Flagstar Bank raids Regions for its director of retail banking; prosecutors allege bank CEO got access to Trump in exchange for approving Paul Manafort mortgage; a potential turning point in fintech regulation; and more from this week's most-read stories.
Flagstar snags Regions exec to oversee growing branch network
Flagstar Bank, which is in the process of buying more than 50 branches from Wells Fargo, has hired Ryan Goldberg as a director of retail banking.

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Carl Chaney (second photo)
Recapitalized Florida bank brings in new leadership
Beach Community Bank, which recently added $100 million in capital, hired veteran banker Carl Chaney as its executive chairman.

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Steve Calk
Manafort mortgage bought bank CEO spot as Trump adviser: Prosecutors
A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort.

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Treasury Secretary Steven Mnuchin
This month could be a turning point in fintech regulation
Online lenders and other firms await news from OCC and Treasury on the future of their supervision, even as they absorb the news that Square had to temporarily pull its industry loan company application.

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Occupancy and equipment costs have climbed 7% since 2013. It is estimated that banks could save $800 million a year by shifting back-office functions to operations centers in lower-cost markets
Back-office innovations help banks dump costly real estate
Banks could shed as much as 20 million square feet of office space over the next five years as they shift many functions to high-tech operations centers in markets with cheaper rents.

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Big shift in store for Walmart's largest banking partner
Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change.

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Aite survey on small business tech needs in banking
Banks play catch-up in fintech for small-business clients
A cash management offering by Mastercard and Strands is the latest example of new answers to commercial clients' demands for better digital services.

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Supreme Court
Supreme Court shuffle: 5 possible reverberations for banks
A more conservative court will be likelier to rule favorably on issues ranging from the deference for regulatory agencies to what constitutes a fair-lending violation.

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Andrew Brzezinski, vice president of Fidelity Institutional (second from right) and Massimo Young, head of data solutions at Bank of New York Mellon (third from left).
Why BNY Mellon, Fidelity use AI sparingly
Artificial intelligence is not always the right answer to data problems, executives of the two firms said at the In|Vest conference.

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Shawn Ahmed, CEO of Pivotus Ventures
Umpqua names CEO, CTO for innovation unit Pivotus Ventures
It will be the third collaboration together for the new CEO and CTO at Pivotus Ventures.

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