BankThink

Will QE3 'Spell Doom for Financial Business Models'?

08/31/12

Receiving Wide Coverage ...

Fed Watch: The papers preview the speech Chairman Ben Bernanke is scheduled to deliver today at the central bank's annual retreat in Jackson Hole, Wyoming. "He must once again address whether there is more the Fed can do to get the economy going and whether it is worth taking chances on controversial new programs," says the Journal. "All along he has argued these efforts are worth it and appears likely to stick...

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You Can't Regulate Two Types of Banks with One Law

08/31/12

Dodd-Frank, aimed at restoring confidence in the so-called Wall Street banks, had a devastating effect on Main Street banks, and is now threatening their long-established role as the backbone of the American Dream.

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The Government's Perfect Storm Caused the Financial Crisis

08/30/12

Despite warnings of the potential dire consequences, a steady stream of government policies enabled and encouraged banks to make mortgages to people who could not afford them.

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How to Make Customers Love Your Bank

08/30/12

In order to increase loyalty, financial institutions need to embrace social media, increase value to retain existing customers and use data to design competitive rewards programs.

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Barclays Has a New Boss to Deal with the Fresh Probe Started by Serious Fraud Office

08/30/12

Receiving Wide Coverage ... Barclays Is Very Busy: The British bank named Antony Jenkins, its head of retail and business banking, as chief executive. The Journal says the move may represent "a shift in focus" away from investment banking as Barclays tries to revamp its image following its involvement in the London interbank offered rate scandal. Soon-to-be-board chairman David Walker told the FT "it was clear that Antony was the outstanding choice" and called his track...

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Eminent Domain Will Drive Homeownership into the Sunset

08/30/12

Should San Bernardino's plan to seize underwater mortgages through eminent domain move forward, its home values would likely plummet and local credit would dry up.

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Do You Buy Treasury's Claim That Dodd-Frank Aids Small Banks?

08/29/12

The Treasury Department has released an infographic outlining how the financial reform legislation helps to strengthen Main Street banks. Do you agree Dodd-Frank creates a level playing field for financial institutions?

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Stop Sending Me Bitcoins, Please!

08/29/12

After I wrote a post last week expressing optimism about this technology's potential, several generous Bitcoin fans sent me small donations of the virtual currency. Thank you. Now stop. Please.

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Combining Fannie and Freddie: The Logical Next Step

08/29/12

Calls from various constituencies in the business to establish a single mortgage-backed security are sensible. But why stop there?

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Tepid Profit Picture for Banks; Watch Out for 'Citizens Arrests'

08/29/12

Receiving Wide Coverage ...

Mixed Bag: The FDIC's quarterly banking profile showed loan growth (encouraging), continued loan-loss reserve releases (nice, but unsustainable) and continued squeezing of net interest margins (not so good) for the second quarter. "The lack of wind in banks' sails ... helps explain why [stock] valuations are downbeat," says the Wall Street Journal's "Heard on the Street" column. Straight news stories in the Journal and Washington Post. ...

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