Recent media coverage of Chase and BofA highlights some important issues about those banks and raises questions about the competitive landscape for the remaining 4,700(+/-) remaining players. JP Morgan Chase continues to grow. The Financial Times reports…
Search the term “loyalty programs” on the web and you are faced with 1,740,000 results. Consulting firms promote their preferred solution to keeping and growing customer revenues through loyalty. But even a quick scan shows how their recommendations differ…
There is lots of talk on social media about Central Bank Digital Currencies. Unfortunately, it has been feeding the conspiracy minded. Even more unfortunately, the conspiracy minded, as in other cases (JFK and MLK assassinations, Big Pharma’s power, Covid regulations…
I have long thought that every 15-20 years or so the banking industry finds a new way to blow itself up. But I may have been wrong. Yes, the terminal disease self-created by SBV relating to deposit concentration risk was a surprise to many, including me.
All companies, but, in particular, banks operate with limited bandwidth. I’m not talking about the speed of an internet connection or IT sophistication. What I am referring to involves a company’s limited ability to assess, prioritize, absorb, and act on multiple…
We’ve already read that venture capitalists are saying SVB and the venture capital industry have not been bailed out. And the President and Treasury Secretary have stated that no taxpayer dollars are involved. Those are lies.
What do Lloyd Blankfien(Goldman), Howard Schultz (Starbucks), Andrea Yung(Avon) John Mackey (Whole Foods), Peter Thiel (Paypal), J.P.Morgan (J.P. Morgan), James Gorman (Morgan Stanley), and the somewhat less successful like me and many others in business have…
I wrote what you are reading right now, but after studying The Age of AI and Our Human Future by Henry Kissinger and others, I felt compelled to explore the Chat GPT phenomenon being promoted by Microsoft Bing. To quote a CB Insights report…
GARP, the leading professional association of risk managers, recently asked to publish an adaptation of FIC’s newsletters on due diligence. Managing the due diligence process has become an increasing challenges for many banks, given the credit environment…
As far as I could tell only one Super Bowl advertisement mentioned banks. Early in the Super Bowl the ad, attached to this newsletter, appeared. Its first few seconds tell the story.