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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

  • A Simple Model for Smart Contracts
    posted on February 10, 2015
    Everybody I ask has a different definition of a "smart contract"; Here's mine. I hear more and more people talking about "smart contracts" these days. But when you push them to define the term, the concept often dissolves in their hands. This isn't a new observation: Peter Todd made a similar point after sitting through […]
  • Cost? Trust? Something else? What's the killer-app for Block Chain Technology?
    posted on January 15, 2015
    Could decentralized ledgers change the face of accounting? When I speak to people about decentralised ledgers, some of them are interested in the "distributed trust" aspects of the technology. But, more often, they bring up the question of cost. This confused me at first. Think back to where this all started: with Bitcoin. Bitcoin is deliberately less […]

HR Sagacity

Capital and Prudential Standards Blog

The Financial Brand

The National Bank Examiner

  • posted on January 24, 2015

  • posted on December 30, 2014

Nick Dunbar

  • Protected: Oil price test
    posted on February 20, 2015
    There is no excerpt because this is a protected post.
  • Burning down the house
    posted on February 7, 2015

    They rated every deal, including the ones structured by cows. But were they fraudulent? Until last Tuesday, when Standard & Poor's parent company McGraw Hill paid $1.3 billion to settle a US Department of Justice lawsuit, there existed the tantalising possibility that this question about S&P's structured finance ratings business might be answered in court.



  • 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 […]
  • Some thoughts on QE
    posted on November 2, 2014
    “Quantitative Easing” — economics jargon for central banks issuing a fixed quantity of base money to buy some stuff — has been much in the news this week. On Wednesday, US Federal Reserve completed a gradual “taper” of its program to exchange new base money for US government and agency debt. Two days later, the […]

Tomorrow's Transactions

The D&O Diary

  • Cornerstone Research Releases 2014 M&A Litigation Report
    posted on February 27, 2015
    According to the latest report from Cornerstone Research, during 2014, over 90 percent of M&A transactions resulting in at least one lawsuit, but each deal attracted a smaller average number of lawsuits and in fewer jurisdictions than in past years. The report, entitled "Shareholder Litigation Involving Acquisitions of Public Companies: Review of 2014 M&A Litigation" [&hellip… Continue Reading
  • The D&O Diary Goes Down Under
    posted on February 27, 2015
    The D&O Diary is on assignment in Australia this week. Here's what you need to know about Sydney in late February - if you traverse the vast expanse of the Pacific Ocean, fly across the Equator and the International Date Line, and then finally arrive Down Under, when you get there, it is summer. Warm, [&hellip… 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

  • Payments Stakeholders: Can't We All Just Work Together?
    posted on February 23, 2015
    Coming together is a beginning; keeping together is progress; working together is success. - Henry Ford In my physics classes at Georgia Tech, I found the principles around forces, momentum, and energy sometimes difficult to comprehend and distinguish. But I...
  • Introducing Take On Payments
    posted on February 17, 2015
    Maybe you've already noticed it--it's at the top of this web page--but we've got a new name: Take On Payments, or TOP, for short. It's a change we made after a great deal of thought, internal discussion, and input from...

Bank Lawyer's Blog

  • Jamie Takes His Shots; Sheila Gets Constructive
    posted on February 24, 2015
    I guess Jamie Dimon just got tired of taking shots from people he considers to be, intellectually speaking, a few fries short of a Happy Meal. While sometimes criticized for being an apple polisher for the left, he recently made...
  • Choke Point: Not Dead Yet
    posted on February 22, 2015
    I'm not the only one who's skeptical about the effect of the FDIC's recent letter that appears to end that agency's participation in Operation Choke Point. Former FDIC Chairman Bill Isaac claims (paid subscription required) that if that program is...

