Why are no heads rolling, post-SVB?
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…
An iffy new offering from Zillow
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…
The ESG scam exposed at last
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…
Investors are still worried about the banking system
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…
How banks can make the most of AI
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.…
Workers still reluctant to return to the office
RETURN TO WORK BATTLE CONTINUES: Here are some highlights from a survey on remote-work issues that Deloitte conducted of 700 mid- and executive-level financial services professionals: Employees say the…
The next CRE shoe to drop
WATCH MULTI-FAMILY LENDING: While so many people are focused on banks’ office building loans, fewer are questioning their multifamily portfolios because the market has been so tight…
The sell side starts to warm up to Goldman. Sort of.
GETTING CLEARER: I can see the logic here, to tell you the truth: “GOLDMAN’S LAST BEARISH ANALYST UPGRADES STOCK AS RISKS FADE “For the first time…
Bankers need to remember that deposits are still key
NEVER FORGET THE VALUE OF DEPOSITS: It is clear from banks’ second-quarter earnings reports that the industry was in a zero-interest-rate and excess-deposit position for so long…
What Jane Fraser needs to do to fix Citigroup
KNOCKED HEADS NEEDED: Here’s some free advice for Jane Fraser on how to fix what ails Citigroup. I recall hearing a story—possibly apocryphal—that at JPMorgan Chase…