Friday Headlines: Mortgage companies eye IPO boom
Wall Street Journal: Mortgage Companies Want In on the IPO Boom. Investors Aren’t Convinced. Bloomberg: House Set to Pass Stimulus as Minimum Wage Hike Dealt Blow…
Thursday Headlines: Powell hedges on benefits of new fiscal stimulus
Financial Times: Powell pulls his punches on benefits of more fiscal stimulus New York Post: Fed blames ‘operational error’ that crashed Fedwire, other key systems Wall…
Wednesday Headlines: Powell sees no rate hikes soon
Financial Times: Powell signals ‘hope for return to more normal conditions’ Bloomberg: More Than 150 Executives Back $1.9 Trillion Stimulus Plan Wall Street Journal: Rising Rates…
Tuesday Headlines: Wells Fargo sells asset-management unit
Bloomberg: Wells Fargo Sells Asset Manager for $2.1 Billion to Reshape Bank Wall Street Journal: As Wall Street Migrates to Florida, Hedge-Funders Move to Offload Manhattan…
Monday Headlines: Inflation worries rise on Wall Street
Bloomberg: Wall Street Is Inflation-Proofing Its Debt-Market Portfolios Wall Street Journal: Paycheck Protection Program to Offer Exclusive Covid-19 Loan-Application Window for Smallest Firms CNBC.com: JPMorgan invests…
Friday Headlines: Robinhood and Citadel take heat in Reddit rally hearing
New York Post: Robinhood and Citadel come under fire during Reddit Rally hearing CNBC.com: Biden tax hikes would likely phase in slowly, Treasury Secretary Yellen says…
Companies in Motion are an Opportunity for Banks
This should be a material positive for banks based in the South and Southwest: fully 29% of 150 C-Suite executives surveyed by consultant West Monroe said…
Thursday Headlines: Fed officials see risk from low inflation
Financial Times: Fed officials see greater risk to US economy from low inflation Wall Street Journal: Robinhood, Citadel, Others Prepare for the GameStop Spotlight in Washington…
Wednesday Headlines: Berkshire Hathaway discloses portfolio shifts
Wall Street Journal: Wells Fargo’s $8 Billion Question: How to Slash Costs Without Angering Regulators Reuters: Warren Buffett’s Berkshire Hathaway reveals big stakes in Verizon, Chevron…
Closing the “Experience Gap”
Nothing seems more important to me for success in retail banking than closing the “experience gap,” the negative difference between customers’ expectations and their actual experience. This…