BankThink

Don't Give Away the Store When Enabling APIs

02/03/16

There are benefits for banks in fintech collaboration via application programming interfaces, but financial institutions should not let go of customer engagement.

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Show Change-Oriented Bank Managers Respect They Deserve

02/03/16

The industry's rapid change is shining a spotlight on middle and senior managers who inherit positions and often have to fix the messes Â-- while maintaining the successes Â-- of their predecessors.

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Morning Scan: Compliance Officers Feel the Heat; Ally CEO Scoffs at Auto Loan Bubble

02/03/16

Wall Street Journal

Regulators are putting more pressure on compliance officers at large banks and, as a result, turnover in the job category has soared. Banks have been pressed to hire more compliance officers in recent years to deal with the crush of new regulation. But at the same time, many are getting out of the job. About three dozen senior bank compliance officers quit their jobs last year, according to the headhunter firm Sheffield Haworth....

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Do Mortgages Still Have Earnings Potential?

02/02/16

The near future may find more banks ceasing to originate residential mortgages in an effort to stop the slide in stock prices.

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Dear Fed: Get Out of the Markets' Way

02/02/16

The central bank should not delay putting in place a long-term plan that diminishes its outsized influence and allows the financial markets to work without interference.

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Morning Scan: Tellers Emerge as Threat; 'Liar Loans' Make a Comeback

02/02/16

New York Times

Tellers have become a serious threat to bank security, according to law enforcement and prosecutors. Because teller jobs offer low pay and are not as important as they used to be, due in large part to mobile banking, the positions are sometimes attracting workers with criminal intent, according to an article in the New York Times. The job provides unusually direct access to customers' personal details. Rich and elderly customers are most at...

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Pot Banking 2016: More State Ballots But Continued Unease

02/01/16

The marijuana industry is still hampered by its own banking crisis, but the rigidity of federal laws is not stopping all advances in financial services for the sector.

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Here Is What's Wrong with Millennial Marketing

02/01/16

The best customer prospects are specific individuals, so don't fall into the trap laid by surveys and articles that recommend a grand pitch to Generation Y as a marketing strategy.

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Morning Scan: Inter-Bank Borrowing Turmoil; Barclays, Credit Suisse in $154M Settlement

02/01/16

Wall Street Journal

Depository Trust & Clearing will stop facilitating certain types of repurchase agreements between securities dealers, cutting a link that allows large banks to borrow from one another, unnamed sources said. The move affects about $45 billion in daily repo loans. The move principally affects Bank of New York Mellon, the largest bank that clears interbank repo loans. JPMorgan Chase also has a unit that's involved in this type of repo clearing. ...

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Criticism of CU Membership Rule Is Just Banker Noise

01/29/16

Banks' vocal opposition to the National Credit Union Administration's proposal to ease field-of-membership rules overlooks why changes are necessary and long overdue.

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