In the aftermath of the crisis, Congress keeps piling on rules to enforce, without proportionately increasing the number or competence of examiners. Is it any wonder overstretched supervisors never asked, "What if home prices stop going up?"
Megabank CEOs want the Fed to disclose more about its stress test models. They can show good faith by supporting the international effort to make global counterparty risk transparent.
Ed DeMarco must be feeling as popular today as I did back 2004, when as director of OFHEO I faced pressure to accede to the popular sentiment that Fannie Mae could do no wrong.
USAA and Navy Federal Credit Union top a list of products per customer. Notice that the culture of USAA is totally service-oriented and decidedly not sales-oriented.
The gods of irony must be alive and well at American Banker. It's hard to think of a better explanation for the tirade against "deadbeats" from Providian founder Andrew Kahr.
One of the obstacles to an acquisition is that the offers never make it to the board. They tend to come first through the target's CEO, who stands to lose a job (and compensation) in any sale.
An influx of deposits and shortage of lending opportunities have made the investment portfolio's performance more important to a bank's success. Banks can get bigger returns from these portfolios.
In the current environment confusion has sometimes ensued over who is the proper party to commence the foreclosure - or at least over a bank's ability to prove its authority.
