What We're Reading: Page 170
Industry reads hand-picked by our editors
Aug 05, 2020
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Financial Times
Wells Fargo to dramatically cut consultancy spend after internal backlash
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Barron's
Kabbage Considers a Sale. It’s Expected to Seek Up to $1 Billion.
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Charlotte Business Journal
Truist merges investment banking, capital markets operations
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PYMNTS.com
What Digital Banks Are Doing Right
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TechCrunch
Mobile bank Current launches a points rewards program for debit card users
Aug 04, 2020
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The Wall Street Journal
When Their PPP Loans Didn't Come Through, These Businesses Broke Up With Their Banks
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American Banker
Banks get creative in containing hotel credit risk
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Bloomberg
Rapper Killer Mike Wants to Save America's Disappearing Black Banks
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Reuters
U.S. banks tightened lending standards, loan demand dropped in Q2, Fed says
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Financial Times
China's new digital currency takes aim at Alibaba and Tencent
Aug 03, 2020
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The Wall Street Journal
Wells Fargo Sold Assets to Stay Under Fed Asset Cap as Markets Lurched
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Bloomberg Law
Santander Says It's Facing Potential CFPB Enforcement Action
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The Associated Press
HSBC says net profit plunged 96% in 2Q as pandemic took hold
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Financial Times
State Street lashes out at new US ESG rule
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Bloomberg
The Only One in the Room: What It's Like Being Black on Wall Street
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Business Insider
We mapped out Citi's 42 most powerful investment bankers. Here's our exclusive org chart.
Jul 31, 2020
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American Banker
De novo started by gamblers rolls dice on banking them
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Sifted
Monzo sees losses double despite revenue bump
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Reuters
Free lunch! Bosses lure bankers back where they can see them
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Bloomberg
People Fear They've Got Too Much Cash in Their Bank Accounts
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The Wall Street Journal
Coronavirus Is the Crisis Some Bank Investors Have Been Waiting For
Jul 30, 2020
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Reuters
Fintechs face pressure to grow up as coronavirus casts a chill
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The New York Times
Will the Penny Survive Coronavirus? Some Hope Not
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The Wall Street Journal
British Banks Have Worries Beyond Coronavirus
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Bloomberg
Standard Chartered Planning Several Hundred Job Cuts Worldwide
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Marijuana Moment
Marijuana Banking Protections Excluded From Senate Coronavirus Relief Legislation
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Financial Times
Credit Suisse launches restructuring after trading profit boost
Jul 29, 2020
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Miami Herald
First he got $4 million in COVID-19 relief loans. Then he bought a Lamborghini.
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Bloomberg
Ex-Fed Economist Says Her Profession Is Racist, Sexist, Elitist
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American Banker
How the pandemic redefined Truist's philanthropic priorities
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Financial Times
Joe Biden vows to push Fed on economic racial inequality
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The Hill
Trump administration blasts banks that refuse to fund arctic drilling
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The Wall Street Journal
Europe's Banks Reveal Fuller Picture of Coronavirus Impact
Jul 28, 2020
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American Banker
Can fintechs help plug banking gaps for struggling Black consumers?
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The Wall Street Journal
Visa, Mastercard Fined Wirecard for Dubious Transactions
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Financial Times
US banks' loan provisions could be double rate of European rivals
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Bloomberg
ECB Tells Banks to Hold Off on Dividends, Buybacks Until January
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The New York Times
Republican Stimulus Package May Come With a Benefit for Big Banks
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