BankThink

Mystery Solved: Why Elizabeth Warren Had to Leave that Hearing

07/06/11

Inquiring minds have been dying to know: who was Elizabeth Warren rushing to meet when she left a House Oversight subcommittee hearing after a dispute with the chairman?

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One Big Lesson for Banks from the Four Seasons

07/05/11

The "luxury" experience at a recent Four Seasons hotel stay was not produced by facilities. It was produced by human interaction.

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The 20% Solution: Risk Retention Will Help Reprivatize Mortgages

07/05/11

The proposed definition of QRM would restore investors' trust in home loan standards. Don't we want to wean the market off federal support?

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Final Durbin Rule Clinches It: "Prepaid" Cards Subject to Fee Cap

07/01/11

The Fed calls out what many bankers failed to notice: Highly successful, rapid growth products labeled as "prepaid cards" are not in fact prepaid cards, they are electronic transaction accounts.

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Six Reasons Why Sheila Bair Should Be the Next Treasury Secretary

07/01/11

The atmosphere in D.C. is hyper-partisan, a presidential election is looming and the economy is barely limping along. We need someone who has credibility with both political parties, experience working in a crisis situation, and the ability to get things done. That person is Sheila Bair. Why? Let's count the ways.

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No, Banks Aren't 'Sheltered and Subsidized'

07/01/11

The size of JPM's derivatives book reflects the preferences of counterparties and its own risk management policies. It has nothing with deposit insurance or being too big to fail.

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Higher Capital Requirements for Community Bankers Inevitable

06/30/11

It's hard to imagine that new systemic capital requirements for large banks will not raise the expectations for community banks.

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Fed: Interchange Rule Not Our Fault

06/30/11

Despite a 4 to 1 vote by the Federal Reserve Board on its final interchange rule, one thing all the governors could agree on was this: Don't blame us, Congress made us to do it.

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The Durbin Rule May Be Final, But the Polictial Fight Isn't

06/30/11

The payments industry couldn't have asked for a more accommodating implementation of a nasty piece of legislation. So where does the payments industry go from here? Issuers should explicitly brand new fees "Durbin fees."

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The PR Mastermind Who Coined the Term 'Swipe Fees'

06/29/11

Taylor West saw that the Martian-sounding word "interchange" went over the heads of small business owners who could be rallied to a cause. If only bankers grasped the power of language so well.

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