October, 2011

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Tweet Stream: Dick Durbin Staffers on the Durbin Amendment

Jeff For Banks

'Today I had a Twitter conversation about how the Durbin Amendment turned out to be a boon for retailers and a bust for financial institutions and consumers. Senator Dick Durbin from Illinois sponsored the amendment to the Dodd-Frank Act, decrying the unfairness of the debit interchange fees charged by financial institutions to retailers and how it inflated costs to consumers.

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Brand Leadership: What does it mean? What should it mean?

Jeff For Banks

'I am a student of my industry: consulting and banking. If bankers tell me their institution has a superior brand, I want to know what that means. Too often I am told that the FI has a superior brand because customers come up to senior executives and board members on the street and tell them so. I am no statistician or expert on human behavior, but I have to believe that people willing to approach senior executives or board members of the local financial institution are probably going to say som

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Occupy Wall Street: Occupy This!

Jeff For Banks

'The Occupy Wall Street gang seems to garner more press coverage than the state of the U.S. economy, the presidential election, and the MLB playoffs combined. In terms of media excitement, only the trial of Michael Jackson''s doctor competes. Who are these people and what do they want? The press can''t even figure it out and spin it to something cohesive, even though they really, really, really want to.

Lending 73
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The Elephant in the Room: Branches

Jeff For Banks

'In keeping up with industry reading it is clear to me that we, as an industry, are perplexed at what to do about branching. The recently released FDIC Summary of Deposits showed the second year of branch decline. The most recent ABA study on delivery channel preference showed online banking eclipsing branch transactions for the 55+ set. That''s right. old people letting their fingers do the walking.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Common Sense to Successful Strategy Execution

Jeff For Banks

'The title of this post is a modification to the original, The Secrets to Successful Strategy Execution , originally published in Harvard Business Review in 2008 by Booz & Co. consultants. As the authors noted in the article, " A brilliant strategy, blockbuster product, or breakthrough technology can put you on the competitive map, but solid execution can keep you there.