website Archives — McCormack & AssociatesMcCormack & Associates

September 22, 2014

Published by mccorm-tyler at September 22, 2014

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Community Banking News courtesy of American Banker

A vetting guide for banks mulling fintech partnerships February 19, 2020
The game has changed and bank executives will have to do more homework before striking a deal.
HSBC plan sidesteps CEO question; Bloomberg would toughen bank regulations February 19, 2020
The overhaul calls for massive job cuts but leaves interim CEO Noel Quinn’s permanent role in limbo; the program would throw out most of Trump’s Dodd-Frank rollbacks.
Fed's ownership rule could open door to more activist investors February 19, 2020
Clearer standards make it easier for shareholders to boost their stakes in banks without having to file for bank holding company status.
Ally to pay $2.6B for unsecured lender CardWorks February 18, 2020
CardWorks also specializes in nonprime credit cards and loans for recreational and marine vehicles.
HSBC scales back U.S. retail expansion amid another global restructuring February 18, 2020
The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.