As part of the 2010 Dodd-Frank regulatory scheme, banks are required to submit an annual “living will” detailing, among other things, the bank’s operations and exposures, in addition to a plan of how the bank could be dismantled without relying on tax payer funded support...
Banks have come under intense scrutiny in recent years following the financial crisis that began in 2007. The regulatory pressure doesn’t seem to be letting up anytime soon as regulators attempt to reign in banks designated as “systemically important.” According to regulators, systemically important banks are...
The Bureau of Economic Analysis released an advanced estimate of the United States GDP for the second quarter earlier today. After what many would have designated as a weak first quarter, the US economy gained some momentum in the second quarter and came in stronger...
Technology has always had a way of dramatically changing an industry. The banking industry is no exception. According to experts, technology, globalization and demographics will be the catalyst that will drive changes in banking over the next 100 years. Competition in Consumer Banking Traditional consumer banking...
In a recent report issued by the Office of the Comptroller of the Currency (OCC), certain areas of concern were highlighted which identified where banks took on more risk in pursuit of profits: high-yield loans issued to more speculative borrowers and indirect auto loans issued...
Is your company keeping pace with new innovation and technology? If the answer is no, it is likely your company will not last very long. In order to survive in a digital society, companies must embrace and keep pace with changes in innovation and technology. ...
The 4th of July is dedicated to honoring our great nation and taking the time to appreciate and celebrate our independence and freedom. Thanks to all of our loyal customers and partners, we continually work together to help this country thrive. Together we build, fund and grow...
According to a recent report detailed in a publication entitled “Global Entrepreneurship Monitor”, 2013 was an optimal year for start up businesses. The report was based on a survey of adult American entrepreneurs between April and June of last year. The report reflected a steady...
