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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

  • Bitcoin as a Smart Contract Platform
    posted on March 30, 2015
    Distributed Ledger Platforms may be Getting All the Hype but the architecture of Bitcoin is more sophisticated than many people realise I was a guest of the Financial Services Club Scotland last week. I presented an update on the world of cryptocurrencies to an engaged and well-informed audience in the library of the Royal College of […]
  • A Central Bank "cryptocurrency"? An interesting idea, but maybe not for the reason we think
    posted on March 5, 2015
    The retail use-cases get all the press... but the killer-app for digital central bank money might be smart contracts This post on a concept called "FedCoin" by David Andolfatto of the St Louis Fed raises the really interesting possibility of a world with central-bank-issued digital assets which can be held by a broad range of people. […]

HR Sagacity


Capital and Prudential Standards Blog


The Financial Brand


The National Bank Examiner


  • posted on March 18, 2015

  • posted on January 24, 2015

Nick Dunbar

  • Borges, Babel and the race against the machine
    posted on April 8, 2015

    In a world of information, the way we measure combinations of words or ideas is important. Some people say it might even save humanity. Last year, economists Eric Brynolfsson and Andrew McAfee suggested that increasing combinations of business ideas could save us from being supplanted by intelligent machines.

    Like any powerful algorithm, combinatorics is … Continued

  • Why Goldman nearly failed the stress test
    posted on March 5, 2015

    Last week's Federal Reserve stress test results produced a surprise: under a 'severely adverse' scenario, a key Goldman Sachs capital ratio came within shouting distance of its regulatory minimum. The scenario may be hypothetical but performing worst among the biggest American bank holding companies is more than a slight embarrassment for Goldman. It could put … Continued


Interfluidity

  • Tangles of pathology
    posted on April 8, 2015
    Trilemmas are always fun. Let’s do one. You may pick two, but no more than two, of the following: Liberalism Inequality Nonpathology By “liberalism”, I mean a social order in which people are free to do as they please and live as they wish, in which everyone is formally enfranchised by a political process justified […]
  • Surge!
    posted on December 30, 2014
    So-called “surge pricing” is not the main thing to worry about with Uber. Investors who value the ethically challenged firm at an astonishing $40B have made a cynical (also ethically challenged) bet that “network effects” will permit the firm to basically own the 21st century successor to the taxi industry. Our main concern should be […]

Tomorrow's Transactions


The D&O Diary

  • Securities Suits Hit Companies Using Stock Promoters
    posted on April 23, 2015
    When plaintiffs' lawyers filed a complaint against the company earlier this week, Cellular Biomedicine Group became the latest firm to be hit with a securities class action lawsuit relating to the company's alleged use of a stock promotion firm. There were a number of companies hit with similar lawsuits last year, as I noted at… Continue Reading
  • Advisen Report: Decline in Corporate and Securities Lawsuit Filings Continued in First Quarter
    posted on April 23, 2015
    The recent trend toward declining numbers of corporate and securities lawsuit filings continued in the first quarter of 2015, according to a report from the insurance industry information firm, Advisen. If the level of activity in the year's first quarter were to continue for the rest of the year, the number of new corporate and… 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

  • The Credit Derivatives Mailbag
    posted on February 3, 2015
    Some recent press articles have raised questions about the process for determining whether a credit event has occurred and therefore whether credit derivatives should trigger. Many of the articles have focused on the ISDA Credit Derivatives Determinations Committees (DCs). So, … Continue reading
  • Storm Warnings
    posted on January 27, 2015
    As the eastern US hunkers down in the face of a potential historic snowfall, a storm of a different sort hit the derivatives markets yesterday, courtesy of The Wall Street Journal. The article claims there has been little change in … Continue reading

Portals and Rails

  • Fed Survey Shows Mobile Banking on Rise in Southeast
    posted on April 20, 2015
    In August 2014, the Retail Payments Risk Forum conducted a mobile banking and payments survey of financial institutions in the Sixth Federal Reserve District. (The Sixth District comprises Alabama, Florida, Georgia, and portions of Louisiana, Mississippi, and Tennessee.) The Federal...
  • Leaving a Cybersecurity Legacy
    posted on April 13, 2015
    On April 1, the current administration's fourth executive order related to cybersecurity was signed into action. This executive order shows an ongoing commitment to securing cyberspace. In 2009, the executive office released its Cyberspace Policy Review, which triggered a flurry...

Bank Lawyer's Blog

  • Do Not Go Gentle Into That Good Night
    posted on April 22, 2015
    This post has absolutely nothing to do with banks or banking law. On the other hand, it involves a dark fantasy that many of us harbor, but few of us live out: killing your computer. When ctrl + alt +...
  • Lizzie Warren's Latest Bad Idea
    posted on April 19, 2015
    Writing in Forbes, Tim Worstall dissects Elizabeth Warren's recent call for a tax on financial transactions and discovers that it's not only cancerous, but DOA. He first restates Warren's announced purpose for the tax. Among specific legislative steps Warren wants...

