What We're Reading: Page 72
Industry reads hand-picked by our editors
Oct 25, 2023
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Bloomberg
BMO Is Exploring Sale of RV Loan Portfolio
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Reuters
Barclays to lay off dozens of US consumer bank employees - source
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The Wall Street Journal
One Year On, Twitter Continues to Burn a Hole Through Bank Balance Sheets
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American Banker
For broader adoption of FedNow, experts say it’s all about use cases
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Financial Times
Boris Collardi: ‘I don’t personify the problems in Swiss banking!’
Oct 24, 2023
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The Wall Street Journal
Is It Time To Worry About Banks’ Business Lending?
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American Banker
How data sharing could change under CFPB’s proposed new rules
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Bloomberg Law
Small Banks, Credit Unions Oppose CFPB Ban on Customer Data Fees
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Reuters
Barclays hints at big cost cuts as margin pressure intensifies
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Financial Times
Former Credit Suisse executive Francesca McDonagh to join fund group
Oct 23, 2023
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The Wall Street Journal
Smaller Banks Look to Shrink Their Way Back to Health
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American Banker
OCC’s Hsu: ‘Lending has to go up’ under new CRA rule
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deBanked
Whoa, That’s a Lot of Bad EIDL Loans
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Financial Times
Opinion: Why wealth managers are targeting a shrinking market
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Bloomberg
DOJ Spoofing Cop Who Led JPMorgan Case Exits for Private Firm
Oct 20, 2023
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Financial News
Credit Suisse prepares third wave of job cuts, targeting 10% of support roles
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American Banker
Estimated waits, virtual lobbies: Banks step up virtual assistants
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New York Post
Top Wall Street bankers’ vacation homes to be left in the cold this winter thanks to return to office mandates
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The Globe and Mail
Canadian Conservative leader urges Freeland to reject proposed RBC-HSBC deal
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Bloomberg
Tether’s Frontman Inherits Crypto’s $84 Billion Behemoth
Oct 19, 2023
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CNBC
Big banks are quietly cutting thousands of employees, and more layoffs are coming
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The Wall Street Journal
Wall Street’s Green Shoots Risk Wilting
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Bloomberg
UBS Looks Beyond Credit Suisse to Bank Even More Billionaires
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Coin Desk
Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks
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Reuters
Russian court rules that $20.9 mln in Credit Suisse assets may be seized
Oct 18, 2023
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The Globe and Mail
Scotiabank to cut 3% of global workforce
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American Banker
How one credit union aims to generate buzz for FedNow
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Law360
CFTC’s Top Enforcer Warns: ‘Be Prepared For Admissions’
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Bloomberg
UBS and Chinese Lenders Join Banks Ensnared in Singapore’s $2 Billion Scandal
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The Wall Street Journal
Wall Street’s Latest Obsession Is an Unknowable Number
Oct 17, 2023
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Financial Times
Goldman chief David Solomon calls time on high-profile DJ gigs
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Reuters
Bank of America’s unrealized losses on securities rose to $131.6 bln
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Bloomberg
Wells Fargo Cedes Bank Mortgage Crown to JPMorgan After Pullback
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American Banker
Can banks win at AI?
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Law360
Feds Letting JPMorgan Shield Evidence, Frank Execs Say
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