BankThink

Morning Scan: Debating the Ex-Im Bank's Future; Banks Scrap Remittances

07/07/14

Receiving Wide Coverage ...

Debating the Export-Import Bank: Supporters of the Export-Import Bank are fighting back against the House Republicans who want to scrap it. Each member of Congress will receive in the coming weeks, "a personalized index card laying out exactly which companies in their districts benefit from the financing agency and how many people they employ" according to the Wall Street Journal. Companies including General Electric and Boeing, along with industry groups such as...

[more]

Weekly Wrap: Bitcoin Rival Could Shake Up Commerce; Rethinking Credit Scores

07/03/14

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

[more]

In Wake of Dimon's Cancer News, Opponents Set Grudges Aside

07/03/14

JPMorgan Chase Chief Executive Jamie Dimon has no shortage of detractors. But the public response to his cancer diagnosis has been surprisinglyÂ--and reassuringlyÂ--civil.

[more]

How the Magic Kingdom Nails Product Rollout

07/03/14

Disney has found success with wearable technology thanks in no small part to its efforts to educate and motivate customers about its MagicBand wristbands.

[more]

Morning Scan: Dimon Praised; Yellen on Bubble Popping

07/03/14

Yellen Holds on Low Rates: The Federal Reserve should not raise interest rates in order to battle financial bubbles, according to a speech delivered by the central bank's chairwoman Janet Yellen Wednesday. Her remarks suggest that the Fed is "more interested in having a resilient financial system that can cope when asset bubbles burst than it is in popping them through rate rises," the Financial Times reports. While monetary policy is an efficient means ofÂ...

[more]

Scrapping Basel III for Stress Tests Would Be a Big Mistake

07/02/14

Stress tests have a spotty record as a tool for identifying weaknesses and problem institutions.

[more]

A Centralized Credit Policy Is Best Defense Against Fair-Lending Complaints

07/02/14

If banks can develop processes that show their credit decisions are consistent, transparent, and easily auditable they will be in a better position insulate themselves from disparate impact judgments, writes Zoot EnterpriseÂ's Eric Lindeen.

[more]

Morning Scan: JPM's Dimon to Keep Working During Cancer Treatment

07/02/14

Receiving Wide Coverage ...

Dimon Diagnosed with Throat Cancer: The doctors caught it early, it's curable, and the JPMorgan CEO will undergo treatment over the next two months while continuing to work (though limiting his travel). "There isn't a specific individual who will take over Mr. Dimon's responsibilities as his schedule eases while he undergoes treatment," reports the Journal, citing a company spokesman. "The board has succession plans focusing on immediate, three-year and five-to-seven-year time frames."...

[more]

How a Bitcoin Rival Could Create a Global Supermoney

07/01/14

A payment and currency exchange system called the Ripple protocol makes dollars, yen, euros, Bitcoins, gold and even frequent flyer miles virtually interchangeable.

[more]

Four Changes the SBA Can Make to Help Minority Business Owners

07/01/14

In order to ensure that small businesses owned by people of color can grow and prosper, new SBA head Maria Contreras-Sweet should prioritize helping those businesses access capital and get a fair shot at corporate contracts.

[more]