The Bankwatch

  • Scoble gets it right on Tidal
    posted on April 23, 2015
    I have kind of lost touch with Scoble since he published on different sites that forced me to follow him. However I still seek him out and fundamentally agree with his philosophy. His commentary on Tidal supports my early agreement with his views. “Who wants to listen to a bunch of rich people telling you […]
  • Wall-Mart Executive says Chip & Signature is worthless
    posted on April 6, 2015
    Finally the voice of reason from a US retailer. Wal-Mart Treasury Exec: Chip & Signature is 'Worthless' Cook told CNNMoney that migrating to chip-and-signature is barely an improvement over magnetic-stripe cards, and said that Wal-Mart would have supported moving to a chip-and-PIN system. "The fact that we didn't go to PIN is such a joke," […]

Celent Banking Blog

  • More comments on the "branch is dead" debate
    posted on April 23, 2015
    *As mentioned in an earlier blog, the persistence of the "branch is dead" debate seems to be to betray the deeply invested interests on each side of the debate. In many financial institutions, digital and physical channels still have separate reporting structures (Figure 1). In Celent's October 2014 survey of North American financial institutions, we […]
  • Spring musings on UK banking innovations
    posted on April 21, 2015
    One of the great advantages of being a Celent analyst is that we're able to look at banking advances around the world and share what we learn with our clients and readers. This week I'd like to focus on a few interesting developments in the United Kingdom. The unifying theme this time around is innovation […]

CreditSlips

  • "Quicken" the Development of the Law
    posted on April 21, 2015
    Over the last few years, the US Department of Justice has reached settlements with nearly every major lender with regard to the lending procedures for FHA (Federal Housing Administration) loans. The legal basis for the settlements were alleged violations of...
  • Thanks for the chance to post.
    posted on April 21, 2015
    Thanks to the folks who run Credit Slips for the opportunity to post. I hope to be back in a few months with musings about the following: Since the CFPB has very limited authority over auto finance, and since securitization...

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...

GonzoBanker

  • Welcome to New Marketing Muscle
    posted on April 14, 2015
    Who cares how many years a bank has been gathering and lending money?
  • Are You 'Deal Ready'?
    posted on April 2, 2015
    While we all wait for economic expansion to drive the demand for credit, commercial lenders should be making their clients and prospects "deal ready."

Inside the Underbanked

  • Show me the Money
    posted on April 23, 2015
    Everyone in the financial services industry is very excited about the digitization of money.  How exciting it would be to forego cash (and those annoying checks), in favor of a more efficient world of commerce and assets.  At the hand of Bitcoin, the argument goes, or Apple Pay, or what-not…
  • It's not just the Underbanked who are Underbanked
    posted on February 11, 2015
    We’re all underbanked.  A lion-share of Americans aren’t “making bank.”  Most of us simply don’t earn enough to support a basic standard of living.  Yes, there is a big part of our population that poorly utilizes banks and therefore over-utilizes expensive solutions that leave most of their customers poorer.  The larger reality is that the…

Javelin Strategy & Research

  • Mobile Wallets Merry-Go-Round
    posted on April 8, 2015
    Mobile Wallets Go Up Apple Pay's long awaited release last October ignited a furry of moves, announcements, and acquisitions in the mobile wallet space. For a full analysis, check out our new report: 2015 Gang of Five: Apple Pay vs. Android Pay vs Samsung Pay vs PayPal "Pay"?.   Samsung is Apple's top competitor for...
  • The Kids Want Chat
    posted on March 30, 2015
    Can you guess Gen Y's most used feature on a mobile phone? Here's a hint:  isn't making phone calls. The most popular mobile feature among Gen Y is texting. Consequentially, the today's hottest apps cater to Gen Y's need to talk through their thumbs: Yik Yak, What's App, Messenger and Kik being just a few...

Liberty Street Economics

  • Credit Supply and the Housing Boom
    posted on April 20, 2015
    There is no consensus among economists as to what drove the rise of U.S. house prices and household debt in the period leading up to the recent financial crisis. In this post, we argue that the fundamental factor behind that boom was an increase in the supply of mortgage credit, which was brought about by securitization and shadow banking, along with a surge in capital inflows from abroad. This argument is based on the interpretation of four macroeconomic developments between 2000 and 2006 provided by a general equilibrium model of housing and credit.
  • At the New York Fed: Chapter 9 and Alternatives for Distressed Municipalities and States
    posted on April 17, 2015
    On Tuesday, April 14, the Federal Reserve Bank of New York hosted an all-day workshop entitled Chapter 9 and Alternatives for Distressed Municipalities and States. The workshop was jointly organized and sponsored by the Volcker Alliance and George Mason University's State and Local Government Leadership Center. The event brought together key experts, practitioners, and researchers on the subject of fiscal distress at the state and local level. The aim of the session was to foster discussion on the role of Chapter 9 of the U.S. Bankruptcy Code, alternatives for distressed governments, and strategies to avoid stress and achieve good fiscal outcomes.

Netbanker

  • Feature Friday: Capital One Partners with Uber for Discounted Rides
    posted on April 24, 2015
    This week, Capital One launched a national marketing promotion with Uber that provides a 20% rebate on rides for one year. And unlike many (most?) card offers, it's good for both new and existing Capital One customers. However, it applies only to the bank's Quicksilver cash-back card, so...
  • The Netbanker Blog Moves to Finovate.com
    posted on April 13, 2015
    I started the Netbanker blog 11 years ago with three sentences about the new "local option" for Google Adwords. Initially, it was a password-protected service exclusively for our Online Banking Report subscribers. But in 2006, we followed global trends by...

Zoot Blog

  • Regulation + Culture = An Asset or Liability?
    posted on April 23, 2015

    Regulation has been perceived in the financial industry as a punitive measure meant to prevent bad behavior. Right or wrong that perception needs to change. This begins with changing the role of regulators--from a role that focuses less on signing paperwork to one that helps banks evolve their culture to do what is right for … Continue reading →

  • What's holding up your mobile bank?
    posted on April 22, 2015

    Mobile banking, practically anything mobile, is all the rage these days. You can’t attend a financial industry conference or read a banking publication without seeing a strong focus on the innovations, strategies, and solutions for a digital world. While they range in sophistication and functionality, almost every financial institution--regardless of size-- has some type of … Continue reading →

 
 
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