BankThink

London equals weak regulation. Self-regulation equals self-interested regulation. Libor is set in London, by banks, through self-regulation. Why all the shock and outrage when banks set it to suit themselves?

Receiving Wide Coverage ...Every Banker for Himself: Sources tell the Times the London Interbank Offered Rate scandal is leading banks to turn on one another. Government and bank officials close to the Libor investigations say implicated banks are using Barclays' $450 million settlement as a "guidepost" in their discussions with authorities. The go-to line seems to be that one's bank wasn't as bad as its counterparts and, therefore, should not be so severely penalized.

There are few greater challenges than success, and great leaders must always ask themselves humbling questions every day. It might be a good idea to ask yourself, 'What's working now that might not work in the future?"

As a retired, former employee of WesCorp, I'm heartened that the service culture and sense of a higher calling that lives within each former WesCorp employee will now be disbursed throughout the credit union industry.

With a centralized database and tools in place to ensure data accuracy, credit unions can enhance staff efficiency and improve member service during a merger and for years to come.

Reader feedback: Your powerful recent news coverage and analysis of the Western Corporate Federal Credit Union and corporate credit union crisis saga totally captured my attention.

Rep. Scott Garrett and Sen. David Vitter have introduced bills that would that "would repeal the government's authority to designate non-bank financial institutions as systemically important," writes American Banker’s Kevin Wack.

Simply stated, merchants have agreed the Visa/MasterCard interchange fee settlement resolves all past disputes and establishes a system that will govern payments in the future. Nothing remains for Congress, or anyone else, to address.

Camden Fine, president of the Independent Community Bankers of America, said the sight of the 1,099-page proposal from the CFPB on simplified mortgage disclosures made him “physically ill,” according to Bloomberg.

Google is changing nearly everything about how it handles transactions.