BankThink

How Community Banks Can Fight Back Against Basel III

11/26/12

To prove and defend their capital adequacy, community banks must focus on linking the results of stress testing to the core principles that underlie Basel III's standalone ratios.

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Customers, Not Cutbacks, Should Be the Focus of New Branch Models

11/21/12

Forget directing downsized staffs to sell based on a particular person's share of wallet. Today's customers can tell the difference between brands that push products and brands that are genuinely trying to solve their problems.

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Schneiderman Promises More MBS Lawsuits; Bernanke Round-Up; UBS Trader Verdict

11/21/12

Receiving Wide Coverage ...

Schneiderman Strikes Again: More details have emerged regarding New York Attorney General Eric Schneiderman's mortgage-backed securities case against Credit Suisse, now that it has formally been filed, and while there are definite nuances and different key players, the general gist of the allegations may sound a bit familiar. To surmise, prosecutors allege the investment bank misled investors about the quality of the home loans that made up its mortgage securities back in...

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Don't Let Payday Lenders Tarnish Mortgage Businesses

11/21/12

All mortgage lenders should voice their objection to the NMLS' efforts to include non-mortgage industries such as pawnbrokers, debt collectors and even used car financing companies in its registry.

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CFPB Must Provide Safe Harbor to All Qualified Mortgages

11/20/12

Providing a safe harbor for only some qualified mortgage loans will swing the stringent credit standard pendulum further in the wrong direction.

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Fincen's New KYC Rule Is Inevitable, but Not Settled

11/20/12

Banks should seize the opportunity to shape the rule in a manner that helps policymakers achieve their AML goals without imposing needless cost and customer pain.

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Don't Punish Consumers for Servicers' Foreclosure Backlogs

11/20/12

Seeking to accelerate a process that results in taking someone's home should not be done lightly. Plus, a major driver of foreclosure time is not state law but who services the mortgage.

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Sandy Response Shows How Banks Can Regain Public Trust

11/20/12

Trust isn't a message; it's a series of actions that demonstrate character. For the first time since the 2008 financial crisis, the banking industry established public goodwill through voluntary and proactive decisions.

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JPMorgan Shuffles in New CFO; Credit Suisse Restructures; Schneiderman Set to Strike Again

11/20/12

Receiving Wide Coverage ...

JPMorgan Shuffles in New CFO: JPMorgan Chase has named Marianne Lake as its new chief financial officer. As this American Banker article points out, the appointment of a new CFO was to be expected, given Doug Braunstein's apparent demotion back in July following the more than $6 billion in trading losses caused by the London Whale. (It should be noted that, on the record, the bank's CEO Jamie Dimon is telling news...

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Industrial Banks Already Have a Source of Strength: Their Parents

11/19/12

Capital is just not an issue for these banks. All the capital they may ever need is a phone call and wire transfer away.

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