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

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."

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

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

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 40

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

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

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.

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

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.

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

Amazon Announces Next Whole Foods Delivery Expansion

PYMNTS

Grocery delivery for Prime members is taking its next great leap forward as Amazon and Whole Foods have announced that Prime Now Grocery is expanding to Chicago, Houston, Indianapolis, Minneapolis and San Antonio. Consumers in Chicago, Houston, Minneapolis and San Antonio will also be able to choose from a selection of alcoholic beverages.

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.

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 promotes Jodi Richard to chief risk officer

BankThink

The Minneapolis company said Wednesday that Richard, a senior executive in its risk management office, will succeed Bill Parker in October. Women in Banking Succession planning Compliance Career moves C-suite U.S. Bancorp HSBC

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. 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.

Can U.S. Bancorp find an edge in crowded field of digital-only banks?

BankThink

The Minneapolis company plans to expand to new retail markets through a digital platform, but it’s facing questions about how it will distinguish itself from peers. Digital banking Consumer banking Deposits Growth strategies Andy Cecere Terry Dolan 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.

Market Watchers Say US Recession Is Coming

PYMNTS

Credit spreads are the other element that’s a pretty big tell,” said Gene Tannuzzo, senior portfolio manager at Columbia Threadneedle Investments in Minneapolis. If you have a weird recovery, you might have a weird recession,” said Jim Paulsen, chief investment strategist at the Leuthold Group in Minneapolis. Market watchers have sent out a warning that the U.S. economy might be heading toward a recession.

US 156

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

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.

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.

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 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.

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. 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 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

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 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.

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