Story Archive
Arianna Huffington first came up with the idea of Move Your Money which urges depositors to switch their deposits from national banking chains to community banks owned locally.
Leaders who demand proof that a new idea will work inadvertently stifle innovation. There's a better way to react to brainstorms.
Many fund managers are still wary of financials, but analysts expect the stocks to rally 16% this year.
We live in an era where the environment is recognized as an important part of virtually
everything we do. Nowhere is the direct impact felt more than in the business
community.
Regulations and consumer expectations are changing. The business models, capabilities, and practices of the financial-services industry must change with them.
Strategic Analysis
The collapse of the financial sector in the United States, which has included the failure of almost 100 institutions to date...
Even as enterprising bankers try to benefit from a less competitive industry, many industry hopefuls have had their dreams deferred.
Starting your own bank is laborious but profitable. The financial crisis may turn out to be a blessing.
From the Golden Era to the Era
of Management
The annual State of the Financial Services Industry report reviews the industry’s performance and provides
senior stakeholders with key insights for success.
Current bank oversight failed to prevent the financial crisis. Let’s not prescribe more of the same.
Even steps that require customization and expert judgement can be streamlined effectively.
Financial services firms are facing a much tougher operating environment as a result of the credit crisis.
Here’s a plan that could solve the toxic-asset pricing problem voluntarily—without requiring Uncle Sam to nationalize the whole industry—and make (pretty much) everyone a winner.
In the aftermath of the crash of 2008, banks are searching for answers. How did we get here, certainly, but more importantly, where do we go now?
What appeared to be the largely American subprime mortgage problem of 2007 has become the global financial crisis of 2008.
The economic crisis—focuses on evidence of recovery in the major economies. It provides brief snapshots of the data on leading and current indicators, and shows that the freefall is over...
Two different kinds of accounting—fair value and hold to maturity—have
created two different kinds of crises. One is almost over. The other is only
beginning.
Seismic forces are reshaping the banking landscape. The fallout from the credit crisis is limiting discretionary spending. Consolidation and globalization are diminishing once-safe regional or national franchises.
The truth to it all is the goverment is not run by the goverment but by the bankers. The U.S. has been putting themselves into financial slavery since the early 1900's.
The U.S. plan to ease the credit crisis by investing in banks retraces steps taken during the Depression by an agency that accomplished its mission...
This program aims to help the millions of California working families who don't have bank accounts. The Bank of California will help unbanked California open starter accounts and enter the financial mainstream.
In 2009, the U.S. banking industry will undergo a seismic stress test—the result of which will determine the ultimate viability and resiliency of the nation’s financial system.
The contemporary Islamic finance industry is now in its fourth decade and, during that period, has developed extremely rapidly. In the past few years, overall market growth has been estimated at between 15-20 percent annually1, although individual Islamic banks have reported even faster growth.
Start-up banks lack name recognition and customers. These days, though, they have one important advantage over just about every established rival: no crummy loans.
Last fall, soon after Congress decided it would spend $700 billion to shore up the nation's flailing financial system, about 100 shareholders of Reunion Bank of Florida gathered for a party.
As Big Banks Falter, Community Banks Do Fine. Unlike banks on Wall Street, these smaller banks didn’t invest in risky mortgage-backed securities or complex derivatives.
One obvious point being lost: the vast majority of toilers in the financial vineyards had nothing to do with the meltdown.
In the current mess, startups hold a key advantage: a clean slate. Unlike existing banks, those born after the bust don't have bad assets threatening their books and earnings.
Dan Hudson spoke in the laid-back tone of someone who's given the same pitch many times, but his words gave them hope: "I believe now is the best time to start a bank."
The path that led us to the current economic situation is difficult even for those in the financial industry to follow, but now that we're here it's important to understand how this will affect you so you can plan accordingly.
The subprime loan crisis had a domino
effect on the financial services industry.
The falling real estate market and
softening of the market for mortgagebacked
securities has led to a tightening of
credit and liquidity issues for many
entities...
The FDIC released an article reporting on the first quarter 2008 results of its Small-Dollar Loan Pilot Program. The goal of the two-year pilot is to help the FDIC identify best practices in affordable...
Deteriorating asset quality concentrated in real estate loan portfolios continued to take a toll on the earnings performance of many insured institutions in first quarter 2008.
Banks must play a key role in solving the economic crisis, but two challenges confront us. First, the industry has ...
Fact Sheet: Treasury Releases Blueprint for a Stronger Regulatory Structure
Market conditions today provide a pertinent backdrop for this report’s release, reinforcing
the direct relationship between strong consumer ...
A strong financial system is vitally important - not for Wall Street, not for bankers, but for working Americans. When our markets work, people ...
After Michael Salsbury's abrupt exit from 19-month-old, Santa Barbara-based American Riviera Bank, acting president and Chief Executive Officer David Duarte said management was not surprised and will not miss a beat.
Increased sophistication and liquidity in the capital markets, advances in analytics and changes to regulation and accounting standards are forcing banks to change the way they manage their
capital.
In his remarks at the Microsoft® Office® System Developer Conference on February
4, 2005, Bill Gates captured the business benefits of SOA, on the brink of finally
being realized through the use of emerging, Web-based technology: Web Services
allow a piece of software on one computer to talk to a piece of software on another
computer independent of the underlying operating systems and languages … Smart
clients for information workers allow them to aggregate IT applications into their
work flow. This is not the same as the "file extract" and "local" process methodology
of the ‘80s and ‘90s.
