The Banker's Blog Watch

Track industry talk and discussion via headline feeds from industry blogs selected by American Banker editors.
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Today's Featured Post:

Felix Salmon

Why clearXchange Is Great for Payments
ClearXchange is a clear competitor to the likes of PayPal and Popmoney, but it’s not an existential threat to those companies. Instead, the reason I like it is just that it brings peer-to-peer payments where they belong, to the level of the bank account. And it’s likely to set a new benchmark of $0.00 for the cost that consumers pay for such payments.

Thoughts on the Future of Finance

HR Sagacity

Capital and Prudential Standards Blog

The Financial Brand

The National Bank Examiner

  • posted on September 12, 2014

  • posted on September 2, 2014

Nick Dunbar

  • In the Light of What We Know
    posted on October 15, 2014

    by Zia Haider Rahman

    (Picador 2014)

    What kind of fiction do they read at Goldman Sachs? A trader I know there recently recommended In the Light of What We Know, Zia Haider Rahman's debut novel. I could see why he was intrigued when I picked the book up. Its two main characters study mathematics and physics … Continued

  • Stress Test: Reflections on Financial Crises
    posted on September 23, 2014

    by Timothy F Geithner

    (Random House 2014)

    If you had perfect foresight and were going to pick the best regulator or policymaker capable of dealing with the global financial crisis and its aftermath, whom would you choose? You'd probably want someone with a track record of dealing directly with crises, perhaps in emerging markets, and … Continued


  • Econometrics, open science, and cryptocurrency
    posted on October 17, 2014
    Mark Thoma wrote the wisest two paragraphs you will read about econometrics and empirical statistical research in general: You are testing a theory you came up with, but the data are uncooperative and say you are wrong. But instead of accepting that, you tell yourself "My theory is right, I just haven't found the right […]
  • Scale, progressivity, and socioeconomic cohesion
    posted on October 11, 2014
    Today seems to be the day to talk about whether those of us concerned with poverty and inequality should focus on progressive taxation. Edward D. Kleinbard in the New York Times and Cathie Jo Martin and Alexander Hertel-Fernandez at Vox argue that focusing on progressivity can be counterproductive. Jared Bernstein, Matt Bruenig, and Mike Konczal […]

Tomorrow's Transactions

The D&O Diary

  • Many Companies' Most Significant Regulatory Risks Are Not in Their Home Country
    posted on October 23, 2014
    When Chinese regulators hit GlaxoSmithKline with a $489 million penalty last month - the largest corporate penalty ever in China - it set off alarm bells around the world. Among other things it sent out a "wake-up call for global companies that assumed that their main regulatory risk is in their home countries," according to … Continue Reading
  • Barclays Libor-Scandal Securities Suit Survives Renewed Dismissal Motion
    posted on October 22, 2014
    The Libor-scandal based securities suit filed against Barclays and certain of its directors and offices will now be going forward. The case was initially dismissed, but on appeal the Second Circuit vacated a part of the dismissal ruling and returned the case to the district court for further proceedings. The defendants filed a renewed motion … Continue Reading

Bank Talk

Deus Ex Macchiato

  • Three quotes and an apology
    posted on May 2, 2014
    The resumption didn’t happen: sorry. I just didn’t feel like writing. Even the Michael Lewis/HFT thing couldn’t rouse me from my stupor, mostly because it is so obvious what you need to do to fix these issues*. There is a three day weekend ahead. I don’t anticipate writing much any time soon, but let me […]
  • Sorry folks
    posted on March 26, 2014
    I’m horrendously busy, and unlikely to be blogging for some weeks. Normal service might be resumed by mid-April, but more likely there will be fewer but hopefully longer posts. Happy Easter

ISDA Media Comment

  • Fireworks!
    posted on July 3, 2014
    Around the world, fireworks traditionally mark special holidays and events, and people in the US will see their fair share this weekend as the nation celebrates the 4th of July. The New York Times must also be in a celebratory … Continue reading
  • Protection Racket
    posted on May 19, 2014
    How many times have you read a story in a newspaper or magazine and thought, "The headline is pretty negative, but the story is OK"? We thought (and hoped) that might be the case when we came across this New … Continue reading

Portals and Rails

  • Let's Talk Tokens, Part III: What Problem Does Tokenization Solve?
    posted on October 20, 2014
    Portals and Rails recently embarked on a series of posts on tokenization. In the first installment, we defined tokenization and distinguished between a merchant-centric enterprise tokenization solution and payment tokens generated as an issuer-centric end-to-end solution. In the second installment,...
  • Mobile Biometrics: Ready or Not, Here They Come
    posted on October 14, 2014
    Apple's recent announcement about the release of its mobile wallet app--called Apple Pay--energized the mobile payments community. One reason for the spike of interest is Apple Pay's use of fingerprint biometrics as an additional layer of security in validating customers...

