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 July 21, 2014

  • posted on May 18, 2014

Nick Dunbar

  • Volcker Sunlight Should be the Best Disinfectant
    posted on July 25, 2014
    On the fourth anniversary of the Dodd-Frank Act, the big US banks are still black boxes in terms of their trading activity. However regulators are now getting a bit more information. Over the last month, the big banks have started providing them with so-called reporting metrics under the Volcker Rule, so that the rule's curbs […]
  • The Mismeasure of Finance
    posted on March 3, 2014
    Britain's finance industry is believed to be so vital to our interests that the UK government has apparently ruled out denying the Russians access to it. Being beholden to this sacred cow makes people uneasy, for example Sir Howard Davies, who published a comment article last week where he warned about the damaging impact of unrestricted […]


  • Welfare economics: housekeeping and links
    posted on July 11, 2014
    A correspondent asks that I give the welfare series a table of contents. So here’s that… Welfare economics: Introduction The perils of Potential Pareto Inequality, production, and technology Welfare theorems, distribution priority, and market clearing Normative is performative, not positive I think I should also note the “prequel” of the series, the post whose comments […]
  • Welfare economics: normative is performative, not positive (part 5 and conclusion of a series)
    posted on July 7, 2014
    This is the fifth (and final) part of a series. See parts 1, 2, 3, and 4. For those who have read along thus, far, I am grateful. We’ve traveled a long road, but in the end we haven’t traveled very far. We have understood, first, the conceit of traditional welfare economics: that with just […]

Tomorrow's Transactions

The D&O Diary

  • Whistleblower Bounties: A Good Idea? UK Regulators Say No
    posted on August 1, 2014
    When Congress passed the Dodd-Frank Act four years ago, one of the legislation's signature features was the creation of potentially massive bounties for whistleblowers that reported financial fraud to the SEC. The possibility of recovering a bounty, which could range from ten to thirty percent of recoveries over $1 million, seems to have encouraged whistleblowers … Continue Reading
  • Second Circuit Vacates Dismissal of JinkoSolar Securities Suit
    posted on August 1, 2014
    In an interesting July 31, 2014 opinion (here), the Second Circuit vacated the dismissal of the securities class action lawsuit that had been filed against JinkoSolar Holdings Co. Ltd, and certain of its directors and officers, as well as against its offering underwriters. This ruling will be of interest to many readers because it involves … 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

  • Where's the Mobile Payment?
    posted on July 28, 2014
    I was a big fan of the '80s Wendy's commercials that featured an older woman uttering the phrase, "Where's the beef?" I recently found myself muttering something similar to myself: "Where's the mobile payment?" In early July, I came across...
  • How Much Will Chip-Card Technology Affect ATM Owners?
    posted on July 21, 2014
    Last week, my colleague Doug King wrote a post about the impact of the migration to chip-card technology on financial institutions that issue cards, with a focus on the smaller issuers. What happens with ATMs is an aspect of the...

Bank Lawyer's Blog

  • We Won't Tell What To Do Until After We Punish You For Not Doing It
    posted on July 29, 2014
    The CFPB isn't the only federal government agency that is promulgating new "regulations" by enforcement action. According to yesterday's American Banker (paid subscription required), the OCC's been playing the same game, especially with the BSA. Few dare talk about their...
  • Shaming The Shameless
    posted on July 27, 2014
    While we're sure it's merely a coincidence, hot on the heels of the letter that Rep. Pete Sessions sent to the Treasury Department's Inspector General that complained about the repeated failure of the Comptroller of the Currency to issue a...

The Bankwatch

  • As American fans chanted "U-S-A! U-S-A! U-S-A!" the Germans countered with, "N-S-A! N-S-A! N-S-A!"
    posted on July 19, 2014
    While football (soccer to North America) fans may not, as a group apparently represent the intellectual elite,they do reflect the practical & political reality. On June 26th, 2014 when USA and Germany played each other in the World Cup, the brilliantly social reflective fans got straight to the true core of international relations. World Cup […]
  • Apple and IBM enter enterprise market together
    posted on July 15, 2014
    This seems like a seminal moment for Enterprise devices that to date were officially owned by Blackberry. Apple and IBM Forge Global Partnership to Transform Enterprise MobilityFiled under: Uncategorized

