BankThink

Morning Scan: S&P Re-Examined After $1.5B Settlement; B of A Request Denied

02/04/15

Receiving Wide Coverage ...

Not So Fast: So now that Standard & Poor's has signed off on a $1.5 billion settlement, you'd think the credit ratings agency would be able to move on from the incident and reclaim the industry's reputation? Not so fast, my friend. The Journal takes a closer look at a statement of facts signed by the Justice Department and S&P, and finds troubling signs. The New York Times, on the other hand,...

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'Plain Vanilla' Student Account Plan Limits Choice, Innovation

02/03/15

The CFPB's "Safe Student Banking" initiative is designed to pressure students' educational and financial institutions into offering young people narrow options.

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Fear and Loathing and Misunderstood Sales Cultures

02/03/15

Bank managers can motivate their teams to make sales without forcing them to pounce on customers the moment they walk in the door.

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Morning Scan: S&P, DOJ Reach Hard-Won Deal; Lending Club Joins Up with Alibaba

02/03/15

Receiving Wide Coverage ...

Long Time Coming: It's been a long and bloody road to a $1.37 billion settlement between Standard & Poor's and the U.S. Justice Department. The deal, announced Tuesday, resolves accusations that S&P misled investors about the credit quality of mortgage-backed securities in the run-up to the financial crisis. But the media coverage is far more focused on what happened during the two years it took the parties to reach an agreement. S&P...

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High Time to Revisit Bank Control Rules

02/02/15

Revising the current control rules could give banks access to more capital from private equity, hedge funds and other institutional investors.

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In White-Collar Crime, Banks Are More Often Prey than Predator

02/02/15

Banks victimized by loan fraud, identity theft, embezzlement and other crimes often stand to benefit by actively cooperating and coordinating with federal authorities.

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Morning Scan: First Mariner CEO's Second, Covert Career; What's 'Culture'?

02/02/15

Wall Street Journal Edwin Hale Sr., the founder and former chief executive of First Mariner Bancorp in Baltimore, confessed that he covertly worked for the Central Intelligence Agency for about 10 years in the 1990s and 2000s. Hale made the confession in his recently published biography, "Hale Storm." The CIA used agents posing as employees of Hale's bank (the article doesn't specify whether they were employees of First Mariner, or of Bank of Baltimore, Hale's previousÂ...

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Weekly Wrap: Now Even Churches Are Too Risky to Bank

01/30/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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Affordable Housing Can't Be Held Hostage to GSE Stalemate

01/30/15

Two Republican legislators have suggested that affordable housing funding should be put on hold until Congress finally decides what to do about Fannie and Freddie. But why give Congress another six years to fiddle around with housing finance while the poor and homeless face a declining level of government housing assistance?

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Morning Scan: Ally Licks Wounds from GM Snub; Apple Pay's Ripple Effect

01/30/15

Receiving Wide Coverage ...

Deutsche Downer: Deutsche Bank's quarterly results beat analysts' expectations, but the bar was pretty low to begin with given that analysts had forecast a loss. "A single quarter aside, the performance of the stock and of the company has simply been poor," writes the Financial Times' Lex team. The column recommends Deutsche consider spinning off "some or all" of its retail banking units and consider boosting returns by growing its asset management...

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