Retail & Commercial

Highly skilled leaders are in short supply among small banks these days. Attracting them comes down to making a compelling case that a bank's prospect are bright, says Rod Taylor.

From the C-suite on down, fundamental credit skills are as highly valued these days as more trendy specialties like risk management, says Rod Taylor.

Large equity stakes were once enough to attract highly sought-after executives. These days banks, however, banks are being forced to offer more cash and other incentives, says to Rod Taylor.

Credit Suisse (CS) has won a small victory in a legal battle over its sale of mortgage-backed securities.

Just days after the Senate's top Democrat, Harry Reid, proposed a two-year renewal to the Transaction Account Guarantee program, a leading Republican on the Senate Banking Committee came forward and said he plans to oppose the extension.

The effort to extend the Transaction Account Guarantee, which is due to expire at yearend, received a major "boost this week after Senate Majority Leader Harry Reid unveiled a bill to keep it alive for another two years," writes American Banker's Joe Adler.

CardHub.com blasted the Federal Reserve Board after releasing a report evaluating what credit card issuers are required to tell their customers about possible interest rate hikes.

"The Consumer Financial Protection Bureau said Tuesday it will amend its rule establishing new disclosures for international money transfers in a move designed to ease bankers' fears that the regulation is overburdensome," writes American Banker's Rachel Witkowski.

Glen Trudel, an attorney who specializes in credit card transactions, has joined the law firm Ballard Spahr as a partner in its Wilmington, Del., office.