Banking
Top stories summarized by our editors
6/21/2018

Banks with less than $100 billion in assets may be going through their last annual stress tests now that regulations have been eased. The Federal Reserve is releasing results this week and next, and the tests may prove more challenging in the context of a strong economy.

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Federal Reserve, Congress
6/21/2018

Robinhood reportedly is talking with regulators about offering banking services. The California-based financial-technology company provides its 4 million customers with a free stock-trading platform.

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Fintech
6/21/2018

More than 7 in 10 millionaires younger than 40 believe it's important that their wealth manager share information about cryptocurrencies, a Capgemini survey finds. Even if advisers aren't offering products or specific advice, it's important to offer an opinion, as clients will move to a manager who can and will start the conversation about crypto, says David Wilson of Capgemini.

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WealthManagement
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David Wilson, Capgemini
6/21/2018

Banks are sharing more information with one another to fight crime and terrorism, but privacy advocates are concerned people and companies will be penalized simply because of suspicion. Seven of the world's largest banks, including JPMorgan Chase, Citigroup, Bank of America and Wells Fargo, created a data-sharing group in 2015.

6/21/2018

Consumer Financial Protection Bureau acting Director Mick Mulvaney has encouraged lawmakers to confirm Kathy Kraninger as CFPB director, saying a long confirmation process could leave him in office until the end of President Donald Trump's first term. Mulvaney also says the CFPB's Office of Innovation will have a leader soon.

6/21/2018

Banks are offering more digital options as they seek to remain competitive. Bank of America customers can do any task remotely, while Citigroup is opening smaller branches and is developing more mobile technology.

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Pymnts
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Citi, Bank of America
6/21/2018

Open conversations can be difficult for leaders because they must spend most of the meeting listening and withholding judgment, writes Mary Jo Asmus. "Be curious as you listen, and you'll find that other questions might arise that you can ask to deepen or continue the conversation as it unfolds," she writes.

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Aspire-CS
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Mary Jo Asmus
6/20/2018

People in their 50s might wish to step up retirement savings to ensure they achieve their preferred lifestyle when they leave the workforce. Here are several ways to bolster savings, starting with taking advantage of catch-up contributions for retirement accounts.

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CNBC
6/20/2018

U.S. Bank, Capital One and American Express allow customers to conduct limited banking services using smart speakers, but there are security concerns. A customer's voice could be manipulated, and criminals may be able to access accounts remotely, said Kurt Baumgartner, a security researcher with Kaspersky Lab.

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The Associated Press
6/20/2018

A bill approved by the California State Assembly and now headed to a state Senate committee would limit borrowers to one small-dollar loan at a time. Currently, borrowers can take out one loan per small-dollar lender.

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California Assembly