Slideshow JPM leadership change, Trump's Wells tweet and more: Top stories of the week

Published
  • December 15 2017, 4:44pm EST
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JPMorgan Chase get a new branch banking leader; Trump's anti-Wells tweet stokes concerns; blockchain, GSE survival, and more in this week's top stories.

JPMorgan Chase card executive takes reins of branch banking

Pamela Codispoti, credited with launching the popular Chase Sapphire Reserve credit card, has been put in charge of the company's network of more than 5,200 branches.

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Trump's Wells tweet fuels regulatory independence concerns

The president's vow to come down hard on the San Francisco bank fans a debate about the independence of regulatory agencies such as the CFPB.

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Why JPM, Amex, HSBC backing 'isolation' web browsing

In a rare show of public support for a security technology, the banks are leading a $40 million funding round for Menlo Security, provider of browser technology that keeps malware at bay — and they're using it, too.

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Vanguard mutual fund giant plans blockchain network

Rather than forming a consortium of peers to investigate blockchain technology, as many banks have done, one of the world's largest asset managers is acting on its own.

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Fannie and Freddie: Should they stay or should they go?

Until recently, there was a consensus among policymakers that Fannie Mae and Freddie Mac needed to be eliminated. That just changed. Here's why.

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Community bankers' grim reality: This is the new normal

Executives at small banks are wary about 2018 as concerns about lackluster loan demand, low yields and rising deposit prices abound.

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Can a BBVA spinoff crack the digital ID code?

Covault has begun offering a digital identification and virtual safe deposit box service to banks and others. Similar efforts have failed before, but its backers say mobile apps and the cloud have made the service more practical.

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For midsize banks, what's the point of a holding company?

The holding company structure makes sense for large banks with complex business models and small banks looking to bulk up through acquisitions. But for a large swath of banks in the middle, the benefits are harder to spot.

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Mulvaney unfit to lead CFPB: Schneiderman, 16 state AGs

Past statements by Office of Management and Budget Director Mick Mulvaney about the Consumer Financial Protection Bureau should disqualify him from leading the agency, according to New York Attorney General Eric T. Schneiderman and 16 other state AGs.

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JPMorgan Chase, Barclays join IBM quantum computing network

Banks are looking at using the powerful number-crunching technology to make risk calculations, analyze portfolios and protect their systems against sophisticated cyberattacks.

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