Scotiabank’s former CEO thrived on crisis
Howard Green’s new book Gimme a Crisis offers a deep dive into the former Scotiabank CEO’s career, from bringing the NBA to Toronto to navigating 2008.
Square, Stripe take a fresh swing at crypto payments
Cryptocurrency has traditionally been an investment product more than a way to make purchases, but fintechs are betting there’s a future for digital assets at the point of sale.
A ‘K-shaped’ US economy augurs ill for the country’s banks
A significant majority of Americans are now living lives of permanent financial stress, and debt delinquency is on the rise. For bankers, that’s a recipe for problems with profitability, and perhaps with safety and soundness.
Ingenico bets on stablecoin payments
The payments firm is hoping that planting a flag in merchant stablecoin payments now will be accretive as stablecoins gain greater adoption.
MUSA designated primary dealer by New York Fed
MUFG Securities Americas is designated a primary dealer by the New York Fed; Founders Bank appoints Chris Lipscomb its senior vice president and chief lending officer; the Independent Community Bankers of America names Charles Yi senior executive vice president of government relations; and more in this week’s banking news roundup.
Gould floats bare-bones resolution planning revamp
Comptroller of the Currency Jonathan Gould said Friday afternoon that regulators should scale back what he characterized as costly and ineffective bank-prepared resolution plans and shifting resolution responsibility onto bank regulators.
Regions has what it needs to compete in the Southeast: CEO
The Huntsville, Alabama-based regional bank is well-positioned to defend its Southeast footprint, according to CEO John Turner. It’s hiring more bankers in growth markets, it has strong brand recognition and it has a long history in its core markets, he said.
Improved credit quality at M&T helps push earnings higher
During the fourth quarter, the Buffalo, New York-based bank reported its lowest ratio of nonperforming loans to total loans since 2007.
PNC’s Demchak vows to bring the fight from coast to coast
“We’re coming into your market,” PNC Chief Executive Bill Demchack said Friday. “If you’re not coming into our market to come fight us, we’re coming to your market to come fight you, and we’re going to get some percentage of your market.”
Voluntary ‘Trump card’ idea lowers risk of legislation
White House National Economic Council Director Kevin Hassett said Friday that the administration expects banks to voluntarily issue “Trump cards” with 10% rate caps, a move that could quell Congress’ moves to impose a cap through legislation — but that’s no guarantee.