Reading The Tea Leaves – Is Recession Real?

August 3, 2022Posted inNewsletters
My friend Steven Martin from RMA is an insightful observer of our industry. When I shared the article below with him, this is what he wrote: Good Banks do well in every part of the cycle, but the best banks not only know what's fueling their profits, but know how to adjust as things change. And what never seems to go out of style is the blocking and tackling - such as full relationship banking…

Question And Answer With Keith Noreika

July 21, 2022Posted inNewsletters
My good friend Keith Noreika, The most courageous acting Comptroller of the Currency in recent memory, has recently joined a newly expanded consulting firm named Patomak Global Partners as the EVP and Chairman of the Banking Supervision and Regulatory Group.  His insights about our industry have always been valuable and well-informed.   In the exchange below Keith shared his views on a number of key issues our industry is dealing with as we speak. 1.  Headwinds…

Chase’s Vision For Solving For Optimizing The Retail Model

June 18, 2022Posted inRetail
Banks have expressed wariness of the success of FinTechs in gathering deposits in recent years.  These organizations appear to be growing faster than our industry, building share and “eyeballs”, and yet, none has shown meaningful profits.  In fact, even many of those that have been acquitted by larger banks, such as Simple and BBVA, ended up sunsetting.  Fintechs traditionally focused on a narrowly defined product line and consumer segment. That, coupled with their never-ending quest for…