Tag Archives: banking

Convenience is Banks’ Secret Weapon in War with Silicon Valley

Tuxedo banking

Regional and community banks haven’t lost to Silicon Valley – yet. But they face some serious challenges. Unexpectedly, the desire for convenience may be today’s banks’ biggest advantage in the coming battle with Internet start-ups. Continue reading →

Negative Interest Rates: Turning the Banking System Upside Down?

banking upside down

Did you ever imagine having to pay money to keep your savings in a bank account? No? Well, in these times of extremely low interest rates, a new reality is rapidly approaching. As some of the European central banks have … Continue reading →

Felony Banking in the First Degree

prison bar shadow

The last time a major U.S. bank plead guilty to criminal charges, the movie Beetlejuice was in theaters. The year was 1988 and the once high-flying firm of Drexel Burnham Lambert, as a corporation, plead guilty to six counts of … Continue reading →

Concentration of Financial Infrastructure in Urban Centers

dense city

Sandy and 9/11 taught us some harsh lessons about how much of the US financial backbone is located in a narrow swath of real estate. It is true that more people are working remotely and that the Internet has made … Continue reading →

Operational Risk Capital for Banks: 3 Changes to Keep an Eye on

euro money bags

Whether a so-called AMA bank, or a bank adhering to the simpler, standardized approaches for calculating operational risk regulatory capital needs – some important changes are waiting to materialize around the corner. All of them are aimed at restoring lost … Continue reading →

US Long-Arm Jurisdiction Creates New Terrorism Headaches for Banks (Among Others)

terrorism funding

I am indebted to John Blancett, partner of law firm SDMA for drawing my attention to a startling decision of the US Court of Appeal for the Second Circuit: Tzvi Weiss et al. v. National Westminster Bank Plc (judgment delivered … Continue reading →

ECB Stress Tests: The Whole Truth?

European Central Bank

On October 26th, the results of European Central Bank’s European Union-wide asset quality review (AQR) and stress test were published. An exercise covering 123 banking groups from 22 countries with a total of EUR 28 trillion assets as of December … Continue reading →

Misuse Confidential Information and Risk a Significant Payment

stealing secrets

A recent decision of the English High Court found Barclays Bank liable to pay damages of €10 million to CF Partners for breaching an equitable duty of confidence. The Court held that the bank had misused confidential information, supplied by … Continue reading →

Millennials – Changing How We Bank


Banks must evolve and tailor their service platform for the huge Millennial demographic--or face the disintermediation experienced by other industries. Continue reading →

Big Data for Banks: Friend, or Foe?


While the jury is still out on the matter, a realistic answer at the present time would most probably be “both”. In this blog, I will explore and share the rationale for why this is so and how to manage … Continue reading →