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Four victims of SunTrust shooting were bank employees

A red SUV is seen parked outside the damaged SunTrust bank early Thursday, Jan. 24, 2019, in Sebring, Fla. Authorities say five customers were shot and killed at the bank on Wednesday.
Police in Sebring, Fla., have yet to determine a motive for the attack in which four SunTrust workers and one customer were killed. The shooter, Zephen Allen Xaver, has been arraigned on five counts of first-degree murder.

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24 million mortgage documents exposed in data security lapse

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A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers.

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Battle for deposits is like 'a steel-cage match

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Loan demand is finally picking up after several lackluster quarters. Banks' big challenge is finding cheap deposits to fund all those new loans.

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Warren demands details on Mnuchin's December calls to bank CEOs

Steven Mnuchin
In letters to the Treasury secretary and CEOs of the largest banks, the Massachusetts Democrat questioned why Mnuchin was trying to quell liquidity fears that had not previously been mentioned by regulators.

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Are fintechs better off taking the ILC route to banking?

Square and Twitter CEO Jack Dorsey
Jack Dorsey, co-founder and chief executive officer of Twitter Inc., speaks during a House Energy and Commerce Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 5, 2018. Republicans pressed Dorsey for what they said may be the "shadow-banning" of conservatives during the hearing. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
The industrial loan company charter is getting more attention as doubts grow about a new federal license for fintechs.

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Zelle's volume surges, but there's a catch

Bank of America
Bank of America branch sign is seen on Monday, Feb. 23, 2009 in New York, U.S. Photographer: Jin Lee/Bloomberg News
JIN LEE/BLOOMBERG NEWS
The bank-led P2P network Zelle saw its strongest quarterly growth during the fourth quarter of 2018, as payment volume rose nearly 60 percent to $119 billion for the year. But large banks such as Bank of America are seemingly driving the lion's share of its volume.

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At least five killed in shooting at SunTrust branch in Florida

SunTrust branch
SunTrust Banks Inc. signage hangs above an automated teller machine (ATM) at a branch in Washington, D.C., U.S., on Tuesday, Nov. 11, 2014. SunTrust Banks Inc. announced plans in Aug. to hire as many as 200 people for its investment bank to expand businesses including capital markets and stock research and add expertise targeting the energy and health-care industries. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
Police arrested a man after responding to a hostage situation at a branch in Sebring, Fla., early Wednesday.

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Blend hires ex-Fannie CEO Mayopoulos as president

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Timothy Mayopoulos, president and chief executive officer of Federal National Mortgage Association (Fannie Mae), speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. Mayopoulos discussed the organization's future. Photographer: Patrick T. Fallon/Bloomberg
Patrick T. Fallon/Bloomberg
Timothy Mayopoulos is back in the mortgage industry, becoming the new president of the digital mortgage technology developer Blend, months after leaving his post as Fannie Mae's CEO.

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One study, two vastly different visions for CFPB payday rules

Ronald Mann, a professor at Columbia University.
When a Columbia University professor surveyed 1,000 payday loan customers, little did he know that the resulting research report would become a lightning rod in the drafting of rules for small-dollar lenders.

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How Citi will shrink its pay gap, and beware those freshman renegades

Rep. Rashida Tlaib, D-Mich., center, attends a United Auto Workers candlelight vigil for General Motors workers at assembly plants targeted to close at Hart Plaza in Detroit on Friday, Jan. 18, 2019.
Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive female freshmen who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on toxic masculinity.

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Crime and misconduct Data breaches Deposits Fintech P-to-P payments Payday lending Elizabeth Warren Steven Mnuchin CFPB News & Analysis Zelle
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