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Banks are facing a Wild West atmosphere as they invest in a patchwork of new payments technologies, from prepaid cards to mobile payments, without any guarantees that they will pick the right one.

Risk Management

On the whole, large banks appear to have primed their books for a rebound in rates: levels of short-term assets relative to short-term liabilities are now higher than they have been during roughly the past decade. The postures of individual institutions vary widely, however.

Regulation & Reform

Fed Governor Elizabeth Duke (Image: Bloomberg News)
The Fed governor outlined a number of factors — such as the mortgage servicer settlement, the huge number of underwater borrowers and the failure to reform the GSEs — that are working to limit mortgage credit to healthy borrowers.

Regulation & Reform

Sen. Harry Reid (Image: Bloomberg News)
The Democratic Senate leader seized on the political momentum from the losses at JPMorgan Chase to push for a vote on President Obama's two nominees.

Regulation & Reform

Christy Romero, the special inspector general for Tarp (Image: Bloomberg News)
Two debt collection agency executives pleaded guilty Friday to allegations that they defrauded the Connecticut-based Webster Bank.
Robert Shuster, chief financial officer at Independent Bank
Community banks having trouble unloading nonperforming assets are hoping that pooling them will attract buyers who generally prefer buying in bulk. "It's an appealing concept," says Independent Bank CFO Robert Shuster.

Consumer Finance

Brendan Coughlin, RBS Citizens' president of education finance
RBS Citizens Financial Group is expanding its private student loans business across the contiguous United States, the company announced on Tuesday.

Mergers & Acquisitions

Neil Rudd, NXT's chief financial and administrative officer
Collateralized loan obligations are gaining new life as a way for nonbanks to finance loans to midsize businesses. NXT Capital's chief financial officer, Neil Rudd, explains how in detailing a recent deal.

Risk Management

Jamie Dimon, chief executive of JPMorgan Chase (Image: Bloomberg News)
Meet newly muzzled Jamie Dimon. At JPMorgan Chase's Annual Meeting, executives spoke little and said even less of interest about the bank's "egregious" trading losses.

BankThink

Peter J. Wallison is the Arthur F. Burns Fellow in Financial Policy Studies at the American Enterprise Institute
If JPMorgan's losses were from a hedging strategy, they would not have been prevented by the Volcker rule, which specifically permits hedging. The problem is hedging is virtually indistinguishable from proprietary trading.

Bank Technology News

From social media analytics to cloud computing to context-aware computing to novel means of building applications, this year's financial services innovators are pushing the envelope.

American Banker Magazine

Retail banks are trying a playful approach to communicating with customers on some very serious matters.

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Mobile Banker

Will Devices for Mobile Payments Pass PCI Test?

Attaching readers to smartphones is an emerging way for merchant acquiring banks to extend digital payments to businesses. Before the market takes... more

Isis Mobile Payments Build Momentum with New Merchants

The mobile payments venture Isis has already signed some major banking companies to its smartphone-based payment system. Its newly announced... more

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