An odd response from a bank regulator
A REGULATOR SPEAKS: A large-bank CEO recently met with Adrienne Harris, who leads the New York State Department of Financial Services, and asked her about her…
A REGULATOR SPEAKS: A large-bank CEO recently met with Adrienne Harris, who leads the New York State Department of Financial Services, and asked her about her…
MISBEGOTTEN: Drumroll, please—and let the unintended consequences begin! NEW CFPB RULE CAPS BANKS’CREDIT CARD LATE FEES AT $8 The Consumer Financial Protection Bureau unveiled a new rule on…
READY TO SPEND: Inasmuch as one of corporate America’s favorite things to do with its spare cash is to use it to fund share repurchases, I am very…
IS THE FINANCIAL SYSTEM SAFER IF CREDIT IS FORCED OUT OF BANKS?: After the passage of Dodd-Frank, with its higher capital standards and other restrictions, the private-credit…
SMALL-BUSINESS DEPOSITS ARE GOLD: This interest-rate up-cycle has shown that the deposits of small-business are stickier and have lower betas than consumer, commercial, or wealth deposits. But research…
A DISTURBING LACK OF ACCOUNTABILITY: Let me be clear, the primary responsibility for the failure of SVB lies at the feet of the company’s management and board…
ZILLOW: HERE WE GO AGAIN?: It was just 18 months ago that Zillow announced it was shutting down its home-flipping business, which had posted a cumulative $880…
BLOWBACK: Do you think it’s finally dawning on the money-management world that maybe the whole ESG craze has been more trouble than it’s worth? SEC LAWYERS…
I was more than a little surprised that 42% of investors surveyed by Wolfe Research say that the worst of banking industry’s recent problems are not…
THOUGHTS FROM CITIZENS FINANCIAL’S CIO: Here’s a notable comment by Citizens Financial CIO Michael Ruttledge from his conversation with Bank Automation News this week about AI.…