The loss of investor confidence in the financial reporting
process has caused businesses to review their corporate
governance procedures. The responsibilities of the audit
committee are a major focus in these reviews since the
audit committee must provide oversight to the financial
reporting process, the external audit process, and the
control environment. The media attention given to the
failure of large businesses and the role that the financial
reporting process had in those failures has created an
environment that has heightened investor interest in a
more robust financial reporting process.
Within the next three to seven years, businesses across the United States, in virtually all
sectors and industries, will face a potential crisis of leadership. During this period, a
significant fraction of today’s corporate-level executive leaders and other senior managers
will reach retirement age and begin exiting the workforce.
Much has been written about Gen Y, their collective experience and evolving
preferences, but there has been little real insight on what strategies banks
might consider to capture and retain this new segment. While this young
group (born between 1982 and 1995) consists for the most part of financial
freshmen, inexperienced and burdened with student loans, their affluence and
influence are growing, and with it, their financial appetite. Banks now have a
unique and limited opportunity to attract these new customers and to grow
their patronage.
The U.S. subprime mortgage lending crisis made world headlines in the summer of
2007 and its continuing fallout is one of the hot-button issues facing the banking
and securities industry in 2008. While the outlook for the industry as a whole is
guardedly optimistic, it depends, in part, on how quickly the crisis is resolved and the
credit market opens up again.
As businesses seek new ways to grow, they are turning to customer relationship management analytics to discover profitable patterns of behavior they can leverage. Will today's competitive advantage become tomorrow's competitive necessity?
Risks are inherent in every forward-looking business decision so successful risk management should be an integral part of an organization's strategy and operations - an important dimension of good management practice.
March 2008
The financial services sector has been much in the news
recently – and the news
has not been good. Within
the space of a few months,
we have seen the onset of a severe credit crunch, a liquidity crisis at Northern Rock leading to a run on the bank and Société Générale revealing it has lost €4.9 billion ($7.1billion; £3.7 billion) closing out massive unauthorized trades placed by a rogue employee. Some respected commentators are speculating about the onset of a global recession.
Nov. 8, 2007
On Nov. 2, the Federal Deposit Insurance Corporation (FDIC) issued a proposal to amend its regulations that address audit and reporting requirements, Internal control assessments, and audit committees.
Dec. 7, 2007
As an update to our prior communications on accounting and financial reporting topics, the following represents topics that have near-term effective dates, near-term expected Issuance dates, or areas in which significant changes have occurred. It may be useful for readers to refer to our prior updates.
This briefing, written in co-operation with the Economist
Intelligence Unit, examines customer-centric growth issues
within the financial services industry. Few executives in the
financial services industry would disagree with the aim of
becoming more customer-centric – structuring and running
their organisations with the goal of providing a better customer
experience. But what does the customer-centric organisation
really look like, how do financial institutions plan to change
to meet this goal, and how can organisations maximise their
growth potential as a result?
Helping ensure a financial institution has the hallmarks for success in 2010 means building a more global outlook into their business - the journey needs to start today by identifying the key market and operational drivers. Going forward, DTT expects leading financial institutions in 2010 to exhibit the following six hallmarks of success...
This report comprises original research completed on the global funds management (FM) industry by KPMG International. The research looks at the way in which the FM industry engages what is known as Generation Y, both as customers and as employees.
"How do banks make money?" is a deceivingly simple question. Banks make money by charging interest on loans, of course. In fact, there used to be a standard, tongue-in-cheek answer to this ...
On June 30, 2005, the federal banking agencies jointly released a new Bank Secrecy Act/Anti-Money Laundering Examination Manual. Over the last two years examiners have imposed new requirements ...
Grant Thornton's Twelfth Annual Survey of Community Bank Executives explores how bankers juggle myriad banking and business issues and ensure good governance, safe and sound ...
Building Wealth: A Beginner’s Guide to Securing Your Financial Future offers introductory guidance to individuals and families seeking help to develop a plan for building personal wealth ...
Erratic stock-market returns and persistently low interest rates have left a lot of investors worried about the performance of their retirement portfolios. A small but growing number are turning ...
(RTTNews) - Federal Reserve Chairman Ben Bernanke delivered a speech on community banking at the Independent Community Bankers of America National Convention and Techworld on Wednesday.
Clients of The Nubank Group raised a combined $83 million in capital for the first six months of the year, with two clients surpassing state records for the amount of capital raised...
Regardless of size, focus on geographic
footprint, financial institutions across the United States are stepping
up efforts to improve their organic growth...
Since being diagnosed with multiple sclerosis 16 years ago, Brad Saul has learned there’s opportunity in marketing to people like himself. He’s established ...
Growth in traditional deposit funding sources
has stagnated at many banks in recent years and has
largely failed to keep up with the growth in bank
assets.
April 2, 2001
April 4, 2001
July 23, 2001
July 23, 2001
September 6, 2001
December 11, 2001
August 15, 2002
September 10, 2002
April 4, 2001
April 12, 2002
The Battle of the banks is taking on new
urgency. After spending the past few years fiddling with their cost
structures, leading bank organizations around the world are shifting
their efforts toward growth...
To date, the largest effects of the financial turmoil appear to have been on the housing market, which, as you know, has deteriorated significantly over the past two years or so.
April 26, 2001
April 26, 2001
October 10, 2003
December 27, 2003
According to the FDIC ninety-nine percent of insured institutions were well-capitalized at the end of 2007, and nearly 90% were profitable for the year.
The battle of the banks is taking on new urgency. After spending the past few years fiddling with their cost structures, leading banking organizations around the world are shifting their ...
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