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Morning Scan: Tsipras Softens Greek Demands; Will Fintech Kill Universal Banks?

07/01/15

Receiving Wide Coverage ...

Ch-Ch-Changes: Fintech will be shaking up the banking industry for years to come, according to a report from the World Economic Forum and Deloitte. The wide-ranging report instructs banks to prepare themselves for a state of near-constant disruption as tech firms alter consumers' expectations by making financial services faster and cheaper. The Wall Street Journal notes the reports' authors also arranged meetings between old-school behemoths like Visa and JPMorgan Chase and upstarts...

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The Next Big Challenge for Bank Chief Risk Officers

06/30/15

The financial crisis and its aftermath elevated the stature of CROs. The true test of their new clout will come during the next market expansion.

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Morning Scan: JPMorgan Upgrades Prepaid Cards; Who's Afraid of a Grexit?

06/30/15

Receiving Wide Coverage ...

All Eyes on Greece: Now that Greece has closed its banks for at least a week in order to avoid a run as bailout negotiations with the European Union have stalled, speculation is rampant about how the emergency measure will play out. The Wall Street Journal warns Greek banks may not have enough cash on hand to get through the week if all of the country's residents withdraw the maximum amount permitted...

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Bank Culture Can't Be Measured in Scorecards

06/29/15

Culture is measured in the good banks do for communities and customers, employees and shareholders. That kind of culture must be built over generations.

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Morning Scan: Greece Shutters Banks as Crisis Intensifies; Fintech's Many Fans

06/29/15

Receiving Wide Coverage ...

Greece Bank Shutdown: Greece has closed its banks for the next six days and imposed capital controls in an effort to avert financial panic as the country edges closer to a potential exit from the eurozone. Over the weekend, steady streams of depositors had already emptied many ATMs in Athens, according to the Wall Street Journal. The rapidly escalating Greek debt crisis rattled global markets Monday, with the S&P 500 on track...

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Morning Scan: Disparate Impact Survives; CFPB Unleashes Complaints

06/26/15

Receiving Wide Coverage ...

Disparate Impact Sticks Around: The Supreme Court backed the "disparate impact" legal theory yesterday in a decision that dashed the hopes of banks while buoying housing advocates and the Obama Administration. Justices came to a 5-4 decision affirming that plaintiffs can sue organizations under the Fair Housing Act of 1968 by alleging that their housing practices disproportionately impact minorities, even in the absence of proof of intentional discrimination. The New York Times...

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Morning Scan: Reputational Challenges; Home Loans Get Riskier

06/25/15

Receiving Wide Coverage ...

Regaining a Good Name ... Slowly: Americans trust banks more now than they did in 2012Â--but that's a pretty low bar to clear. Twenty-eight percent of people say they have a lot of confidence in banks, up from 21% the last time the survey was conducted three years ago, according to a June Gallup survey of 1,527 adults. While the American Bankers Association's blog appeared heartened by the improvement, other op-eds say...

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Women in Banking: Heidi Miller's New Gig; #TheNew10

06/24/15

Former JPMorgan Chase executive Heidi Miller was added to the board at M&A services provider SRS Acquiom. Before she retired, Miller was a fixture in American Banker's Most Powerful Women rankings from 2003 to 2010 and topped the list from 2007 to 2009.

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Women in Banking: #TheNew10; Heidi Miller's New Gig

06/24/15

Which woman would KeyCorp's Beth Mooney or Citi's Suni Harford put on the new $10 bill? See the top picks from some of our favorite women in banking.

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Morning Scan: Housing's Uneven Recovery; Digital Banking on Dates

06/24/15

Receiving Wide Coverage ...

An Uneven Recovery: Home prices are appreciating in wealthier areas, but values in poorer towns continue to lag behind, the Wall Street Journal reports. In the working-class suburb of Lithonia, Ga., for example, 54% of homeowners are underwater; the same is true of 15% of homes worth less than $200,000 nationwide, compared to just 6% of homes worth more than $200,000. One way to help struggling homeowners could be to slash the...

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