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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

  • Introducing R3 Corda(TM): A Distributed Ledger Designed for Financial Services
    posted on April 5, 2016
    As reported in Bloomberg this morning, I'm delighted to confirm that R3 and our member banks are working on a distributed ledger platform for financial services: Corda(TM). I explain it on our official R3 blog and reproduce it here. For the last six months, my team and contributors from our membership have been building a […]
  • It's New Year... Time to change the world
    posted on January 4, 2016
    We’re hiring! Are you a talented developer? … who has experience of banking technology and a passion for blockchain technology? Can you tell your nostro from your vostro? … and do you have an intuitive understanding of why it's quite so hard to change anything in a bank?! Do you understand why Bitcoin works the […]

HR Sagacity

Capital and Prudential Standards Blog

The Financial Brand

The National Bank Examiner

  • posted on March 11, 2016

  • posted on January 25, 2016

Nick Dunbar

  • Steel and the pusillanimous pension rule
    posted on April 18, 2016
    How pension policy cowardice helped doom Britain's steel industry. Tata's decision to write off the value of its UK steelmaking business and seek a quick sale, while keeping its Dutch business, is really a story about pension regulation.
  • Crime, business and benchmark rigging
    posted on April 12, 2016
    Recent Libor rigging trials highlight the tensions between criminal prosecutions and regulatory probes into banks' business practices


  • Difference
    posted on May 15, 2016
    Matt Yglesias, with characteristic perceptiveness, points out (ht DeLong) that There are significant and salient tension between the economic and identity-oriented wings of the left that conservatives largely avoided… You saw this in the Clinton/Sanders primary where identity politics rhetoric and concepts were mobilized to shore up economic moderation. Freddie deBoer offers a piece that […]
  • Ten years after
    posted on March 1, 2016
    I don’t know whether it is of note even to me, but today interfluidity is ten years old. Here is the inauspicious first post. Thank you all for coming by, for reading, for putting up with me all these years. So I’ll leave it up to you. If you live in one of those states, […]

Tomorrow's Transactions

The D&O Diary

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

  • Novo Banco: An Exceptional Story
    posted on February 19, 2016
    Everybody loves a good credit derivatives story. And market participants and the media have had a very good one in recent weeks. It concerns CDS contracts written on Novo Banco, a Portuguese bank. The Novo Banco story begins with Banco … Continue reading
  • The Not-So-Secretive Circle
    posted on November 2, 2015
    Thomas Jefferson once remarked: "When the press is free and every man able to read it, all is safe." He knew how important an independent, critical press is to a free society. He also knew the democratic process could be … Continue reading

Portals and Rails

Bank Lawyer's Blog

  • The Blame Game Is Still Being Played
    posted on May 22, 2016
    In the spring of 2008, months before Lehman Brothers became the largest bankruptcy in US history and the world as we knew it went to hell in a hand basket, I wrote a post about a Wall Street Journal editorial...
  • De Novos: A Recipe For Success or Heartburn?
    posted on May 15, 2016
    Long time community bank attorney (and former FDIC Regional Counsel) Jeff Gerrish created his recipe for cooking up a new bank charter. The number one ingredient is cash, and plenty of it. Because FDIC policy is that de novos need...

The Bankwatch

  • Move 37 | Implications for progress on Artificial Intelligence
    posted on May 23, 2016
    I watch and listed to Google I/O today. The stuff about the new communications app Allo and new emojis was a bit underwhelming but I sensed a deliberate shift under the guidance of SEO Pinchai towards commercialization with the likes of Google Home coming this year. This is going right after the Amazon Echo market, […]
  • Apple Pay at Tim Hortons in Canada
    posted on May 18, 2016
    I just made my first Apple Pay transaction at Tim Hortons in Toronto. Very smooth - double press the home button on your locked phone. This has the double effect of unlocking the iPhone, and activating Passbook. Then simply hold over the merchant device to pay. Despite the naysayers, it is actually easier than debit […]

Celent Banking Blog

  • Blockchain: Beware the Hype
    posted on May 24, 2016
    At Celent, we just published a new research report with the same title as this blog – Blockchain: Beware the Hype. Why such a title? Isn't blockchain the coolest technology out there at the moment? It is. At Celent, we firmly believe that blockchains and other shared ledger platforms will be a powerful catalyst for […]
  • Security, fraud, and risk Model Bank profiles: Alfa Bank and USAA
    posted on May 20, 2016
    Banks have worked hard to manage the different risks across their institutions. It has been and will remain costly, time consuming and a top priority. Celent profiles two award-winning banks who have modelled excellence in their use of risk management technologies across their banks. They demonstrated: Degree of innovation Degree of difficulty Measurable, quantitative business […]


  • Nortel Avoids (First) Appeal -- U.S. Edition
    posted on May 22, 2016
    After extensive briefing and hearings, the U.S. District Court presiding over the appeal (foreign readers: general trial judges in the U.S. federal court system sit in an appellate capacity over the specialized bankruptcy courts) from the U.S. Nortel proceedings punted...
  • PROMESA and the Recovery Act
    posted on May 22, 2016
    It has become something like conventional wisdom that the pending SCOTUS case involving the Recovery Act is no longer relevant. After all, the giant interest payment due July 1 is largely attributable to GO bonds, and the Commonwealth itself is...

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...


  • Top 4 Performance Stats That Will Blow Your Mind
    posted on August 31, 2015
    Here are four process benchmarks that will blow your mind.
  • Don't Be a Cold Fish
    posted on August 19, 2015
    Warm Pulse and Cold Fish banks are duking it out largely on sales productivity. Performance driven by organic growth is what differentiates one from the other.

Inside the Underbanked

Javelin Strategy & Research

Liberty Street Economics

  • Just Released: Hints of Increased Hardship in America's Oil-Producing Counties
    posted on May 24, 2016
    Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw Today, the New York Fed released the Quarterly Report on Household Debt and Credit...
  • The FRBNY DSGE Model Forecast--May 2016
    posted on May 23, 2016
    The May 2016 forecast of the Federal Reserve Bank of New York's (FRBNY) dynamic stochastic general equilibrium (DSGE) model remains broadly in line with those of our two previous semiannual reports (see our May 2015 and December 2015 posts). In the past year, the headwinds that contributed to slower growth in the aftermath of the financial crisis finally began to abate. However, the widening of credit spreads associated with swings in financial markets in the second half of 2015 and the first few months of this year have had a negative impact on economic activity. Despite this setback, the model expects a rebound in growth in the second half of the year, so that the medium-term forecast remains, as in the December post, one of steady, gradual economic expansion. The model also continues to predict gradual progress in the inflation rate toward the Federal Open Market Committee's (FOMC) long-run target of 2 percent.


Zoot Blog

  • Taking on Fraud: Part One
    posted on May 18, 2016

    This is the first in a two-part series as we look more deeply at fraud concerns and best practices for managing this ever-changing threat.

    Over the past couple of weeks we've been discussing fraud mitigation strategies on ZootBlog--everything from EMV chip cards to encryption, tokenization, and … Continue reading →

  • Unleash your inner Bond with biometric authentication
    posted on May 6, 2016

    Use of biometrics is popular in Hollywood movies to create drama and suspense when spies attempt to raid a Swiss bank safe or invade a Russian nuclear plant. Palm print readers and iris scans make for thrilling espionage film scenes, especially when access is gained using … Continue reading →

'There Is No One Blockchain to Rule Them All'
Don Tapscott and Alex Tapscott, authors of "Blockchain Revolution," discuss the implications for banks of distributed ledger technology, the pros and cons of private blockchains compared to open networks, how DAOs might eliminate moral hazard, and more.