Bankruptcy Blogs

Morning Scan: President Trump; Companies Rethink Incentives for Salespeople

11/09/16

Breaking News This Morning ... Trump triumphs: Global financial markets dropped sharply in the initial reaction to Donald Trump's unexpected victory in the U.S. presidential race. Stocks in Asia and Europe dropped sharply, bond prices fell and the Mexican peso plunged, but gold prices jumped higher. The Republicans held onto their control of both houses of Congress. Wall Street Journal, Financial Times, New York Times Â...

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Why Big Banks Would Do Well to Spin Off Credit Cards

11/08/16

It is premature to say whether criticism of cross-selling and calls to break up the big banks will lead to action, but there is one area where a spinoff could actually be in the banks' interest.

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There Is No Cookie-Cutter Customer Experience

11/08/16

Making customer experience consistently good is a priority, but it's not enough. Great experiences in the future will be tailored to individual needs and preferences.

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Morning Scan: Hackers Steal from U.K. Depositors

11/08/16

Receiving Wide Coverage ... British bank hacked: Tesco Bank, a unit of U.K. grocery chain Tesco PLC, said Monday that hackers stole money from customer accounts over the weekend, earning the bank "the rare and dubious distinction of losing customer money in a cyber-attack," in the words of the Wall Street Journal. CEO Benny Higgins said about 20,000 accounts had money stolen from them. "Although the numbers are small, the incident is the stuff of nightmaresÂ...

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Banks Need More Concrete Regulatory Steps on De-Risking

11/07/16

Guidance on regulatory expectations is helpful, but it is not yet clear whether such guidance gives financial institutions impetus to onboard or keep clients they perceive to be riskier.

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Hillary Clinton, Elizabeth Warren: Banking Frenemies

11/07/16

If the Democratic nominee wins the presidency, she could quickly face opposition from within her own party regarding her moderate views on banking and economic policy, particularly from Sen. Elizabeth Warren.

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Morning Scan: Bonus Bummer; HSBC Reports Loss

11/07/16

Breaking News This Morning ... HSBC reports: Shares of HSBC jumped 4% Monday after the bank said its main capital ratio rose to 13.9% at the end of the third quarter from 12.1% at the end of June, raising hopes of a dividend increase. Still, it was hardly a great quarter for the bank, as it reported a $204 million net loss versus a $5.23 billion net profit a year earlier. The results included a $1.7Â...

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Headlines from Recent Bank Scandals Are Their Own Problem

11/04/16

Revelations from the last several weeks once again underscore the need for effective reputational risk management.

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Tinder for CDS?

11/04/16

Dealers occupy an important position in financial markets, essentially serving as central nodes that match buyers and sellers of all types of instruments.  Sometimes the dealer itself will serve as the ultimate buyer or seller, but frequently they are running (or attempting to run) matched books of buyers and sellers.  In short, dealers are really just matchmakers.  So here's the thing:  we've seen how human matchmaking can be entirely replaced by (1) algorithms and (2) apps.  For algorithms, that's just stuff like Match.com or eHarmony.  And for apps, well, there's Tinder, etc.

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It Shouldn't Be So Hard to Dump Your Bank

11/04/16

The spotlight on unethical sales practices at banks has likely led customers to consider abandoning their financial institution, yet too many factors stand in the way of making a switch.

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