Perficient Minneapolis: Office Olympics Foster Collaboration and Creativity

Perficient Financial Servies

Perficient’s Minneapolis team has recreated their own Office Olympics competition, in an effort to put a fun twist to team building activities. Life at Perficient Office Olympics Perficient Minneapolis office

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.

Verizon Activates 5G In Chicago And Minneapolis, More Cities To Follow This Year

PYMNTS

Verizon has activated its 5G wireless network in Chicago and Minneapolis, the company announced on Wednesday (April 3), and it plans to roll it out to 30 more markets by the end of the year, according to a report by CNBC. The company won’t see revenue from the new network until 2021, Verizon CEO Hans Vestberg said. The 5G network will be a complement to “5G Home,” which is Verizon’s wireless alternative to cable.

Proposed Minneapolis credit union may be in jeopardy

CU Insight

A proposed credit union to serve the black community in North Minneapolis that has been in the making since 2017 suffered a major setback after its executive director was ousted for alleged financial misconduct, mismanagement and gross negligence.

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."

44 Fun Things to Do in Minneapolis-St. Paul (Twin Cities) – Cheap & Free Activities

Money Crashers

Outsiders associate the Minneapolis-St. Minneapolis-St. Local modes of speech, particularly in rural areas, still… 44 Fun Things to Do in Minneapolis-St. Paul area, and Minnesota in general, with cold weather, funny accents, and perhaps the Target bullseye logo. There are grains of truth in these cliches. Paul is the coldest major metro area in the United States, according to The Weather Channel.

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

Minneapolis City Council to Provide Up to $500,000 to New Minority CU

Keith Leggett's Credit Union Watch

The Ways and Means Committee of the Minneapolis City Council will provide up to $500,000 in funding for a new credit union serving minority residents in north Minneapolis. The loan can be used for occupancy, leasehold improvements and equipment expenses for retail space located in North Minneapolis. The loan will be forgiven if the following conditions are met: VFC will open a brick and mortar store in North Minneapolis in 2019.

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

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

Would Minneapolis Fed plan set big banks adrift?

ABA Community Banking

Truth and consequences of Kashkari's plan to end TBTF Management Financial Trends. 1Management

Heartland in Iowa to buy Minneapolis-area bank

BankThink

The company will pay $53 million in cash and stock for Signature Bank. Community banking M&A Capital Growth strategies Iowa Minnesota

Iowa 48

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

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

Fed’s approach to revamping post-crisis rules leaves no one satisfied

BankThink

Regulatory relief Liquidity requirements Minimum capital requirements Regulatory reform Regional banks Federal Reserve OCC FDIC Federal Reserve Bank of MinneapolisBanks say regulatory relief efforts should go even further, while public interest groups — and even one of the Fed’s regional offices — say the proposals to roll back supervisory standards go too far.

How Perficient’s Culture of Enablement Drives Innovative Client Solutions

Perficient Financial Servies

Here, Anandh Asokan, director, Solutions, Delivery, and Client Services, writes about his experiences working on innovative API and integration client solutions with his Minneapolis colleagues. Life at Perficient We Value Perficient Minneapolis office Vision Mission Values

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

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.

Wellness platform Branch is now a challenger bank

Bank Innovation

Against the rising tide of digital-only banks, Minneapolis-based personal finance platform Branch has taken the plunge.

Startup Branch wants to build a money services platform for hourly workers

Bank Innovation

Among them, Minneapolis-based Branch is working with employers to offer such employees digital money management tools and a portion of a worker’s paycheck in advance.

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.

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.

Mortgages boost U.S. Bancorp in 3Q

BankThink

The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees. Regional banks Earnings Mortgages Consumer banking Consumer lending Fee income Andy Cecere U.S. Bancorp

U.S. Bank Reaching Beyond Branches as 71% of Active Customers Are Now Digital

Bank Innovation

Bank executives, during the first-quarter earnings call today, outlined a strategy to extend relationships with customers outside the Minneapolis-based bank's physical footprint. Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S.

U.S. Bank branch restructuring is underway with closures in Chicago area

Bank Innovation

The Minneapolis-based regional bank currently has more than 3,000 bank branches in 26 states, but it is looking to reduce […].

U.S. Bancorp latest bank to lower profit forecast

BankThink

Expectations of more rate-cutting and slower GDP growth led the Minneapolis company to scale back its net income and revenue projections through 2022.

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.

US 209

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).

U.S. Bancorp’s mortgage growth a good sign for banking

BankThink

The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates.

Fee momentum timely for U.S. Bancorp

BankThink

Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow. Earnings Fee income Payment fees Card fees Regional banks Digital banking U.S. Bancorp

U.S. Bank joins banks investing in workforce assistance programs

BankThink

The Minneapolis bank said it will provide $8.2 million in grants to nonprofits that arm potential workers with cutting-edge skills and promote small-business growth. Banks say the investments will help them and their commercial customers close the skills gap.

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

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 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

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

Commercial, mortgage, card lending rise at U.S. Bancorp

BankThink

The Minneapolis bank reported mid- to high-single-digit improvement in those categories, but total loan growth was curbed by declines in CRE and other credit types. Earnings Regional banks Commercial lending Fee income Payment fees U.S. Bancorp

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.

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.

Former U.S. Bancorp chief Davis named CEO at Make-A-Wish America

BankThink

The appointment comes nearly two years after Davis said he was stepping down from Minneapolis bank to pursue "another calling.". Succession planning Non-profits Richard Davis Andy Cecere U.S. Bancorp

Business loans, mortgages, fees were 2Q bright spots for U.S. Bancorp

BankThink

The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees. Regional banks Earnings Commercial lending Credit cards Fee income Net interest margin Mortgages U.S. Bancorp

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. 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.