Is there a way to prevent regulators from derailing a bank’s fintech initiatives? Jill Castilla, president and CEO of Citizens Bank of Edmond, located in Edmond, Okla., says there is. In fact, the influential community banker has devised a distinct strategy for limiting the bank’s regulatory risk from fintech projects,Read More
Post Tagged with: "regulators"
The tumult surrounding the $28,500 loan through Prosper to Syed Rizwan Farook, one of the shooters that killed 14 people, can only be called misguided. There’s also a streak of disingenuousness coming out of bank regulators that deserves to be called out. What is clear is that Farook, the husband inRead More
The ABA’s Frank Keating argues that banks deserve “balanced, nuanced” regulatory compliance that does not upend their economic prospects, particularly for smaller community banks. But that argument rings hollow.
HSBC deserves to have its banking charter revoked, plain and simple. While America was in a turkey stuffing-induced slumber, HSBC proved through its treatment of Brett King, arguably one of the world’s most forceful proponents for banking innovation, that it does not understand what it means to behave in aRead More