BankThink

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Housing's Tepid Bloom: The housing market recovery is looking a little soft these days. New home sales hit an eight-month low in March, according to Reuters, while applications for home loans also fell last week. This after the National Association of Realtors on Tuesday announced a drop in existing home sales. The latest numbers call into question the theory that the housing market was only hibernating during a tough winter, according to...

By buying more goods and services from businesses rooted in diverse communities, banks can build bridges with those communities and expand their customer base. And by expanding their networks of potential suppliers, banks can obtain better quality services at lower prices.

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Pay Up: Citigroup CEO Michael Corbat's pay package was blessed by shareholders at Citi's annual meeting in St. Louis; proxy advisory firms Glass Lewis and Egan-Jones had recommended rejecting Corbat's pay, the Wall Street Journal reported. Even so, pension fund giant Calpers voted in favor of the pay packages, the FT said. Shareholders approved all other proxy questions at the two-hour meeting. All this in spite of Citi's recent round of embarrassments:...

A mediocre solution as unappetizing as that may be, in the long run, is preferable to no solution at all in the secondary mortgage market.

Community banks need a steady flow of prospects. A partnership with a successful retail concept virtually guarantees constant customer traffic.