BankThink

Preparing for the inevitable future credit crisis by setting aside more loss reserves is a step toward avoiding government bailouts.

Receiving Wide Coverage ... Preparing for an Energy Bust?: The list of banks coming to terms with the downturn in the energy industry has grown rapidly in the past week. Wednesday, Wells Fargo reported in a regulatory filing that it set aside $1.2 billion in reserves for potential oil- and gas-related loan losses. It's far from alone: JP Morgan disclosed Tuesday a $44 billion total exposure to the energy industry, nearly three-quarters of which is unfunded.Â...

Instead of focusing on the effect of swipe fee rules on banks and credit unions, retailers should ask why the Durbin amendment hasnÂ't produced the promised cost savings for their consumers.

Meaningful rules encouraging Fannie and Freddie to do more with manufactured housing would allow more lenders into the market and make pricing more competitive.

Wall Street Journal

The "London whale" doesn't want you to call him the "London whale." Bruno Iksil resents the nickname, which he said his competitors devised to make his trade losses at JPMorgan Chase seem worse than they were. Also, Iksil said senior management at JPMorgan "initiated, approved, mandated and monitored" the trades he placed that led to losses of $6 billion. So Iksil said he didn't do anything wrong there, either. ...