2020-03-24
Citi is beefing up leadership in its consumer card lending operations by recruiting Chase exec Pam Habner — credited with engineering the success of Chase’s Sapphire Reserve card — and former Citi exec Chris Fred, who will return after several mon
Read More from: BankThink
2020-03-24
The coronavirus stimulus package has resurrected calls for the U.S. government to offer a central bank digital currency, public mobile wallets and postal banking—controversial ideas that are hard to pull off, but exist outside the U.S.
Read More from: BankThink
2020-03-24
Answer: No
(This post borrows heavily from the ideas of my co author, Ugo Panizza, of the international economics department of the Graduate Institute in Geneva).
Read More from: Credit Slips
2020-03-24
The bank has asked managers review job postings and pull listings for roles that don’t need to be filled immediately, according to people familiar with the matter.
Read More from: BankThink
2020-03-24
The COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only.
Read More from: BankThink
2020-03-24
Damon Silvers, the AFL-CIO's Policy Director and former Vice-Chair of the Congressional Oversight Panel, has a really important column about the oversight lessons from the 2008 bailout.
Read More from: Credit Slips
2020-03-24
A debt collection moratorium operates as float, which is needed to buy time until the relief checks start flowing. In other words, a debt collection moratorium is a form of stimulus.
Read More from: Credit Slips
2020-03-24
The legislation sponsored by Sen. Sherrod Brown, an Ohio Democrat, would require banks to offer the accounts so that consumers could easily access cornonavirus relief funds without turning to high-cost check cashers.
Read More from: BankThink
2020-03-24
With economists fearing high unemployment stemming from the pandemic, the housing finance system is grappling with how it will recoup lost revenue from delinquencies, forbearance plans and other tremors.
Read More from: BankThink
2020-03-24
Financial services personnel were among critical infrastructure groups that the Department of Homeland Security said were crucial for “public health and safety as well as community well-being” during the pandemic.
Read More from: BankThink
2020-03-24
The mobile-only bank offers many standard neobank features and some added payment options.
Read More from: BankThink
2020-03-24
If the new accounting standard poses too many risks during an economic crisis, then it's probably not a good idea at all.
Read More from: BankThink
2020-03-24
Anand Talwar, deposits and consumer strategy executive at Ally Bank, and Jody Bhagat, president of the Americas for Personetics, explain how their technology collaboration has evolved from a virtual assistant to customized, real-time "insights" fo
Read More from: BankThink