The editors' picks for 2016's best banking articles by SNL include a look at Wells Fargo as it tries to rebuild customer trust, a look into Glass-Steagall amid calls for its revival and the story of banks trying to shoot down bears as they deal with the effects of oil price pressure.
In reporting earnings, Canadian banks drill down on energy exposure
While Canadian banks undeniably are facing challenges as a result of their energy exposure, executives were also quick to point out in their respective earnings calls that downgrades in their energy books were "within expectations," a sentiment analysts were less inclined to take at face value.
Banks in oil patch try to shoot down bears, downplay risk of contagion
Bankers in oil-rich markets acknowledged the stress in their energy loan portfolios while also maintaining that there are no other similar problems in other segments of their balance sheet.
CRE exposures driving loan participations, deal considerations
Some banks are looking to reduce their commercial real estate exposures through loan participations, as banks with elevated CRE concentrations have faced greater scrutiny in the investment and regulatory community over the last six months. Others say the possibility of growing concentrations through acquisitions could curb some deals.
2016 CCAR marks the year of the dividend hike
The 2016 Comprehensive Capital Analysis and Review season marked a stage where the largest banks in the U.S. saw a normalization of their capital buffers and an opportunity to return money to their shareholders.
Opportunistic Wells Fargo now in deal-making penalty box
The San Francisco-based banking giant has a history of being opportunistic on specialty finance acquisitions, but after the Federal Reserve and FDIC said the company failed to address deficiencies in its resolution plan, its growth plans for its nonbank assets are on hold and hinge on whether regulators approve its next resolution plan.
A tough sales slog for Wells as it tries to win back customer trust
It's been tough going for Wells Fargo as it continues to deal with the setbacks and fallout from its unauthorized-accounts scandal. The company saw a plunge in credit card applications and a falling rate of new checking account openings in October, with the trend expected to continue through the end of 2016.
In calls to revive Glass-Steagall, policy and politics square off
There is a growing call among politicians to have the biggest banks broken up, as well as revival of the Depression-era Glass-Steagall law, but there is no consensus to be found when it comes to seeing the policy through to create a modern version of the 1933 law.
Court ruling on CFPB constitutionality could be 'blessing in disguise' for agency
The U.S. Court of Appeals for the District of Columbia Circuit found the CFPB's structure unconstitutional but stopped short of recommending the adoption of a commission, something Republicans have attempted to legislate. Republicans may have won the battle there, but may have lost the war to revamp the regulator.
NCUA approves membership rule to expand CU access
After receiving more than 11,000 comment letters, the National Credit Union Administration board approved its much-debated field of membership rule, which makes it easier for U.S. credit unions to expand their reach.
Online lenders review OCC charter proposal, could do more partnerships
Online lenders are reviewing the OCC's proposal to grant special-purpose national charters to financial technology companies, which one executive thinks could lead to more bank partnerships.