There are troubling signs of a looming recession even as economic numbers remain strong, economist Elliot Eisenberg said Oct. 8 during the Bank Holding Company Association fall seminar in Edina, Minn. Eisenberg was apprehensive over the recent rise in unemployment to more than 4 percent without an increase in firings along with a jump in credit card delinquencies — especially for 20-to-40-year-old customers. [Continue]
Banks that fall behind in the embedded banking space face the threat of becoming obsolete, said payments expert Peter Davey earlier this week during the UMACHA payments conference. [Continue]
Banks, customers and third-party providers have multiple avenues to prevent cyber fraud as such incidents are on the rise, experts said. [Continue]
The Federal Reserve will likely need to reduce interest rates at a faster pace than policymakers expect, said BHG Financial Chair and CEO Al Crawford on Aug. 27 during a regional company conference at the Lofton Hotel in downtown Minneapolis. [Continue]
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]
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]
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]