Celent Banking Blog

  • Facebook Banking: Don't Bank on it
    posted on July 23, 2014
    On May 5th 2014, La Caixa, one of Spain's largest financial institutions, officially announced the launch of a Facebook app that provides users access to online banking features through the Facebook platform. It's just the second bank in North America and Europe to launch a Facebook banking app, and, as far as Celent is aware, […]
  • We're back...a brief expanation of our absence
    posted on July 22, 2014
    You may have noticed that our blog has been rather...inactive...over the last several weeks. We were hit by a virus and it (of course) took longer than we thought to get back up and running. The complexities involved in fixing what would seem to be a relatively innocuous problem serve as a not-so-gentle reminder of […]


  • Where Do We Go Now?
    posted on August 1, 2014
    Axl Rose may have said it best, but "where do we go now" was the theme of today's Argentina hearing. There wasn't really any official business to conduct. Unless you count all those pending motions about whether Bank of New...
  • Injunction Math: Acceleration and the Incredible Shrinking Payment Percentage
    posted on July 31, 2014
    If some or all of Argentina's Exchange Bond holders accelerate their bonds after last night's default, the amount Argentina owes NML et al. under the terms of Judge Griesa's injunction could plummet. Here is the relevant language: Such "Ratable Payment"...

CU Soapbox

  • 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...
  • There Are No "Quiet Exits" in the Payment Game
    posted on June 17, 2014
    by Ron Daly By now, you've likely heard the news that the Approved Card, the prepaid financial product promoted by none other than Suze Orman, is shutting down. You probably remember a few years ago when much ruckus was raised...


Inside the Underbanked

  • Respek for Babak Armajani
    posted on June 3, 2014
    There are, no doubt, many influences that play out on anyone's career.  No different for me.  One of my most important ones was Babak Armajani.  He died a year ago, today. Babak had nothing to do with financial services for the emerging middle class, economic development, or financial inclusion.  To make things worse, perhaps, he was […]
  • Next PayDay: Govern Google
    posted on May 14, 2014
    I began to explore new solutions for payday lending in this op-ed in the American Banker. The response (at least based on my Twitter feed) has been outspoken, with many perspectives for and against. I thought I'd use the opportunity to go into further depth on my blog. Google Self-Governance on Ad Words for Payday Lenders In […]

Javelin Strategy & Research

  • Square Peg, Square Hole
    posted on July 31, 2014
    It was inevitable really that @Square would have come out with an EMV capable card reader sooner or later. Turns out it was sooner. Yesterday in fact. And in doing so, they answered a lot of lingering questions I had. Notably, how do you move from a business model built around distributing m-POS readers for Read the rest of this entry »
  • CrIsis
    posted on July 1, 2014
    In three years there will be a movie released, starring Jonah Hill. It's about an ambitious and successful PR executive for an exciting new electronic payment system called "Ares" that's set to revolutionize the way that people buy things with their phones. The name choice for the brand is made by a small and forceful Read the rest of this entry »

Liberty Street Economics


  • 2015 Digital Banking Strategic Planning (Part 1)
    posted on July 31, 2014
    I was on a call today with the digital strategy committee of a large U.S. bank. It was clear from their line of questioning that they are grappling with how to prioritize among the many major opportunities on the digital...
  • Winning Checking/Deposits from Established Small Businesses
    posted on July 24, 2014
    I was asked recently what it would take for me to move my business deposit relationship. My immediate answer, "there is nothing you could do to get me to move." We have only changed banks once in our 20-year history,...

Zoot Blog

  • Machine Learning Can Reduce Fraud Risk and Improve Profitability
    posted on July 30, 2014

    The digitization of financial transactions and growth of mobile banking have tremendously increased the amount of information banks need to evaluate for fraud. This presents new challenges to Chief Risk Officers who use human analysis of these large data sets to identify new risk threats. The answer lies in using automated analysis of data, or … Continue reading →

  • Successful Digital Banking Comes From a Mobile First Strategy
    posted on July 22, 2014

    There are new mobile capabilities announced daily for many industries and banking is no exception. While the adoption of mobile banking is still a slow movement, with companies like Snapchat filing trademarks to offer mobile payments services financial institutions must be prepared to meet consumer demand for this channel. What many are discovering is that … Continue reading →

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