BankThink

The Last Straw for Bitcoin

06/05/13

To survive, Bitcoin businesses will have to do more than "de-anonymize" their operations. They will also have to cope with the loss of the digital currency’s most fundamental characteristic: irrevocability.

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Branch Visits Fewer, But Ever More Important

06/05/13

While face-to-face interactions may be nowhere near the most common banking transaction these days, they continue to have an inordinate influence on how customers think and feel about a bank. We cannot afford to waste them.

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HSBC Hit with Foreclosure Suit; FHA's $115 Billion Loss Scenario; Return of the Synthetic CDO?

06/05/13

Receiving Wide Coverage ...

HSBC Hit with Foreclosure Suit: Eric Schneiderman has struck again. This time it's at HSBC, which, on Tuesday, became the latest bank on the receiving end of a lawsuit from the New York Attorney General. This lawsuit accuses HSBC of ignoring a state law by failing to file forms that would have entitled homeowners facing foreclosure to loan modification negotiations. The Journal reports Schneiderman "may bring actions against other banks over the...

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Don't Blame Camels for Human Failures

06/04/13

Let's be cautious about scrapping the Camels rating system without fully understanding why it supposedly failed. Any human endeavor is prone to failure, as any system is subject to improvement.

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JPMorgan Shareholders Chose Wrong Side of History

06/04/13

The trend is decidedly away from shared roles and to a separation of the board from management.

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Better than Brown-Vitter - Make Banks Issue Long-term Debt

06/04/13

Brown-Vitter is a welcome display of bipartisanship. But its proposed solution to “too big to fail,” equity capital, is only marginally effective in imposing discipline on management.

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Banks Have the FDIC's Back in Times of Need

06/04/13

The FDIC's decision to fund its emergency needs by calling upon banks to prepay future premiums back in 2009 suggests that the line to the Treasury may never be used.

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FSOC Picks Some Nonbanks to Oversee; White House Targets Patent Trolls; More 'Student Debt Is the New Subprime'

06/04/13

Receiving Wide Coverage ...

Systemically Important: The Financial Stability Oversight Council took an important step toward implementing a key provision of Dodd-Frank when it voted on a proposal to designate a group of nonbank financial firms as systemically important on Monday. FSOC isn't saying what companies made the list just yet, but AIG, Prudential and GE Capital have disclosed that they received the designations. These firms now have 30 days to fight the proposal. Per reports,...

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FHFA Should Test Mortgage Reforms Before Congress Commits to One

06/03/13

Reforming the housing finance system cannot and should not be rushed, especially since we lack basic information on the likely impact of the various proposed alternatives.

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SBA's Karen Mills Is No Friend to Small Business

06/03/13

American Banker Magazine's recent article on the Small Business Administration's Karen Mills was quite a love-fest. Here's the other side of the story that would be good for the public to hear.

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