'The C-Suite Begs for Time': Comments of the Week
August 5, 2016 7:30 AM
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
On regulators' warnings about commercial real estate concentrations:
"I've been in banking or consulting to banking for over 40 years. I'm tired of seeing bankers poo-poo warnings and running like a herd of lemmings over the cliff and then blaming it on regulators."
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On bots advising people on whether they can afford to eat out or not:
"Perhaps millennials would be better served being taught how to properly budget, rather than have their banks tell them that an order of guacamole would trigger a negative balance."
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A retort to an op-ed on how branches will survive the digital age:
"[Banks] can't afford an asset that just handles walk-in problems."
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On a prediction that banks will pull back on energy lending in the near term:
"Many, if not most banks headquartered in the U.S. are under pressures from regulators and their impatient investors to shed energy-related assets that threaten profit projections. Analysts harass them with the 'wadaya gonna do about it' questions. The C-Suite begs for time, praying for a nearer term price rise at the pump. Enter the global banks from Asia and Europe they have their wallets open and are ready to buy the energy related loans. Why? Because they can hold em until the industry cycles up
as it always does eventually."
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In favor of mandating financial literacy:
"It should be a mandate for consumers to take a program or class before a borrowing event. The mandate should address the basic and small business customer. The program need not be associated with a specific lending institution. It needs to cover products, comparisons, how to read terms & conditions, the impact of default and the way to complain."
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In response to an argument on what digital bankers can learn from Pokemon Go (via <a href="https://twitter.com/FinTechCynic/status/760567112708620288" target="_blank">Twitter</a>):
"#PokemonGo = pymnts innovation? Whatever, as long it's not happening [in] front of me on a sidewalk"
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On the effects of regulators' commercial real estate guidance on the industry:
"We didn't have a CRE crisis until bank regulators enforced CRE guidelines in 2007 that were first introduced in 2006. To their credit, they tried to avert a $5T Debt CRE-ARM crisis, but when you swing a one-ton hammer, there are consequences."
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