BankThink

Healthcare Lenders Should Prepare for ACA Turmoil

05/23/14

The dramatic headwinds of the Affordable Care Act will result in increasing defaults and bankruptcy for many healthcare operators. Lenders should start evaluating risk in their healthcare portfolios now.

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Morning Scan: Barclays Fined for [Insert Misdeed Here]; AML's Collateral Damage

05/23/14

Receiving Wide Coverage ...

Another Day, Another Fine: Barclays again, $43.9 million, for manipulating gold prices. Wall Street Journal, Financial Times, New York Times

Housing: Sales of previously owned homes rose in April for the first time this year, and per "Heard on the Street," new home sales data due out Friday is expected to show a rebound from March's anemic figure. Affordability remains a challenge, though, this Journal column notes, and according to the Times, in...

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How Women In Banking Can Rise to the Top

05/22/14

When women reject or reframe career-limiting assumptions, they are able to get ahead at their jobs without sacrificing having a family.

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The Smart Way to Turn Tellers into Sellers

05/22/14

Banks have tried to change tellers' skill sets without changing the type of people they hire. They need to recruit sales-minded employees Â-- and incentivize them with better pay and clearer career paths.

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Morning Scan: Fed Is Split on the Depth of Underemployment

05/22/14

Receiving Wide Coverage ...

Fed Discusses Labor Market: Federal Reserve Board members debated whether there is slack in the U.S. labor market, which would keep wages and inflation down. The minutes from the April 29-30 Federal Open Market Committee meeting shows Janet Yellen supporting the view that there are a large number of underemployed or unutilized workers and that means going slow on raising interest rates, according to the Wall Street Journal. But some other members...

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Tread Lightly When Setting Capital Requirements for Nonbanks

05/21/14

Before the FSOC or other agencies start to impose capital requirements on nonbank financial companies, let's make sure we understand the business models and the risks that these firms actually take.

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Why Banks Have Trouble Getting Compliance Right

05/21/14

If banks and supervisors are serious about achieving regulatory excellence, they need to make the people in charge of product lines take ownership of compliance.

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Morning Scan: Credit Suisse and Political Theater; Ex-JPM Big Fang Fang Arrested

05/21/14

Receiving Wide Coverage ...

Suisse Plea, Take Two: Credit Suisse chief executive Brady Dougan said in a Tuesday conference call that he never considered stepping down during the course of the U.S. government's investigation over whether the Swiss banking giant helped Americans evade taxes. But Dougan apparently came closer to losing his job than his comments suggest. The bank's board members considered asking Dougan to step down in exchange for an assist from the Swiss government,...

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Credit Suisse Got Off Too Easy: Twitterati

05/20/14

The consensus on Twitter is that a $2.6 billion fine for helping wealthy Americans evade taxes is not punishment enough for the Swiss banking giant.

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How to Help the Hard-to-Reach Unbanked

05/20/14

There are a lot of great programs aimed at helping low-income people improve their financial circumstances. One problem: figuring out how to connect with them in the first place.

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