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Temasek Cuts Raises, Bonuses Amid Coronavirus Outbreak

PYMNTS

As the Coronavirus circulates, Temasek Holdings Pte is instituting a company-wide wage freeze and requesting that senior management accept voluntary pay reductions for as long as one year.

Community 130
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The Future of Noninterest Income at Financial Institutions

Abrigo

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Once accounting for 46 percent of bank revenue (2003), more recently, noninterest income averages closer to 34 percent (2018). Community banks target growth. Types of Noninterest Income.

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Stealthy shopping for better service

Independent Banker

It’s no secret why Alpine Bank’s mystery shopper program has helped the community bank meet and exceed customer expectations over the past two decades. Alpine Bank’s vendor partner in its mystery shopper program is Second To None, a customer experience research and insights firm that schedules and manages the shopper reporting. “We

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Facebook Adds New Lobbyists In Libra Push

PYMNTS

Mike Crapo of Idaho, who was head of the Senate Banking Committee until 2003. Hollier also counts Microsoft and the Independent Community Bankers of America as clients. In the middle of July, Michael Williams of The Williams Group started lobbying for Facebook.

Idaho 122
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Jim Reber: Collateral advantage

Independent Banker

By Jim Reber, ICBA Securities As many community bankers are still picking up the pieces from their bond portfolio’s meltdown last year, it occurs to me that the breathtaking rise in rates has created at least one byproduct that is both unusual in frequency and tangibly beneficial for future performance. One is that they are loan surrogates.

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The Future of Checks – Tales From The Crypt

South State Correspondent

The banking industry, pushed by the events of 9/11, moved to check imaging by the Check 21 Act in 2003. Take the direct and indirect cost to manage a check from the banking perspective and divide that by the total number of checks per year as detailed above, and you have the graphic below detailing the recent history of a cost per check.

Fraud 195
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Addressing The Symptoms Of Pharmacies’ Cash Flow Ailments

PYMNTS

This kind of small business is a dying breed: recent stats from the RUPRI Center for Rural Health Policy Analysis at the University of Iowa found more than 16 percent of independent pharmacies shuttered their doors between March 2003 and March 2018, according to Washington Post reports.

Capital 130