BankThink

Wall Street Journal

The paper gives a status report on the more than 30 private civil suits against 16 large banks over Libor manipulation. Combined with the regulatory fines, these suits could cost the industry tens of billions in the coming years, a law professor says. Interestingly, while some plaintiffs claim lenders were harmed because borrowers paid too little interest as a result of Libor-rigging, others argue borrowers were harmed because they paid too much. And...

A century and a half ago, the National Bank Act was born with a mission to promote a strong, vibrant national banking system. What it created was a dual banking system that has been meeting the changing needs of bank customers ever since.

When a single official has very great power over a small number of firms such as the megabanks, the result too often is regulatory capture.

Coinbase makes it simple to buy and sell bitcoins via a bank account, but plays only to the low-fee, frictionless nature of Bitcoin and fails to leverage its unique privacy aspects.

Receiving Wide Coverage ...

Citi's Executive Pay Plan: Citigroup is revamping its executive pay plan by now linking a portion of an executive's total compensation to the "company's performance relative to other big banks." These so-called "performance share units," payable three years after the firm meets performance goals, are being introduced after investors revolted against a proposed $15 million compensation package for former (and ultimately ousted) CEO Vikram Pandit in April. The new structure "will pay...