Slideshow Flagstar snags Regions exec, Manafort mortgage, fintech regs: Top stories of the week

Published
  • July 13 2018, 4:18pm EDT

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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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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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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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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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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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 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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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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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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