Visa's Image-making: Marketing or Legal Defense?
December 30, 2009
Visa's Image Overhaul - US Banker Article | www.americanbanker.com
The article notes that Visa's new ads are the first of their kind since its IPO 2 years ago. Their goal is to influence the outcome of the interchange wars with its merchants (before Congress and in court) and to cause public and private sector VIPs to recognize that it is not an issuer of bad old credit cards. The ads do not state why it took Visa so long to put on a better face.
Cascade Bancorp (CACB) Risk v Reward Cascades Towards Risk
December 28, 2009
Cascade Bancorp (CACB) said it planned to withdraw a stock offering | online.wsj.com
With the pending recovery leaning on the growth of various industries including Community Banking; one such bank [Cascade Bancorp (CACB)] has not provided investors positive reasons to assume the risk of accumulating its holding company's shares.
2nd Generation Family Business Continuity Challenged
December 26, 2009
Small-business owners pass on entreprenurial spirit to family | www.usatoday.com
Past experience has proved if you had a family member who started a business, you are more likely to become an entrepreneur than someone who didn't.I suspect this tenet will be challenged going forward.
Is federal banking preemption a benefit or trap for banks?
December 11, 2009
House Deal Bolsters Defense of Preemption - American Banker Article | www.americanbanker.com
The banking reform bill in Congress will include a provision to almost totally preempt the application of state law to federally chartered banks, like Chase, Wells, Citi, et al. Its sponsors have offered it to soften banking resistance to other parts of the bill (e.g., the creation of a super-consumer protection agency). Preemption protects banks from balkanization by patchworks of conflicting and overlapping state statures. As such, it allows for greater cost predictability.
The UK's retail banking industry, a great opportunity to follow Banco Santander
November 28, 2009
Santander launches 'fee-free' bank account | www.guardian.co.uk
The US retail customers and government has had enough of excessive banking fees, and similarly the UK's retail banking industry, a great opportunity to follow Banco Santander's lead.
What GAO card study means to interchange legislation & NY lawsuit.
November 20, 2009
GAO: Let Card-Fee System Stand | online.wsj.com
The GAO study of bankcard interchange fees is a mixed bag for the industry. It upholds the practice (in contradiction to the lawsuit against the practice in New York) but points to numerous ideas about how its excesses can be reduced. The latter could propel the Welsh bill in Congress toward enactment. It would allow merchant actions to pressure issuers to accept lower interchange fees. The study's ideas could also play a role in crafting a settlement of the NY suit.
More Under Armour Red Flags...
November 20, 2009
Stock Jocks Punish Under Armour's Mathletes | www.cnbc.com
Under Armour's most recent 10K contains a number of financial reporting "red flags" that reflect a cavalier attitude toward financial reporting transparency.
Financial Armageddon off the table; now what?
November 19, 2009
Goldman Sachs launches $500M small-business venture | www.njbiz.com
Since we all seem to agree that financial Armageddon is off the table, and multiple iterations of TRILLIONS of dollars of current US taxpayer capital & debt has flooded the economy, we all seem to also agree the future impact of this indebtedness is unknown.We also seem to agree that US small business can take us forward and create more opportunity and jobs.
Populist Politics Threaten Card Industry Recovery & Survival
November 19, 2009
US Credit Card Sector Faces Punitive Hostility | www.ft.com
The letter in today's FT (I am one of the authors) questions whether new and proposed legislation by Congress can kill the credit card industry.
What the Former SEC Chairmen Missed...
November 19, 2009
Don't Let Banks Hide Bad Assets | online.wsj.com
Conceptually, the arguments favoring fair value accounting are sound and quite appealing. Unquestionably, financial statement users will benefit from data about how a company’s assets and liabilities change in value during a reporting period. However, there are two major issues associated with fair value reporting that accountants, investors, legislators, and regulators need to address in the wake of our most recent financial crisis.
E-Insurance: When will the insurance industry adopt modern communication tools?
February 14, 2012
ATMs could distribute prepaid Visa cards
January 23, 2012
PayPal can thrive as a standalone company
January 9, 2012
Europe's CO2 Emissions Trading System works, but it can be improved
December 16, 2011
European women wonder why their insurance premiums will increase
December 15, 2011