Banking News

• Ocasio-Cortez to JPMorgan CEO Jamie Dimon: I'll remember that
  
  Banker's comments about the effects of socialism draws fire from democratic socialist lawmakers.
  CBS News.  Thursday, 23 Jan 2020.
• Cybercriminals were using a fake Citibank website to access your bank account
  
  Digital thieves created an authentic-looking website in order to access Citibank bank accounts. The site asked users to hand over banking and personal information., including security codes.
  Daily Mail.  Thursday, 23 Jan 2020.
• Former Wells Fargo CEO Hit With $17.5 Million Fine, Barred From Banking Industry
  
  Eight former executives were fined a total of $59 million.
  Forbes.  Thursday, 23 Jan 2020.
• Isabel dos Santos: Banker found dead in Lisbon
  
  He managed the account of Angola's state oil firm Sonangol, once chaired by Africa's richest woman.
  BBC News.  Thursday, 23 Jan 2020.
• Cullen/Frost Bankers (CFR) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
  
  Cullen/Frost (CFR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
  Zacks.  Thursday, 23 Jan 2020.
• Banking Earnings Mixed, ETFs Gain Moderately
  
  Inside the fourth-quarter bank earnings releases and its impact on the financial ETFs.
  Zacks.  Thursday, 23 Jan 2020.
• $100M Coldwell Banker agent leaves Compass after 3 weeks
  
  Steve Frankel, a 20-year veteran of Coldwell Banker, closed $98.5 million in sales volume in 2018, making him a top producer at the brokerage.
  Inman.  Wednesday, 22 Jan 2020.
• Weekly mortgage applications pull back slightly after strong start to 2020
  
  Mortgage application volume fell 1.2% last week from the previous week, according to the Mortgage Bankers Association.
  CNBC.  Wednesday, 22 Jan 2020.
• Tesco Bank to create 100 tech jobs at Edinburgh base
  
  The jobs boost is part of a wider investment in the company's online banking operation.
  BBC News.  Wednesday, 22 Jan 2020.
• Five Things To Watch in Cannabis In 2020
  
  Vaping crackdown, more states coming to market, and the SAFE Banking Act
  Entrepreneur.  Tuesday, 21 Jan 2020.
• How Fintech Innovations are Eroding Banking's Dominance
  
  Cryptocurrency and peer-to-peer lending are helping upend norms in consumer finance.
  Entrepreneur.  Tuesday, 21 Jan 2020.
• UBS misses targets, dials back ambitions
  
  Chief Executive Sergio Ermotti, who successfully pivoted UBS away from investment banking to wealth management nearly a decade ago, is under pressure to retain UBS's edge in the business of managing money for the rich.
  CNBC.  Tuesday, 21 Jan 2020.
• How Prince Andrew's tycoon friend hatched a plot to become Kim Jong Un's private banker
  
  EXCLUSIVE: Millionaire financier David Rowland held talks with North Korean leaders in the capital Pyongyang about managing the personal fortunes of the rogue state's ruling family.
  Daily Mail.  Saturday, 18 Jan 2020.
• Fed Plans Shift From Writing Rules to Watching How Banks Behave
  
  The Federal Reserve is shifting its focus from writing and revising rules aimed at limiting risk in the banking system to a concentration on how lenders interpret the restrictions, the agency's supervision chief said
  Newsmax.  Saturday, 18 Jan 2020.
• Dallas Mavericks Announce Multi-Year Partnership With Chime As The New Jersey Sponsor
  
  Chime is the leader in U. S. challenger banking.
  Forbes.  Friday, 17 Jan 2020.

Banks News Headlines and News Summaries