BankThink

Post-Sandy, NYSE Is Running Smoothly, JPMorgan Sues Whale Boss

11/01/12

Receiving Wide Coverage ...

Back to Business: The East Coast continues along its long road to recovery post-Sandy with some subways and airports set to resume (albeit limited) service today in the tri-state area. Also back in business is the New York Stock Exchange, which reopened its doors yesterday amid much criticism that a two-day shutdown signaled insufficient disaster preparedness. Both the Journal and the Times have pretty detailed play-by-plays of how the exchange's first day...

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Involve Congress in Reconsideration of Basel III

11/01/12

Few legislators will have much appetite for setting bank capital policy, but it would be a gross error to mistake that discretion for lack of interest in what those policies will do to local economies.

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Claims of Homeownership's Social Benefits Rise from the Grave

10/31/12

Bubble-era claims about the various ways that owning a house could make you and your children happier are coming back to life.

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Markets and Banks Reopen, But It's Hardly Business as Usual After Sandy

10/31/12

Receiving Wide Coverage ...

Sandy, Day Three: "Power Outages May Last More Than a Week" along the East Coast, says the Journal. "New York City’s subways could take between 21 days and several months to be restored," reports the website Quartz. But the stock market is reopening today, as critics continue to fault the exchanges for insufficient disaster preparedness. (By the way, if you heard rumors yesterday about the New York Stock Exchange trading floor being...

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It's Time to End the Tarp Profitability Myth

10/31/12

Press releases continue to repeat Treasury's nonsensical claims about the "profit" the program has produced for taxpayers. But it remains to be seen whether not letting banks go out of business actually benefited anyone.

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To Succeed, Bank Managers Must Play a Team Game

10/30/12

The truest way to reach your personal goals is to show your people, in actions and words, that your priority is helping them reach theirs.

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Don't Expand Uninsured Banking - End It

10/30/12

Banking powers, specifically the power to accept demand deposits, should be limited by Congress to institutions qualifying for federal deposit insurance. Otherwise we face uncontrolled systemic risk from inconsistently regulated entities.

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Sandy's Destruction Inspires Deep Thoughts About Bank Risk Management, Economics

10/30/12

Receiving Wide Coverage ...

'Water, Fire, Darkness': Hurricane Sandy is wreaking havoc on the East Coast. Streets are flooded, millions are without power, dozens of homes have been destroyed by a fire and a nuclear plant in New Jersey is on, well, low-to-medium alert. The New York Stock Exchange will be closed for a second straight day Tuesday, a decision that the Journal says is raising questions about the market's disaster preparedness. NYSE and other exchange...

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Has OCC's Ability to Monitor Interest Rate Risk Been Compromised?

10/30/12

After absorbing the OTS, the OCC abandoned a comprehensive and sophisticated approach to monitoring interest rate risk.

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Hold On, Convenience Just May Lead Consumers to Mobile-Pay

10/29/12

Two shopping experiences and a well-timed commercial from Isis indicate tapping a payment-capable phone against a reader may, in fact, be so much easier than swiping a plastic card ... so long as merchants have complete buy-in.

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