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Tag >> Banks
Dec 02
2010

Are small business borrowers really paying attention?

Posted by annearf in Small Business Jobs and Credit Actsmall businesslendingCashBanks

annearf

The Obama administration and the SBA may have tried recently to loosen small business lending through new legislation. But a new study shows they have a long ways to go to reach small companies-or even to get them to understand what the SBA does.

 A study from CIT Group, which surveyed more than 300 small business owners, found that around 50 percent of respondents didn't know what the Small Business Jobs and Credit Act was or how it might help their companies. The study was conducted before the bill was signed into law. Still, it's legislation you'd think small businesses would have noticed, since it does such things as eliminating borrowers' fees, raising the loan guarantee to 90 percent from 75 percent, and increasing loan limits.  It also creates a $30 billion lending fund to community banks.

Nov 04
2010

Bank risk management is still important

Posted by dbedell in risk managementRiskFDICcounterparty riskCDS spreadsCashBanksAite Group

dbedell

Even as companies begin to show signs of optimism in the state of the economy, and as the Fed announces the investment of a further $600 billion into quantitative easing, it is important for businesses to remember that the US banking markets are still at risk, and to manage that risk accordingly.

Of the more than 7,000 banks that make up the smaller banking market in the US, there have already been 139 failures this year, according to data from the FDIC, highlighting the importance of actively monitoring risk with your banking partners.

Nov 01
2010

Paypal gets in on the business payments game

Posted by dbedell in TechnologypayrollPaypaldisbursementsCashBanksB2B payments

dbedell

It was only a matter of time. Banks have seen their payments margins squeezed amidst increasingly tough competition. So it was inevitable that one of the biggest upstart consumer payments platforms—Paypal—would make a move into the corporate payments landscape.

The payments processor that started life as a complementary service to eBay, and has since grabbed up a huge chunk of the online B2C payments market, has launched Paypal Business Payments.

Aug 25
2010

Ramping up for the next CMBS boom

Posted by mcole in RiskDealscommercial real estateBanks

mcole

The US commercial real estate market continues to struggle but Wall Street is already betting on a resurgence of the commercial mortgage-backed securities market.

US commercial real estate prices declined by 4 percent in June after two months of price increases and are still 41.4 percent below the peak recorded in October 2007, according to data from Moody's Investors Service. Delinquencies on loans in CMBS also continued to rise in July, though at a slower pace, according to Fitch Ratings.

Aug 24
2010

Trups will no longer count as banks' Tier 1 capital

Posted by mcole in Riskhybridsfinancial reformDealsBanksBanking

mcole

The Dodd-Frank financial reform is allowing banks to redeem trust preferred securities at face value for 90 days. So far, large banks haven't used the redemption provision and they may not take the opportunity at all.

The new law is offering this option as trust preferred securities, also called Trups, will no longer qualify as Tier 1 capital. The exclusion will begin in 2013.

Aug 23
2010

Banks reduce Level 3 assets

Posted by mcole in securitizationRiskfair valueBanksBanking

mcole

Large US banks have reduced hard-to-value Level 3 assets since the beginning of the year, according to quarterly filings, but it doesn't mean their balance sheets are in better shape.

The decline was modest for some banks, especially compared with the sharp improvement in 2009 when banks raised equity and reduced leverage. In addition, the recent requirements to consolidate off-balance sheet vehicles helped remove some assets from the Level 3 bucket--but only to reclassify them under different categories on balance sheets.

Aug 20
2010

More trouble for banks

Posted by Ron F in Supreme CourtsecuritizationRiskmortgagesmortgage foreclosuresloan lossescomplianceCitigroupCitiCaliforniaBanksBanking

Ron F

This trend has now reached California, so it's about to become a whole lot more meaningful.

Again, this may be a matter of paperwork, but at minimum, it seems like banks will have to spend time and money straightening out their claims to homes on loans they've securitized.

Aug 19
2010

A better way to boost demand

Posted by Ron F in Riskrecoveryrecessionfinancial market reformfinancial crisisFederal ReserveFedeconomycareer advancementbubblesBanksbank lending

Ron F

Bear with me here. This is going to be one of those "out there" posts. But Steve Randy Waldman takes an interesting stab at a problem I've been wrestling with, at least in the furthest reaches of the financial corner of my brain, since the financial crisis began.

And that is how to stimulate the economy without creating another asset bubble. It sounds easy enough to the Keynesians, but as Waldman has pointed out before, rebooting aggregate demand through traditional government action may simply create another bubble. And ultimately, the distinction between monetary and fiscal policy may be moot.

Aug 18
2010

Why regulators shouldn't listen to economists

Posted by Ron F in RiskRegulationNew York Fedfinancial crisisFederal ReserveFedcomplianceBanksbanking reformBankingbank failures

Ron F

This brouhaha over the Boston Fed's rationalization for missing the housing bubble reminds me of a conversation I overheard a few weeks ago between a former Federal Reserve bank supervisor and his counterpart at the New York Fed.

I can't give you their names since they were conversing privately a few feet away from me before the start of a conference on financial regulation (nor can I give you the name of the confab since that would give their identities away), and I just managed to overhear the exchange.

Aug 16
2010

JPMorgan, Cablevision case creates CDO uncertainty

Posted by mcole in securitizationJPMorganDealscompliancecollateralized debt obligationCLOscableBanksBanking

mcole

A recent court decision involving JPMorgan and Mexican cable operator Empresas Cablevision sent another blow to the securitization market, and especially to collateralized loan obligations (CLOs), but gave more of a say to borrowers when lenders want to pass on their loans to others. It could have a broad-reaching impact on structured financings.

At the end of July, the US District Court for the Southern District of New York invalidated a participation granted by JPMorgan to another bank in a loan from JPMorgan to Cablevision. The terms of the loan allowed participations, but the court recharacterized the participation as an assignment-which required the borrower's consent.

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