How about some government action over the bank turmoil?
PULL OUT THE STOPS: I pretty much agree with all of this: “JPMORGAN’S DIMON CALLS FOR SEC PROBES INTO BETS AGAINST BANK STOCKS “JPMorgan Chase’s chief…
Level of IPO filings reveal dour investor sentiment
WHAT THE LEVEL OF IPO ACTIVITY IS INDICATING: Equity market optimism and speculation accompany a high level of IPO activity, and the reverse is true. Just look…
Seeing the bank through the customer’s eyes
LESSONS FROM A CHIEF EXPERIENCE OFFICER: The BAI’s Terry Badgerinterviewed Citizens Bank Chief Experience Officer Beth Johnson late last month, and the two discussed how Citizens is adjusting…
It’s confidence, not capital, that prevents bank runs
MISDIAGNOSED: Um, this is nonsense: “US regulators have extracted some valuable lessons from the country’s first banking crisis in more than a decade. But one stands out:…
Exits closed for successful startups
ALL THE MAIN EXIT RAMPS FOR STARTUPS ARE CLOSED: Startups that become successful usually follow one of two paths to monetize their success. One is the IPO route,…
A notable investor buys banks
You have to admit, nobody will say he doesn’t count as smart money: “BILL GROSS SAYS HE’SBOUGHT REGIONAL BANK STOCKS “Bond king Bill Gross said Friday…
The SPAC craze slowly sinks into the sunset. Good.
ALL DONE: And so the SPAC fiasco slowly shuffles toward its pathetic and shameful end: “SPAC’S DELIVERED EASY MONEY, BUT NOW COMPANIES ARE RUNNING OUT “The…
Banks are way too unloved. That’s good!
SHUNNED: Well this is kind of bullish for the financials. The number of fund managers surveyed by Bank of America who say they’re overweight bank stocks has…
Millennials get with the program, housing-wise
MILLENNIALS BECOME HOMEOWNERS: Here’s something of a milestone. For the first time, millennial (those born between 1981 and 1996) homeowners outnumber millennial renters. Currently, 52% of…
A possible game-changer for community banks
THE IMPORTANCE OF FEDNOW FOR REGIONAL AND COMMUNITY BANKS: The Fed has said it will roll out its FedNow real-time payments network in July. The largest banks already…