Minneapolis Fed's TBTF plan has some GSE-sized holes

BankThink

GSEs GSE reform TBTF Federal Reserve Bank of Minneapolis Fannie Mae Freddie MacThe reserve bank's proposal to address banks and nonbanks that remain "too big to fail" does not include two of the largest such institutions: Fannie Mae and Freddie Mac.

Perficient Team Joins “Bike to Work Day” Third Year in a Row

Perficient Financial Servies

Our Perficient Minneapolis office celebrated its third annual Bike to Work Day in May. The ride was made possible by the growing network of Nice Ride bikes , Minneapolis’ public bike sharing system. Life at Perficient Bike to Work Day Minneapolis Perficient Minneapolis office

Old National making big leap in Minneapolis with KleinBank purchase

BankThink

Old National will have the fifth-biggest deposit market share in the city when it completes the $434 million acquisition. Community banking M&A Capital Growth strategies Indiana Minnesota

Ten Questions (and Then Some) for Minneapolis Fed's Neel Kashkari

American Banker

Minneapolis Fed President Neel Kashkari made waves when he said drastic measures — including potentially breaking up the megabanks — are needed to end "too big to fail."

Bank of Montreal to Buy Minneapolis Advisory Firm

American Banker

Bank of Montreal has agreed to buy Greene Holcomb Fisher, a boutique advisory firm in Minneapolis. national-regional dealmaking-strategy

Wings CU to Take Over U.S. Bank's Minneapolis Airport Branch

American Banker

Bank at Minneapolis-St. Wings Financial Credit Union has scored a deal to take over a branch from U.S. Paul International Airport. breaking_news community-banking national-regional credit-unions atm mn consumer-finance

Choice Financial in N.D. to enter Minneapolis with Venture Bank deal

BankThink

Choice, which has a history of acquisitions, is buying a financial institution that largely focuses on business banking. Community banking M&A Integrations North Dakota Minnesota

Fed's Kashkari playing long game in plan to end 'too big to fail'

BankThink

Minneapolis Fed President Neel Kashkari acknowledges that his plan to raise capital at the biggest banks and ease burden for smaller ones isn't likely to be enacted soon, but says its time will come. TBTF Capital requirements Community banking Dodd-Frank Neel Kashkari Federal Reserve Bank of Minneapolis Federal Reserve

Payment fraud on the rise at U.S. banks, credit unions: Fed survey

BankThink

Fraud losses Card fraud Payment fraud Fraud detection Community banks Credit unions Federal Reserve Bank of MinneapolisThe results suggest that even as financial institutions implement more sophisticated fraud-mitigation techniques, they have not been keeping pace with criminals.

Payment fraud on the rise at U.S. banks, credit unions: Fed survey

Payments Source

Fraud losses Card fraud Payment fraud Fraud detection Community banks Credit unions Federal Reserve Bank of MinneapolisThe results suggest that even as financial institutions implement more sophisticated fraud-mitigation techniques, they have not been keeping pace with criminals.

Morning Scan: Minneapolis Fed Picks Ex-TARP Head as Chief, JPM Hackers Charged

BankThink

Receiving Wide Coverage. Hackers Charged: Charges were announced against three hackers accused of stealing data from more than 100 million people in one of the biggest cybercrimes of all time. The three men reportedly were responsible for the big breach last year at J.P. Morgan Chase and other crimes involving computer networks in South Africa and Brazil, money laundering through Cyprus and illegal card payments processed in Azerbaijan, the Wall Street Journal reports. Two of. national-regional

Reg-lite for small banks, higher capital for big banks: Minn. Fed TBTF plan

BankThink

TBTF Dodd-Frank Living wills Community banking Risk-based capital rule Risk-based capital Neel Kashkari Jerome Powell Federal Reserve Bank of Minneapolis Federal ReserveThe final plan to end "too big to fail" suggests that banks with less than $10 billion be subject to a much less complicated risk-based capital regime, akin to what was required in Basel I.

2nd Annual Credit Union Big Data & Analytics Conference makes a splash in Minneapolis

CU Insight

Last week, the 2nd annual Credit Union Big Data Analytics Conference took place in Minneapolis. The post 2nd Annual Credit Union Big Data & Analytics Conference makes a splash in Minneapolis appeared first on CUInsight. Technology Uncategorized 2Nd Annual Credit Union Big Data & Analytics Conference Big Data disruptive threat Minneapolis Paul Ablack Peter Keers Software software solution

Associated in Wis. to buy risk management consultant

BankThink

Anderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services. Regional banks M&A Risk management Insurance Wisconsin Minnesota

U.S. Bank Announces Amazon Alexa Integration

Bank Innovation

The Minneapolis-based bank ran an employee pilot over the summer and initiated work on the Alexa skill earlier in 2017, said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. […]. EXCLUSIVE- U.S.

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U.S. Bank marketing robo adviser beyond the millennial set

BankThink

The Minneapolis bank is pitching the automated investment advice product, a joint venture with a BlackRock unit, to a wide range of age groups, not just younger consumers. Robo advisors Mobile banking Bank technology Wealth management Consumer banking U.S.

Bank Branches of the Future Are Already Here, Says BofA

Bank Innovation

The future of the bank branch has arrived, and it all starts in Minneapolis (and Denver).

Tepid fee, loan growth underlie U.S. Bank results

BankThink

Quarterly earnings at the Minneapolis company were boosted instead by a wider net interest margin and a lower tax rate. Earnings Commercial lending Fee income U.S.

U.S. Bancorp Names New Chief Marketing Officer

American Banker

Bancorp in Minneapolis has promoted Beth McDonnell to chief marketing officer. womenin-banking people mn breaking_news national-regional

60% of U.S. Bank Transactions Are Digital, COO Says

Bank Innovation

But that doesn’t mean the Minneapolis-based bank is giving up on branches. Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. Financial Services Conference this week.

