Investments

A “neat” or “cool” idea may have garnered attention at the end of 2016, but the market has advanced to the point where a solid business idea that either addresses an unmet need and/or creates a significant cost savings is required to stand out from the crowd, writes Mariam Nishanian, a representative of Dentacoin.

The bank is looking to raise $72 million, which it could use for organic growth and acquisitions.

Banks are swapping out long-term holdings for short-term securities to manage interest rate risk. But in the process, they are sacrificing yield — and ammo they might need to pay more for deposits to retain customers.

Bank fires four forex traders, while the OCC slams its auto lending practices; United wants to renegotiate its co-branded credit card agreement with JPM.

Recent regulatory reform activity is a step in the right direction, but the changes envisioned in both a Treasury Department report and a suite of House bills are a mixed bag.

Bank of America set aside $100 million in its reserves for representation and warranty claims ahead of a pending settlement to resolve legacy mortgage issues.

Metropolitan in N.Y. plans to use its IPO proceeds to fuel CRE and commercial loan growth

On Jun. 30, 2017. Dollars in thousands.

While some aspects of the plan would hurt, lower corporate tax rate would increase bank earnings; Wall Street firm thinks the majority of its clients prefer human advisers.

House Democrats are lobbying for a bill to reform the way banks charge overdraft fees, but recognizing that Republicans are unlikely to take up the legislation, they are hoping the CFPB can act on its own.