BankThink

Candidates Should Use Deposit Insurance Reform to Fight TBTF

10/20/15

Presidential candidates shouldnÂ't rely on crowd-pleasing gimmicks or trick plays to reform the banking system, but the execution of the basics. This means focusing on the time-tested risk-return tradeoff and restructuring our existing deposit insurance system to be truly risk based.

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Community Banks Have Bigger Problems than Regulation

10/20/15

From interest rate risk to C-suite and boardroom diversity to succession planning, community bankers need to be acutely tuned in to a combination of global and domestic factors that are changing their world at an unprecedented pace.

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Morning Scan: Deutsche Bank's $6B Goof; Morgan Stanley's Transformational Struggle

10/20/15

Breaking News This Morning ...

Earnings: Fifth Third, Regions, Synovus, Signature, Bank of New York Mellon Receiving Wide Coverage ...

Morgan Stanley's Miss: The investment bank's third-quarter results fell far short of analyst expectations, owing to steep declines in its trading and private equity businesses. The firm warned trading won't recover soon, given macroeconomic headwinds from China, the Fed, and the commodities markets. The Washington Post notes "the effect of the trading decline on the bank's bottom line...

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The Choking Continues After 'Choke Point'

10/19/15

Even if Operation Choke Point officially ended, U.S. regulators have continued to apply the policy of threatening investigations and ruinous fines against banks that service "high-risk" customers in disfavored industries.

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Morning Scan: State Street, JPM Charging to Hold Deposits; Diebold in Merger Talks

10/19/15

Wall Street Journal

First it was Swiss banks charging clients to hold their deposits. Now it's U.S. banks' turn. State Street for the first time has begun charging fees to hold some large dollar deposits, unnamed sources said. JPMorgan Chase has also started charging fees, helping it cut unwanted deposits by more than $150 billion this year. Bank of New York Mellon and Northern Trust, the other two large custodial banks haven't yet begun charging to...

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Who's Afraid of a Republican CFPB?

10/16/15

The argument that a Republican CFPB director could wreak havoc on what the agency has already accomplished just doesn't hold water.

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Women in Banking: Bessant and Cox on Fintech; a Night to Remember

10/16/15

Bank of America's Cathy Bessant contends banks are fintech companies; Citi's Heather Cox says no way are startups ever going to be the 'Uber of banking;' and is Elizabeth Warren a tyrant? Also, don't miss our coverage of the celebration for the Most Powerful Women in Banking and Finance. Maybe someone you know is in the photos.

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Britain Provides Clues for the U.S.'s EMV Future

10/16/15

EMV card technology has fully replaced traditional magnetic stripe cards in virtually all developed countries except the U.S. In these markets, it's proven to be an effective technology to reduce fraud for card-present transactions, forcing fraudsters to migrate to areas that have not adopted a chip-based payment system.

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Morning Scan: Netflix's EMV Complaint; 'Waiting for Godot,' i.e., the Fed

10/16/15

Wall Street Journal

Netflix blamed the shift to EMV credit and debit cards for its 10.2% year-over-year decline in U.S. subscribers. Card firms are having none of that talk. One unnamed card industry executive said Netflix is the only subscription-based business complaining about such a problem, so the problem must be Netflix. ...

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Bankruptcy Reform Worked, But Didn't Go Far Enough

10/16/15

The changes made 10 years ago reduced abusive bankruptcies and made our nation's economy more resilient. If Congress had gone further by regulating attorney fees and increasing penalties for fraud, the economy would be that much stronger.

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