BankThink

Older Generations Use Digital Banking Too

01/21/16

Millennials may have initially been the primary target for digital banking services, but we must bust the myth that they're the only ones craving innovation.

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Morning Scan: Barclays Plans Job Cuts in U.S. to Reduce Expenses; Blockchain Test Results

01/21/16

Receiving Wide Coverage ...

Barclays Job Cuts: Barclays plans to cut about 1,000 jobs worldwide, according to the Wall Street Journal, or up to 1,200, the Financial Times said, as new CEO Jes Staley implements his turnaround plan. Some of the job cuts will be in the U.S., however most will come from Asia, including its businesses in cash equity research, sales and trading and convertible bond trading. Barclays will also exit Brazil, Russia, Taiwan and...

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Why FASB Reserving Model Isn't as Bad as Banks Think

01/20/16

The Current Expected Loss Credit model will help to quantify bankers' intuition and can be built with readily available data.

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Remittance Market Bogged Down by Regulation, Cost

01/20/16

International money transfers have not enjoyed the improvements in transparency and cost that are benefiting other products. That must change to move the remittance market forward.

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Morning Scan: B of A's Cost-Cutting May Go Deeper; Wealth Management Weakness

01/20/16

Breaking News This Morning ...

Earnings: Goldman Sachs' fourth-quarter earnings fell on a $5 billion regulatory penalty. Wall Street Journal

Bank of America took a hacksaw to its expense base during the fourth quarter, slashing expenses by 2% from a year earlier, in part by firing employees, according to American Banker's report on its earnings. B of A may want to find a sharper blade. Much of the cost-cutting at B of A has come from its mortgage-servicing...

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Gender Diversity Makes Banks Better World Citizens: B of A's Cathy Bessant

01/19/16

International events like the Davos economic forum should remind business leaders of the importance of being stewards and of having workforce diversity.

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You Can Set Bank Marketing Efforts on Cruise Control

01/19/16

Labor-intensive cross-marketing programs, which were beyond the scope of small marketing departments, are suddenly feasible thanks to automation.

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Morning Scan: Developers Debate Future of Bitcoin; Merrill Broker Exodus?

01/19/16

Breaking News This Morning ...

Earnings: 4th quarter results from Bank of America, Morgan Stanley, M&T Bank, Comerica Receiving Wide Coverage ...

The Death of Bitcoin?: Bitcoin is dead. Long live bitcoin. Bitcoin developer Mike Hearn proclaims that bitcoin's litany of problems — from the domination of Chinese bitcoin miners, to bitcoin's superslow distributed network, to the open fighting amongst members of the bitcoin community — has now officially doomed the technology. Time to bury bitcoin and start...

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Banks Can Use 'Code of Ethics' to Strengthen Public Trust

01/15/16

Drafting internal honor codes, and having employees pledge to follow them, could be a good first step to reversing negative opinions about banking.

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Morning Scan: Goldman to Pay $5B Fine; Basel Committee Eases Trading Rules

01/15/16

Breaking News This Morning ...

Earnings: It's a banner day for 4Q reports from megabanks and regionals: Citigroup, Wells Fargo, U.S. Bancorp, PNC and Regions Financial. And there are two M&A deals in Chicago, from buyers Wintrust and Royal Financial.

Goldman Sachs Faces Huge Fine: Goldman Sachs will pay the largest regulatory penalty in its history as part of a settlement regarding its sale of mortgage bonds before the financial crisis. Goldman settled with the complainants, which...

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