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The fireworks over a Pew Charitable Trusts report on lump-sum payday loans continued Friday as Pew challenged criticisms of its survey methodology.
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Half of banking and other business leaders expect a stronger economy, and 44% expect a stronger M&A market, in the next 12 months, according to a new survey. Regulation remains a concern, but dealmakers are largely ignoring the lingering problems in Washington, observers say.
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Stopping a proposed requirement that banks offer "plain-vanilla" credit products was an industry victory in the run-up to Dodd-Frank, but many believe it still survived.
November 1 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
November 1
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A group of National Football League players has sued BB&T (BBT) for nearly $60 million over alleged negligence by BankAtlantic, which BB&T acquired last year.
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The head of the state bank supervisors' group said he sees a quiet push to "reform our regulatory structure to better reflect the business models of our largest banks."
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We should think twice before cutting off access to alternative lenders that serve as a last resort for millions of low-income Americans. We should also encourage banks to remove the barriers for these customers when they want to open a savings account.
November 1
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Royal Bank of Scotland has accelerated its plans to sell its U.S. subsidiary. The company will conduct a partial initial public offering of its Citizens Financial Group unit in the second half of 2014, and plans to fully divest itself through offerings in 2015 and 2016.
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HomeStreet (HMST) in Seattle is expanding its mortgage business in California.
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