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- The FFIEC: Regulating and Supervising Financial Institutions to Maintain a Safe and Sound Financial System
Estimated reading time: 9 minutes Table of contents - I. Introduction h-i-introduction - II. What is the FFIEC and what does it do?…
- Bank Call Reports: The Financial Pulse of the Banking Industry
Estimated reading time: 0 minutes Table of contents - Overview of Bank Call Reports h-overview-of-bank-call-reports - Financial Information Provided by Bank…
- Seeing Is Believing: The Power of Financial Data Visualization
Estimated reading time: 4 minutes Table of contents - I. Introduction h-i-introduction - II. Why is data visualization important in finance?…
- Capital Banking in the USA: An Overview of Investment Services, Financial Instruments, and Regulations
Estimated reading time: 0 minutes Table of contents - Introduction to Capital Banking in the USA h-introduction-to-capital-banking-in-the-usa - Investment…
- CFPB Issue Spotlight Addresses Concerns About Bank Use of AI Chatbots
The Consumer Financial Protection Bureau CFPB has released a new issue spotlight focusing on AI chatbots in the banking industry. According to the agency,…
- I spent 3 days with my team in Turkey and INSISTED that no one open their laptops.
I wanted 3 days of us simply being together. We could talk about technical things, Discuss ongoing projects, And do work-related things, But there were no…
- New Regulatory Rules Could Increase Bank Capital Requirements by 20%
Last month, Federal Reserve vice chair for supervision Michael Barr told Congress that new bank capital rules were being formulated. A new report from Reuters…
- Adapting to new tech is crucial for smaller banks to keep up.
Just 1 problem: Many of them don’t have the teams and technical knowledge to implement these changes. They could hire someone to do it for them, or even build…
- The Money Makers: A Deep Dive into Bank Financial Statements
Estimated reading time: 8 minutes Table of contents - I. Introduction h-i-introduction - II. Components of Bank Financial Statements…
- If Asset Liability Committees met more frequently, not only would they be able to better manage liquidity and risk, they could even improve overall bank operations.
The first step to having weekly meetings instead of quarterly would have to be to create an effective dashboard giving deep insight on the liquidity situation…
- Why Bank Financial Data Matters: Insights and Applications for Individuals and Businesses.
Estimated reading time: 13 minutes Table of contents - I. Introduction h-i-introduction - II. What is bank financial data? h-ii-what-is-bank-financial-data -…
- ALCO meetings shouldn’t be quarterly.They shouldn’t even be monthly.And they definitely shouldn’t be run by the board.
The Asset Liability Committee needs to be a management-level committee, and they need to meet weekly. Especially in unstable economic times like these, A…
- How I would handle the implementation of a major API as a bank leader, knowing it would significantly change the roles of many of my employees:
1/ Get out in front of it. Word will spread quickly if something like this is on the horizon. Rumors will spread, and most of them won’t be accurate. Don’t let…
- The commoditization of core banking functions is NOT causing layoffs.
It’s simply giving time back to employees in order for them to do higher leverage work. With the vast improvements in AI and tech in general, there is growing…
- US Bank Deposits Saw Huge Decline in First Quarter 2023
The Federal Deposit Insurance Corporation FDIC has confirmed a notable decline in U.S. bank deposits in early 2023. According to a new quarterly report…
- COVID stimulus was nice in theory—Increase economic activity by giving people more money to spend.
But ultimately, all that money went BACK to the government. If you take a look at the charts below, You can see both the money supply and the deposit curve…
- Excessive COVID stimulus has led to a giant game of whack-a-mole.
Except these moles have real-world consequences. All the economic chaos that has happened and continues to happen can be traced back to the triggering event of…
- First Citizens Confirms SVB Worker Layoffs
Worker layoffs, silicon valley bank, first citizens bank, Frank Holding Jr, workforce cuts, banking crisis, financial, banks, Axios
- More banks will fail in the coming months.
We may be through the worst of it, But we aren’t out of the weeds yet. To stay afloat, banks will have to manage liquidity well. When I consult with a bank…
- Fed Survey Highlights Inflation’s Impact on Americans’ Financial Health
The Federal Reserve released its 2022 Survey of Household Economics and Decision Making SHED findings on Monday. That report confirmed what many analysts had…
- Yellen Calls for Maintaining Diverse Banking Sector in U.S.
U.S. Treasury Secretary Janet Yellen highlighted the importance of maintaining a diverse banking sector today. During virtual remarks to the Wall Street…
- If there’s 1 piece of advice I could give to my 20 year-old self, it would be this:
Start a business, and get into sales ASAP. I got into sales at 32. Became a startup founder at 40. I might have been a late bloomer, but now I know firsthand…
- Powell Suggests Moderation in Further Fed Rate Increases
Federal Reserve Chairman Jerome Powell seemed to signal a potential pause in future Fed rate increases late this week. On Friday, Powell delivered remarks at a…
- Tighter Bank Oversight Rules Expected This Summer
This week, Federal Reserve Vice Chair for Supervision Michael Barr said tighter bank oversight rules could be revealed this summer. Barr noted that the new…
- Treasury’s Yellen to Meet with Bank CEOs to Discuss Debt Ceiling Standoff
U.S Treasury Secretary Janet Yellen will meet with Bank Policy Institute board members on May 18 in Washington, D.C. She reportedly plans to discuss the…
- New CFPB Circular Warns Banks Against Unilaterally Reopening Closed Customer Accounts
The Consumer Financial Protection Bureau issued a new CFPB circular this week, according to an agency press release…
- The government’s response to COVID has had far worse consequences than they imagined…
Historic bank failures, interest rate hikes, inflation, etc. But inflation has had BY FAR the biggest impact on average Americans. In most circumstances,…
- Dimon: U.S. Debt Ceiling Crisis Prompted Creation of JPMorgan Chase “War Room”
With negotiations on the U.S. debt ceiling crisis seemingly in limbo, JPMorgan Chase is conducting weekly meetings to address the crisis. JPMorgan Chase CEO…
- FDIC Proposal Taps Big Lenders for Deposit Insurance Fund Replenishment
The Federal Deposit Insurance Corporation FDIC has unveiled a proposal to replenish its deposit insurance fund. The proposal released on Thursday would see the…
- Within 5 years, core banking functions will be completely commoditized.
Here’s what that means for the future ???? When everyone has easy access to standardized, inexpensive, instantaneous ways of performing core functions opening…