'The Problem Is You': Comments of the Week
Published November 15, 2013 9:56 AM
1 Min Read
American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.
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On the Office of the Comptroller of the Currency's new standards for bank consultants:
"If you need a consultant, the problem is you!"
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On a call for Janet Yellen to declare the Federal Reserve's independence from Treasury:
"Declaring independence and being independent are two different things."
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On New York Fed President William Dudley advocating the use of deferred compensation to bolster capital in tough times:
"If his goal is to have the best talent rank other jobs over banking, this is a surefire way to do that."
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On former Fed director Harvey Rosenblum's candid thoughts on 'too big to fail':
"What a shame he is retiring. Maybe that will free him up to speak out like this some more!"
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On banks charging for teller service:
"After giving the banking industry almost 1.5 trillion dollars, [banks] have no right to charge any fees whatsoever."
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On small banks taking a hard look at adding fees:
"Fees need to be such that they help the customer build a fatter wallet and then the bank can share in that wallet growth."
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On why it's hard for banks to charge fees for mobile services:
"Unfortunately by not charging in the critical beginning stages, we have established the new channel as a no cost channel in the minds of our customers."
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On whether the financial sector has changed for the better:
"Progress made on prudential standards for large domestic and foreign banks and the heightened Supplementary Leverage Ratio are all positive signals for the industry."
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On banks refusing to make mortgages on land where oil or gas rights have been sold to an energy company:
"I see the damage daily. Banks have no business dealing with these properties."
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On banks refusing to make mortgages on land where oil or gas rights have been sold to an energy company:
"Let it happen. The banks are out of step if they become opponents!"
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On BBVA seeking data developers for an international contest:
"The real value in Big Data is when you begin to automate actions based on the patterns identified."
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On bank IT leaders prioritizing special projects:
"Too frequently, teams build models that measure the cost of investing, but ignore the cost of not investing."
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