Expert: Failures not a threat to community banks
The recent collapses of Silicon Valley Bank and Signature Bank don’t pose systemic risks to community banks, said Ben Eskierka, United Bankers’ Bank Chief Investment Officer. [Continue]
The recent collapses of Silicon Valley Bank and Signature Bank don’t pose systemic risks to community banks, said Ben Eskierka, United Bankers’ Bank Chief Investment Officer. [Continue]
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]
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]
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]
Banks should be aware of the latest fraud trends, training and encouraging their employees to adopt “a see something, say something” approach to preventing fraud, said Fredrikson & Byron Senior Associate Caitlin Houlton Kuntz. [Continue]
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]
Banks and their business customers can still benefit from using the Employee Retention Credit, an industry expert said. [Continue]
Community banks must broaden their strategic planning beyond growing loans and deposits to ensure long-term survival, said a pair of CLA principals. [Continue]
Lincoln-based consultant Sean Payant urged banks to grow their organizations by adding customers and not cutting expenses. [Continue]
Economist Elliot Eisenberg said the United States will likely enter a recession. He expects the downturn to last less than a year, however, and not be as severe as the Great Recession. [Continue]