A half dozen smaller banks will fail in the next three weeks, predicted Don Musso, president of management consulting firm FinPro, earlier this week during a banking conference in Edina, Minn. “This is the world the regulators live in,” Musso said April 30 during the Bank Holding Company Association spring seminar. “Understand the brain drain … Read more
The U.S. economy is weaker than portrayed through unemployment numbers and by public officials, said Bell Bank Chief Investment Officer Greg Sweeney on April 29. [Continue]
Community banks, though relatively small, are attractive targets for cyber criminals as “low-hanging fruit,” said Banking Superintendent James Johnson on April 11 during the Iowa Division of Banking’s Day with the Superintendent. [Continue]
Interest rate cuts are unlikely in the near future due to lingering economic risks, said Federal Reserve Gov. Michelle Bowman on Feb. 12 during the American Bankers Association’s Conference of Community Bankers in San Antonio. [Continue]
Recently released climate risk principles for the largest banks reveal that regulators are losing sight of crucial safety and soundness risks, said Federal Reserve Gov. Michelle Bowman. [Continue]
The Midwest economy remains strong despite lingering shortages of workers and workforce housing, according to a pair of recent economic meetings. [Continue]
Prominent economist Todd Buchholz does not expect a major recession to strike but is worried that the shortage of workers, political polarization and deficit spending are hampering long-term growth prospects. The economy will worsen as gas prices remain high, Buchholz said, speaking Oct. 4 during the Bank Holding Company Association’s fall seminar. [Continue]
Whenever there is a banking crisis, bankers get blamed, but a former FDIC Vice Chair and 38-year Federal Reserve veteran told bankers the real culprits are those propagating undisciplined fiscal policy and bad monetary policy. Speaking at the Iowa Bankers Association convention, Thomas Hoenig said the last three major crises were caused by huge increases in federal spending and reactionary increases in interest rates that wreaked havoc on the economy and at the nation’s banks. [Continue]
Three bankers who are forging new relationships with providers of fresh technology recently shared their experiences during the opening session of the annual convention of BankIn Minnesota. [Continue]
While shrinking net interest margins are squeezing earnings, banks in the state of Iowa are in very good condition, concurred three regulators speaking on a panel presented at the 52nd annual convention of the Community Bankers of Iowa in Okoboji on July 20. [Continue]