This week's editors' picks include a feature on big banks' struggle with BSA/AML issues; an article on the recovery of an Alabama banking organization whose parent emerged from a Chapter 11 bankruptcy; and a Data Dispatch on the delinquency rates at major card issuers in January.
Big banks continue to struggle with BSA/AML issues
As regulatory scrutiny on Bank Secrecy Act and anti-money laundering violations increases, large banks are facing the financial and strategic consequences of failing to grow their compliance systems at the same pace at which they grow their businesses.
Fintech, bank partnerships not likely to become a 'big bonanza'
Although the recent trend seems to be in favor of fintech-bank partnerships, industry experts expect this evolution will be slower for community banks.
Ala. bank on the road to recovery 1 year after parent's Chapter 11 filing
One year after filing for Chapter 11 bankruptcy protection, SunSouth Bancshares Inc. President and CEO Henry Monty Weigel is expecting the bank to step up as it starts to grow again.
Tax reform opens door for heightened bank competition
Bankers expect financial institutions to respond to the new tax plan through more aggressive underwriting and pricing, and consuming some of the benefits through heightened competition.
Card issuers see delinquencies rise, charge-offs tick down in January
Delinquencies at major card issuers increased modestly across the board in January. For example, Bank of America Corp.'s delinquency rate increased by 1.70%.