Bank Lawyer's Blog

  • The FDIC's Left Hand Slaps Its Right Hand
    posted on October 21, 2014
    I'm on vacation for a week, so y'all will be spared further abuse until at least the 29th. Before I bow out, however, I'd like to give a hat tip to the FDIC for its exercise of pure chutzpa and...
  • Coakley's Special Friend
    posted on October 19, 2014
    Massachusetts Attorney General and wanna-be governator, Martha Coakley, has tried to make political capital out of her lawsuit against the FHFA and its wards, Fannie Mae and Freddie Mac, over their policy of refusing to permit the sale of houses...

The Bankwatch

Celent Banking Blog

  • Banks vs Fin-Tech Start-Ups and the Digital Transformation Race
    posted on October 21, 2014
    The digital transformation in financial services is about the move from the physical to the virtual world, from person-to-person interaction toward person-to-machine or machine-to-machine. It is Celent's view that Integrating and coordinating among disparate and siloed delivery channels will be critical to satisfying ever-increasing customer expectations. This in part encompasses looking at how financial institutions […]
  • Busy Few Weeks in the Payments World
    posted on October 16, 2014
    It has been busy few weeks in the payments world. Not surprisingly, reaction to Apple Pay’s announcement is the hottest topic in payments. It even manages to dominate European conferences with no specific agenda items dedicated to Apple. We at Celent added our own voice to the debate by publishing a new report on Apple’s entry into payments, […]


  • Credit Risk Retention Rules and QRM
    posted on October 22, 2014
    The long awaited credit risk retention rules for securitization are out. The big question--whether the qualified residential mortgage or QRM exemption would be narrower than the CFPB's qualified mortgage or QM safe harbor to the Ability to Repay requirement for...
  • Are You Sure That's Your Testimony?
    posted on October 22, 2014
    Yves Smith has had some great coverage of the AIG bailout trail over on Naked Capitalism. While the litigation, as Yves has characterized it, is a bit like a brawl between the ugly stepsisters, it's telling us all kinds of...

CU Soapbox

  • The Hot Swappable Life
    posted on August 13, 2014
    by Ron Daly A business associate was telling me a crazy story just the other day. He was holding out his credit card to pay for lunch and I noticed it was a shiny, newly-issued card. "Just get that card?"...
  • I don't know where you are...but I know where you AREN'T.
    posted on July 16, 2014
    by Ron Daly I don't have spy satellites. I don't have access to your GPS. I'm not the NSA, nor am I Google, nor am I any other intelligence gathering agency, public or private. I don't know where you are...but...


Inside the Underbanked

  • My Comments on Underbanked Opportunity on Bloomberg TV
    posted on October 2, 2014
    Bill Gates gave a speech at Sibos today, and for some unexpected reason Bloomberg TV reached out to me to comment on why the unbanked are important.  It turned into a cool 7 minute segment on Core, how our portfolio companies are improving people's lives and how Visionaries, like Amex, are avoiding the traditional missionary and […]
  • Ford Foundation on how markets can create "justice"
    posted on September 22, 2014
    The Ford Foundation released this video today, on our venture fund, Core Innovation Capital, and how our portfolio company, Progreso, makes an impact on consumers lives, while delivering market returns.  Very nicely done piece - and we're proud to be featured.  Check it out:

Javelin Strategy & Research

  • The Inevitable ApplePay Blog
    posted on October 21, 2014
    So, the payments unicorn has finally made its way out into the world, with more conjecture and hyperbole than, well, the last time Apple did something. Much has been written thus far about ApplePay and it's going to be hard to write anything truly fresh at this point, but I will try. While the mainstream […]
  • Apple Pay Starts Today October 20, 2014 -So Why Should You Care?
    posted on October 20, 2014
     Why should you care about the Apple Pay launch? Apple iOS users are young: 60% are under age 45 Apple iOS users are wealthy: 7% have investable assets over $1 million Apple iOS users spend more: 25% more per purchase than Android users Apple iOS users spend more often: 2X as often per month as […]

Liberty Street Economics


  • Apple Pay Works (Duh), But it's No Starbucks (Yet)
    posted on October 21, 2014
    Well, that was anticlimactic. But I knew it would be. Between Starbucks mobile, Square Wallet, Google Wallet and my Discover Card contactless sticker affixed to the back, I've made a few hundred in-store purchases with my phone. So smartphone purchase...
  • Banks Gear Up (or not) for Upcoming Apple Pay Release
    posted on October 14, 2014
    If all goes well, some time within the next week Apple Pay will be up and running. Short-term it won't cause a ripple in market share or consumer behavior (see previous post), but long-term it is likely to be...

Zoot Blog

  • The Evolution of Data Management into Analytics
    posted on October 22, 2014

    It wasn’t long ago that we dreamed of having more data. Oh the problems we would solve. We quickly went from database to data-mart to data-warehouse to big data. Of course, we just learned that more data brings a host of new challenges. Soon, volume, velocity, and veracity will be solved. What’s next? Changing the … Continue reading →

  • Got wallet share? Make sure you have the technology to keep it.
    posted on October 15, 2014

    Gaining wallet share is important to banks because they want to ensure their best customers don't leave them for a better offer down the street. I'm aware of a local credit union that succeeded in capturing a consumer's accounts, then ultimately failed. There is a valuable lesson to be learned from this example--inflexible policy and … Continue reading →

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