BankThink

Receiving Wide Coverage ... Nasdaq Outage: The Nasdaq stock exchange went down for three hours on Thursday, after a technical glitch caused connectivity issues and interrupted its ability to quote prices. The failure "delivered another black eye to Nasdaq, which was bruised by last year's botched initial public offering of Facebook," reports the Journal. This incident, coupled with Goldman's rogue computer problems from earlier this week, has also raised new questions about the high-speed, computerized structure…

Recognition by a market-based standards organization such as ISO, in the form of a three-letter code, would set the stage for increasing market depth and liquidity of bitcoin trading – in turn facilitating overall consumer and merchant adoption.

Receiving Wide Coverage ...

More Mortgage Job Cuts: Wells Fargo says it plans to cut 2,300 mortgage-related jobs nationwide. The FT calls the cuts, which are the third and largest wave of mortgage-related layoffs Wells has announced this year, "part of a renewed push by John Stumpf, chief executive, to cut Wells' overall costs to help offset lower mortgage lending and falling profit margins." The Journal suggests the news is ominous. "The job cuts highlight the...

Steve Bartlett is joining Treliant Risk Advisors early next month. It'll be a part-time gig, but the former Financial Services Roundtable CEO plans to make Treliant his home base for the range of consulting work he's picked up since leaving the Roundtable late last year.

Banks have made an effort to address the many deficiencies in risk management that surfaced during the crisis, but their execution has been lackluster. They should have accomplished more in five years.