All items from BankThink

A recap of the informed opinions (and the discussions they generated) on BankThink this week.



From BankThink
Posted 6 hours 25 min ago

Mobile money products are taking off in countries including Bangladesh, Kenya and Somaliland Â-- and banks have a historic opportunity to get involved in this rapidly advancing market.



From BankThink
Posted 11 hours 13 min ago

Continuing housing problems and increasing economic inequality are bringing illness to low-income neighborhoods. To solve the problem, policymakers and financial industry leaders need to develop programs that address the intersecting issues of health and poverty.



From BankThink
Posted 11 hours 13 min ago

Receiving Wide Coverage ...

Coming Down the Pike: Citigroup's move to increase its third-quarter legal provisions by an additional $600 million suggests the bank may soon reach a settlement over charges that it manipulated foreign-exchange rates, the papers report. The adjustment, made in response to "very recent communications with certain regulatory agencies" according to the bank's regulatory filing, lowered Citigroup's quarterly earnings by nearly 18%, to $2.84 billion. The Wall Street Journal's anonymice say Citi and...



From BankThink
Posted 12 hours 15 min ago

If we hope to achieve pay equality and see more women in leadership positions, women need to ask for what they believe they deserve, and companies must change ingrained attitudes toward those who do so.



From BankThink
Posted 1 day 9 hours ago

Expect more regional banks to pursue deals that put them over the $50 billion-asset threshold in an effort to reap the benefits of implicit government subsidies.



From BankThink
Posted 1 day 11 hours ago

Receiving Wide Coverage ...

Que Sera, QE: The Federal Reserve's bond-purchasing program is officially over, but that's no reason to stop the fun of debating the legacy of quantitative easing. The major papers all give the program mixed reviews. "While it clearly didn't cause the inflation outbreak some predicted, it also didn't clearly lead to a surge of economic output or hiring," the Wall Street Journal reports. The New York Times says QE definitely helped the...



From BankThink
Posted 1 day 12 hours ago

Rather than wait until after a data breach to increase information-security investments, banks should put into place practices that help prevent cyberattacks in the first place.



From BankThink
Posted 2 days 9 hours ago

As the financial industry scrambles to monetize big data, it would be smart to remember that consumers' growing concerns about privacy issues might staunch the flow of personal information in coming years.



From BankThink
Posted 2 days 11 hours ago

Receiving Wide Coverage ...

New CFO in the Haus: Deutsche Bank has tapped Goldman Sachs partner Marcus Schenck as its future chief financial officer, with plans for current CFO Stefan Krause to take on a newly created position at the company. The change comes as investors pressure the German lender to improve its financial strength, according to the Wall Street Journal. The papers all note Krause has made slow progress in strengthening the bank's regulatory reporting;...



From BankThink
Posted 2 days 12 hours ago