BankThink

What I Want to Talk About at Sibos: B of A's Cathy Bessant

10/10/15

Bank of America's ops and tech chief is looking to discuss the Internet of Things, innovation, diversity and recruitment at this week's global wholesale banking conference.

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What I Want to Talk About at Sibos: B of A's Cathy Bessant

10/10/15

Bank of America's ops and tech chief is looking to discuss the Internet of Things, innovation, diversity and recruitment at this week's global wholesale banking conference.

[more]

Elon Musk Will Get Us to Mars Before He'll Revolutionize Payments

10/09/15

In a new book, PayPal founder and former exec Elon Musk argues this big thinking is missing from PayPal and payment startups. Put another way, NFC and QR codes won't repair the global economy. The problem is Musk's big picture approach is it would challenge interoperability and ultimately stagnate the very industry he's trying to save.

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Morning Scan: Fed Has Inflation Concerns; Deutsche Bank's Goodwill Woes

10/09/15

Editor's note: Morning Scan will not publish on Monday, Oct. 12 in observance of the Columbus Day holiday. WeÂ'll be back on Tuesday, Oct. 13. Receiving Wide Coverage ... The FedÂ's Frenzy: The Federal Reserve released the minutes from its latest meeting, which gave observers clues as to why it decided not to raise interest rates. One of the big reasons Fed officials cited, according to the Wall Street Journal, was a concern that inflation is stillÂ...

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Women in Banking: Yastine's Next Chapter; Porat's Loan Warning

10/08/15

Buyers of securitized loans sue Lynn Tilton, the Pittsburgh Home Loan bank's Kristina Williams advises women executives on leveling the playing field, ex-Ally Bank chief Barbara Yastine joins a wealth management firm and Google's Ruth Porat warns about the economic threat posed by mounting student loan debt.

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How to Create a Bank Culture Where Women Can Thrive

10/08/15

The success of any organization depends on its ability to foster an environment that is open and inclusive, allowing diverse individuals to share insights and experiences that make the company stronger.

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Let Big Banks Chase 'Millennials,' Just Focus on Good Customers

10/08/15

Avoid viewing millennials as a monolithic group. Consider parsing them into subgroups such as affluent, homebuyers, entrepreneurs and savers. The smarter move may be removing the age bracket blinders entirely.

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Morning Scan: Industry Awaits Fed Meeting Minutes; LoopPay Hacked

10/08/15

Receiving Wide Coverage ...

Anticipating FOMC Minutes: Observers and markets eagerly await the release Thursday afternoon of the minutes from the Federal Open Market Committee meeting last month. While the meeting resulted in no change in interest rates, many expect details of the conversation to offer clues as to when they may raise rates, the Wall Street Journal reports. In particular, some think the meeting's notes may reveal the decision to keep rates unchanged was a...

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Cost-Conscious Banks Have Little Interest in Small-Dollar Loans

10/07/15

Traditional banks avoid the short-term-credit market because its customers demand a level of customer service that is inconsistent with current models of retail banking, the head of a payday lending group writes.

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Beyond Charm: Wealth Managers Need New Skills for Digital Age

10/07/15

Relationship and people skills certainly remain important, but today's wealth management leaders require far more than those largely sales-oriented abilities.

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