over breaking up big banks, and illuminating how much companies like JPMorgan Chase and Citigroup have to lose from the mounting pressure to become smaller and to separate their commercial and investment banking activities.
July 18
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The Senate's confirmation of Richard Cordray as head of the Consumer Financial Protection Bureau ends a long period of uncertainty for the new agency and for the banks that it regulates. It also effectively ends efforts by Republicans and the industry to change the structure of the CFPB.
July 17
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Barclays is in an awkward situation that will ring familiar to bankers in the U.S. The U.K. bank has been terminating relationships with money transmitters, including several that wire funds to Somalia, a ravaged country that relies heavily on remittances from immigrants in the West. The bank says it's uncomfortable with the risk and expense of serving these businesses in light of recent fines levied against big financial institutions for anti-money laundering lapses. But now it's being accused of starting a humanitarian crisis.
July 15
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Google requires the early adopters who buy its Google Glass headset to purchase it using Google Wallet. What are the implications for Google's payments strategy?
July 12