U.S. Bancorp Cooperating with Probe of Client's Alleged Payday Lending Scam

American Banker

Bancorp in Minneapolis is cooperating with a federal investigation of a racecar driver accused of running a payday lending scam. breaking_news national-regional

U.S. Bancorp opens search for chief risk, human resources officers

BankThink

Longtime executives Bill Parker and Jennie Carlson plan to retire from the Minneapolis company, giving CEO Andy Cecere an opportunity to reshape his executive team. Succession planning Risk Compliance Andy Cecere U.S.

Tax law takes bite out of U.S. Bank cash cow

BankThink

A sharp decline in capital markets fees at the Minneapolis company shows tepid loan growth is not the only side effect of tax reform at banks. How hard will it be to bounce back? Fee income Earnings

U.S. Bank teams with nonprofit to help drive more loans to CDFIs

BankThink

The Minneapolis bank is the first bank to join Community Reinvestment Fund's online service that matches small-business borrowers who don’t qualify for bank loans with community development financial institutions. Small business lending CDFIs Fintech U.S.

Why U.S. Bancorp Is Building Credit Union Branches in St. Louis

American Banker

An unusual investment by the Minneapolis company shows how big banks are developing innovative partnerships to deliver financial services in low-income neighborhoods.

Richard Davis stepping down at U.S. Bancorp; Cecere named CEO

BankThink

The Minneapolis company announced that Richard Davis will retire as CEO this spring. He will be succeeded by longtime deputy Andy Cecere. Commercial banking Succession planning Corporate governance Richard Davis U.S.

U.S. Bancorp expects regulatory order to be lifted by end of year

BankThink

The Minneapolis bank has been operating since October 2015 under a consent agreement that stemmed from deficiencies in its efforts to combat money laundering. AML Money laundering Crime and misconduct Compliance Terry Dolan U.S. Bank OCC

U.S. Bancorp Profit Rises on Card Revenue

Payments Source

Bancorp in Minneapolis reported higher quarterly profit boosted by increased fee revenue from credit and debit cards. credit news risk-analytics

U.S. Bancorp Profit Rises on Card Revenue

American Banker

Bancorp in Minneapolis reported higher quarterly profit boosted by increased fee revenue from credit and debit cards. breaking_news earnings-national-regional-banks performance mn national-regional

Transit Adds EMV for the Future, But Is in No Rush to Get There

Payments Source

Minneapolis' new transit deployment seems limited and even old school—it's a closed loop payment system that's only available on buses and not on the Twin Cities' expanding light rail system.

U.S. Bancorp Forecasts Higher 2Q Expenses, Peak in Compliance Costs

American Banker

Bancorp in Minneapolis said it expects noninterest expense to increase in the second quarter due in part to compliance and marketing costs. breaking_news mn national-regional

Kashkari's Plan to End TBTF Comes at High Price

American Banker

Minneapolis Federal Reserve Bank President Neel Kashkari has sketched out what he calls a streamlined, simplified post-crisis regulatory structure that can end "too big to fail" and prevent financial crises – but it comes at the expense of economic growth.

Education: By Popular Demand

Independent Banker

8–12 in Minneapolis. 14–17 in Minneapolis. 11–13 in Minneapolis. 12–16 (week one) in Minneapolis. 19–23 (week two) in Minneapolis. 18–21 in Minneapolis. 4–7 in Minneapolis. ICBA serves up in-depth professional development programs. By Runay Olson.

U.S. Bancorp mulls return to deposit advance after OCC gives green light

BankThink

The Minneapolis company is considering re-entering a business it exited under pressure from its regulator in 2014. Consumer lending Consumer banking Earnings Fee income Deposit advances Andy Cecere U.S. Bank OCC

U.S. Bancorp's 3% loan growth drove 3Q profit gain

BankThink

Those lending results offset a decline in fee income at the Minneapolis company, which saw earnings rise 4%. Net interest margin widened 12 basis points, too. Earnings Net interest margin Fee income Mortgages U.S.

U.S. Bancorp reports 3% loan growth, some fee income declines

BankThink

Declines in commercial products and mortgage banking fees at the Minneapolis company offset some of the benefits of higher interest rates. Earnings Non-interest income Auto lending Mortgages Sailthru NMN origination no display U.S.

Receivable Savvy Founder To Chair Fed’s B2B Payment Group

PYMNTS

The founder and managing director of Receivable Savvy, Ernie Martin, will reportedly lead a sub-group under the Federal Reserve Bank of Minneapolis’ Business Payments Coalition, an announcement said Tuesday (Jan. With the support of the Business Payments Coalition, the Federal Reserve Bank of Minneapolis and new and future vendor participants, we hope to see significant breakthroughs in education, collaboration and customer engagement,” he added.

U.S. Bancorp's Candor on CEO Succession Puts Low-Key Exec in Focus

American Banker

Andy Cecere is widely viewed as the successor to Richard Davis as chief of the Minneapolis bank — Davis has repeatedly backed him in public forums — but Cecere may get several years to prepare for the daunting growth challenges facing banking's next generation of leaders.

U.S. Bancorp Profits Barely Budge Despite Card Growth

American Banker

Bancorp held steady in the third quarter as the Minneapolis company on Wednesday reported a mix of both higher fees and salary-related costs. Profits at U.S. breaking_news performance earnings-national-regional-banks credit-card mn national-regional

For millennials, apps provide the on-ramp to investing

CU Insight

Personal Finance Apps Brian Edwards Investing Millennials Minneapolis Star Tribune The Journal TimesFor many young adults, easy-to-use applications on smartphones and tablets are a popular gateway to investing.