The Bankwatch

  • The eternal Apple vs the rest debate
    posted on February 28, 2015
    I got into another discussion yesterday about what is bad about Apple products. Someone looked at my Mac and immediatley went into the usual tirade.  It is a familiar refrain but as someone who has used Windows, Linux and iOS/ OS X extensively I thought it time to get behind this discussion and explore why the […]
  • Net neutrality as a concept is a disaster
    posted on February 27, 2015
    Net neutrality as a concept is a disaster. President Obama has introduced a new law that contains principles which are worrying. US watchdog heeds Obama on net neutrality Advocates of the open internet principle -- known as "net neutrality" -- want to ensure that broadband providers are banned from setting up fee-based internet fast lanes […]

Celent Banking Blog

  • Towards an OS/ Device-based Mobile Wallet
    posted on February 27, 2015
    Over a year ago, we published a 2014 edition of our annual Top Retail Payment Trends Report (2015 edition is here), in which we distinguished between app-based wallets – majority of mobile payments solutions in the market at that point – and device-based wallets. We suggested that payments would become ever tighter integrated into the […]
  • Why the branch banking controversy will continue
    posted on February 26, 2015
    The branch is dead, long live the branch! Controversy around the wisdom (or not) of investing in the branch channel amidst rapidly growing digital banking adoption is showing no signs of letting up. Consider three articles published in the past week: Bank Innovation covering Associated Bank branch closures to fund digital channel initiatives. BTN coverage […]


  • Sheep, Goats, and Government Debts - Happy Lunar New Year, 1937 Edition
    posted on March 1, 2015
    Like many others, I have been struggling to figure out whether the new lunar year is a Sheep or a Goat. I found the answer last week in the archives of the League of Nations Committee for the Study of...
  • SPOE: Backdoor Bailouts and Funding Fantasies?
    posted on February 25, 2015
    I'm thrilled that Jay Westbrook has finally come into blogosphere with his posts on Single-Point-of-Entry. I've blogged a little on SPOE already, but I want to highlight what I still think are two critical problems with SPOE. In keeping with...

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

  • 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…
  • Disrupting Auto Finance
    posted on October 30, 2014
    Last year, I woke up to the sleeping giant of auto finance. Over the last decade, we've witnessed an explosion of startups building software that dramatically cuts inefficiencies in the exchange of information, goods, and services - disrupting industry incumbents in the process. In the last year, Silicon Valley is…

Javelin Strategy & Research

  • A Small Island May be Facebook's Next Big Thing
    posted on February 25, 2015
    The island nation Mauritius, home to 1.3 million, might just be the future of micro-business commerce on Facebook. Recently, Facebook discovered that one out of four locals belong to a "group" buying and selling items.  Facebook groups were not designed for this, explained P.J. Linarducci, Head of Payments and Commerce at Facebook. Speaking before an...
  • Don't Misinterpret Chase's News About Branch Closures
    posted on February 25, 2015
    Many of the headlines in the wake of J.P. Morgan's investor day fixate on the news that the banking giant plans to close hundreds of bank branches. On the face of it, that is factual. But this is akin to focusing on layoffs without accounting for hiring in other parts of a company that can...

Liberty Street Economics


  • Transaction Alerts Need to Get Smarter
    posted on February 18, 2015
    My inbox is far from normal. With 25 active financial accounts, all set to maximum notifications, I am drowning in email alerts, push notifications and other helpful communications. But who isn't overloaded with with missives from social media, news feeds,...
  • Tuesday Tactics: Creating a Winning Confirmation Page
    posted on February 17, 2015
    Over the years I've rarely been impressed with the confirmation pages displayed after a user takes an action, especially completing an online loan or product application. Today, I came across a good example of a post-sale confirmation screen from RedBubble...

Zoot Blog

  • Feeding the Mobile Addict with Responsive Web Design
    posted on February 26, 2015

    Mobile devices are transforming our lifestyles. The need for things to happen within a split second is being fed by evolving devices, applications, and constant connectivity. There are hundreds of devices from providers such as Apple and LG, and thousands of applications. Now that there are more mobile devices in the United States than people, … Continue reading →

  • There's no sense of urgency for EMV, perhaps with good reason
    posted on February 24, 2015

    After much hubbub about EMV readiness for the liability shift come October 2015, it doesn't seem like things are moving with much pace in that direction. There isn't a sense of urgency from either card issuers or retailers. What is going to be the impetus to drive change? Consumer demand.

    In January 2015, a survey … Continue reading →

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