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Morning Scan: Jobs Data Could Tip Scales on Rate Hike; Diversity in Tech

09/04/15

Editor's note: Morning Scan will not publish on Monday, Sept. 7 in observance of the Labor Day holiday. We'll be back on Tuesday, Sept. 8. Receiving Wide Coverage ...

A Very Important Jobs Report: Bankers are among the many holding their breath for Friday's job report, which is expected to play a big role in the Federal Reserve's decision about whether to begin raising interest rates in September. The latest numbers indicate the economy added 173,000 jobs...

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Regulators, Don't Drain Dark Pools

09/03/15

Dark pools have a bad reputation these days Â-- but they also reduce the transaction costs of large trades and help provide the market with liquidity. That's why regulators need to ensure these platforms fulfill their intended purpose instead of simply shutting them down.

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Women in Banking: Cover Girl Blythe Masters; Annie Leibovitz's Bank Ads

09/03/15

Blythe Masters talks up the blockchain in a magazine cover story, noted photographer Annie Leibovitz has been hired to shoot portraits of women and entrepreneurs as part of a bank marketing campaign; itÂ'll only be a mere 28 years for women to achieve boardroom parity; and we want to hear about outstanding millennials in banking please.

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Morning Scan: Rocky Transition to Chip Cards; Secrets of Saving

09/03/15

Receiving Wide Coverage ...

Moynihan Under the Microscope: The drumbeat to force Bank of America chief executive Brian Moynihan to give up his additional role as chairman keeps getting louder. The Financial Times reports proxy adviser Glass Lewis is recommending shareholders vote against the board's decision to combine the chairman and CEO role. Major B of A investors including Norges Bank Investment Management and two public pension funds have also come out against the merged roles....

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Morning Scan: Volcker Rule Puts Leash on Banks; FHA's Peace Offering

09/02/15

Wall Street Journal

Recent stock market swings provided a chance to see the Volcker rule in action. The paper reports big banks made only a small portion of trades for themselves amidst the market volatility of the last two weeks, instead focusing on making bets on behalf of their clients. This is in keeping with the design of the Volcker rule, which aims to preserve the safety and soundness of the financial system by restricting banks'...

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Morning Scan: Blythe Masters' Second Act; Should BofA Split CEO-Chair Role?

09/01/15

Receiving Wide Coverage ...

Back in Action: Bank of New York Mellon staffers could probably use a nap right about now. The Wall Street Journal reports employees worked through the night to update pricing on mutual and exchange-traded funds, putting an end to the problems that began with a software glitch at the bank's vendor SunGard a week ago. The fund valuations at 46 companies were thrown off by a software update gone awry, according to...

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Morning Scan: Presidential Candidates Split on Wall St.; Banking Barney Frank

08/31/15

Receiving Wide Coverage ... Interest Rate Outlook: The Wall Street Journal suggests the Fed is likely to stick to the plan to raise rates before the end of the year, based on discussions at the Federal Reserve Bank of Kansas City's annual policy retreat in Jackson Hole, Wyo. Market volatility and economic troubles in China aside, the paper says, a majority of Fed officials think the U.S. is largely on track for a quarter-percentage point increase. Â...

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Morning Scan: Mixed Opinions on Interest Rate Hike; BNY Mellon Glitch Update

08/28/15

Receiving Wide Coverage ...

Mixed Signals: The backlash to the backlash has begun. After the China-infused market meltdown, hopes were dashed for a September rate hike, with voices ranging from Larry Summers to William Dudley calling the timing into question. Now we hear voices calling out, according to reports in the Wall Street Journal, New York Times and CNBC, to quit dragging your feet and get on with it. ...

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Women in Banking: Shih's UBS Success Story; Banking's Power Couples

08/27/15

UBS' Kathryn Shih attributes part of her success in wealth management to understanding that money is an emotional topic; #TheNew10: still not thrilled about Jackson > Hamilton; banking power couples; and more.

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Spa Days and Office Beers Won't Solve Your Bank's Talent Problem

08/27/15

Companies miss the mark when they try to woo top talent with tantalizing perks rather than a meaningful workplace culture.

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