Big, small banks have different ideas on how to fix pot banking

They all agree that legislation is needed, but the two approaches being offered are exposing tensions.
Source: American Banker

Goldman CEO’s political concerns; Wall Street eyes corporate HR

Solomon says he expects 2020 presidential aspirants to target banks; corporate human resources’ predictable revenue attracting investment banks’ attention.
Source: American Banker

Fed, not FDIC, should regulate a merged BB&T-SunTrust

The Federal Deposit Insurance Corp., BB&T’s primary regulator, has a history of going easy on the bank. The combined entity would be better supervised by the central bank, which already oversees SunTrust.
Source: American Banker

Valley National to cut 60 corporate jobs

The New Jersey bank said it will save millions of dollars by eliminating the jobs as well as selling and leasing back some of its real estate.
Source: American Banker

U.S. scolds Europe for targeting territories on dirty-money list

The European Union drew a rebuke from the U.S. for including Puerto Rico, the U.S. Virgin Islands and other overseas territories on a blacklist of 23 jurisdictions posing higher risks of money laundering and terrorist financing.
Source: American Banker

5 things to watch at FHFA nominee's Senate hearing

Industry observers will be closely monitoring Mark Calabria’s testimony before the Senate Banking Committee on Thursday for hints about how the Trump administration plans to proceed on mortgage finance reform.
Source: American Banker

Banks fleeing post-Brexit U.K. face fresh regulatory scrutiny

Global banks moving operations from the U.K. to the European Union because of Brexit are poised to face fresh regulatory scrutiny on the value of their assets and capital as the bloc’s top watchdog seeks to curtail risks.
Source: American Banker

When your vendor's vendor has sloppy security

A security breach that left 24 million mortgage documents unprotected on a server is rekindling concerns about the risks posed by fourth parties.
Source: American Banker

Top senators seek input on how to strengthen data privacy

The top Republican and Democrat on the Senate Banking Committee are asking for stakeholders to weigh in on data collection issues as lawmakers consider legislative responses to recent breaches.
Source: American Banker

Return of the barbell? How BB&T-SunTrust threatens banking's middle tier

The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between.
Source: American Banker