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Despite the recent surge in construction spending in New York, recent reports indicate the number of permits issued are down compared with prior years. The building congress which promotes the construction industry in New York estimates that while construction spending will increase this year, only 20,000 residential units will be created. This number represents a …

Construction Spending is Booming in New York Amid Certain Challenges Read More »

Obviously, no bank could stay in business for very long if it lost money on every loan it made. Yet, new accounting rules set by the International Standards Accounting Board would force banks to post losses every time they grant someone a loan on the theory that a certain percentage of loans ultimately go bad. …

Unintended Consequences Feared For New Rule on Loan Losses Read More »

While the economy slogs along at a snail’s pace and businesses of all sizes continue to persevere, banks remain steadfast in reigning back loans for small businesses.  Even though loans to small businesses were up 1% from last September, they are still 18% less than what they were in 2008 according to the Federal Deposit …

Recovery is Slow for Small Business Lending Read More »

 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 in the event they reach a point of potential failure …

Regulators Remain Unconvinced of Big Bank’s Ability to Safely Wind Down in a Financial Crisis Read More »

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 those which report assets of more than $50 …

Pulling Back the Reigns of Growth – Small Banks Restrain Progress Fearing Costly Regulations Read More »

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 than anticipated. The report showed the GDP increasing at a …

5 Items to Look Out for When the GDP is Announced Read More »

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 will come under intense pressure in the future …

Money Makes the World Go Round: How technology & globalization will change the face of banking in the future Read More »

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 by banks to through car dealerships.  Similarly, banks are also …

Banks Ease Lending Standards Regardless of Regulations Read More »

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.  According to some experts, keeping pace with change means testing …

Keeping up the Pace: Embracing changes in technology in order to stay relevant in a digital marketplace Read More »

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 better businesses that benefit our economy and our country …

Capstone Wishes You a Safe and Happy 4th of July! Read More »