BankThink

Jamie Dimon never had it, actually. He assiduously avoided subprime consumer credit, leaving profitable business on the table, but JPMorgan's recent trading loss reveals lax management of much greater risks.

We'll know that the banking industry has returned to full health when we see a significant number of new charters. We're not there yet.

Christopher Dodd recently spoke in defense of the act with his name his name on it at a conference for accounting fraud examiners. Following the event the former senator discussed the compromises and concessions that were necessary to pass the bill, and everything he would have included given his druthers, in an interview with Accounting Today.

Receiving Wide Coverage ...Baleful in Basel: Banks around the world still need to repair their balance sheets by writing down dodgy assets, the Bank for International Settlements said in its annual report. In a speech, Jaime Caruana, general manager of the association of central banks, warned that excessive monetary stimulus could make things worse, by creating complacency about fiscal problems, encouraging risk-taking by the financial sector and/or unleashing inflation. Wall Street Journal, New York Times

NCUA board level about changes in policies, procedures and practices doesn't ever seem to reach the examiner level.

The loan servicing industry is due for a shake up, starting with the widely held myth by such entities that they are payment processors.

Type "security breach" into Google just about any day of the week and you'll see a variety of different companies suffering from small to large data breaches.

Looking back on last summer provides some perspective. What's worse: a $2 billion nick to one bank's profits, or a massive computational error leading to the unprecedented downgrade of the world's most powerful economic force?

Major banks used to thrive by arbitraging reality. As Moody's downgrades show, those opportunities are continuing to diminish.

Instead of raising revenue by adding new fees, why not focus on raising revenue by creating real, tangible incentives for customers to do more of their financial business with one institution?