BankThink

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Disruption and Disintermediation: In her widely discussed takedown of Clayton Christensen's theory of disruptive innovation, The New Yorker's Jill Lepore trots out TD Bank as an example of a company that succeeded by eschewing innovations. We won't second-guess Lepore's overall critique of Christensen (plenty of others have, including Christensen himself) but we're calling baloney on the bank example. Sure, CEO Ed Clark avoided convoluted financial "innovations" like asset-backed commercial paper, a decision...

The new American Express film Â"SpentÂ" offers an opportunity to consider the some emerging strategies aimed at helping low-income and struggling middle-class Americans avoid or get out of debt.

Women are losing ground in their fight to diversify the industryÂ's C-suites. ItÂ's easy to see why, and a hard trend to reverse.

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The FOMC and Rates: The Fed offered new insight into its thinking on interest rates at the conclusion of the central bank's two-day Federal Open Market Committee meeting, the Wall Street Journal reported. The upshot: the Fed appears to be more aggressive in its outlook for raising rates in the next two years, but less aggressive in raising rates beyond 2016. Officials estimated the benchmark federal funds rate will hit 1.2% by...

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Central Bank Tea Leaves: A few stray comments by Bank of England policymakers have shifted rate expectations for the U.K. and caused a swing in currency markets. The minutes of the central bank's latest policy meeting, released Wednesday, showed members of the policy committee voicing "surprise" that investors don't think a rise in interest rates is likely before next year. Investors, apparently surprised at the central bank's surprise at their expectations, proceeded...