Regional Meetings

Expert: Half-dozen banks will fail in coming weeks

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

Economist: Major recession unlikely despite troubling signs

Todd Buchholz

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]

Bullard: Interest rate above 5 percent likely this year

Federal Reserve Bank of St. Louis President and CEO James Bullard predicted the Federal Reserve Open Market Committee will raise interest rates to over 5 percent this year to ensure that inflation returns to its long-term 2 percent target. Bullard discussed the Fed’s approach to taming inflation and outlined his economic predictions for the coming year. [Continue]

Expert: Fintech buys of banks pose major threat to industry

The trend of fintech investor groups purchasing small banks is a “game-changer” for the financial industry, said Curtis Carpenter, Hovde Group Senior Managing Director, Oct. 3 during the Bank Holding Company Association’s annual fall seminar in Bloomington, Minn. [Continue]

Leaders of family-held banks discuss operations

Three longtime leaders of family-held banks discussed the approaches they take to their positions and how they plan to keep their banks running in a panel at the Bank Holding Company Association’s Spring Seminar at Omni Viking Lakes Hotel in Eagan, Minn.  [Continue]

More bankers embrace crypto as industry continues growth

Banks should only explore entering the crypto market after properly understanding the industry’s risks and undertaking necessary due diligence, according to a presentation from Wipfli LLP Principal Marcie Bomberg-Montoya and NYDIG Relationships Manager Tammy Bangs during the Spring Seminar of the Bank Holding Company Association.  [Continue]