The Financial Services Industry’s Best Taglines
I agreed with most of Bank Innovation’s list of the 31 best taglines in financial services. Most were solid, such as “What would you like the…
At Times Like This, Main Street Tops Wall Street
Now this is my kind of divergence. Leuthold Group’s Jim Paulsen notes that when Main Street is booming—which, if you look at recent numbers such as…
Enough With Earnings Guidance
Ugh. After collectively cutting way back on the practice at the start of the recession, more companies are starting to provide earnings guidance again. I mean…
Management Insight: Passion and Curiosity Trump Experience
I’ve always believed in that old truism that it’s better to learn from other people’s mistakes than have to learn from your own, and so found…
The Fed’s Planned Inflation Policy Makes No Sense
Does Fed Vice Chair Richard Clarida not understand that the primary job of a central bank is to safeguard the currency? He doesn’t seem to. Here’s…
How Banking is Like Sports Betting
A comment last month by DraftKings CEO Jason Robins about the importance of his company’s physical retail locations echoes how bank executives tend to feel about…
A loan sale is a loan sale. There’s no halfway.
I hope my interpretation is incorrect, but I believe the banking industry sought permission from the SEC to treat loans originated under the Main Street program…
Yes, Banks Are Indeed Investable
“I want to own a growth company, not a bank. Banks are not investable.” I have been hearing comments like that all year, with the number…
Consensus Estimates for Banks’ Loan Loss Provisions are Too High
The consensus estimate for the loan-loss provisions at publicly traded banks with market caps over $150 million shows that analysts expect a gradual decline over the…
It’s Time to Shut Down the Main Street Lending Program
As just about every bank CEOs has told me in recent weeks, the government’s Main Street loan program is not effective. It has the capability to…