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Wells Scandal Ups Ante on Compliance Officer Accountability

American Banker

At a time when individual accountability at corporations is mounting, here is how compliance officers can detect and prevent fraud occurrences within their own firms.

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The Elephant in the Room: Branches

Jeff For Banks

But the progressive talk about the future of the branch at times lacks common sense, in my opinion. This dates back to an interview I did with American Banker about a community FI that was opening coffee shop branches. So what about these big branches that we all have? The community FI may not have this luxury.

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Efficiency now: 8 smart strategy tips

Independent Banker

Fallout from recent global events presents an obstacle to generating revenue for community banks. As we enter budgeting season, the answers might be found in a mix of strategies. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ?

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Wells Fargo Just Gave Small Banks a Big Gift

American Banker

The scorcher at Wells is giving some community bankers an opening to differentiate themselves from larger institutions that seem fee-dependent or "too big to manage.".

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Breaking Branch Mediocrity

Jeff For Banks

Why add a protective wrap of additional employees around your branches? Because branch staff are too busy with operational duties to go out into the community and pro-actively hunt for business. I’ve been to a lot of branches as I travel the land looking for opportunities for banks to improve profits.

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Banker Quotes: As Told to Me v7

Jeff For Banks

Since I estimate my Twitter community only reads about 10% of their tweet stream, and so many of my blog readers do not follow Twitter, below are selected quotes that I tweeted since version 6. Bank CEO on his future strategy: A few locations and tons of digital. The real successful ones know how to analyze it and act on it.

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Tech Can't Replace a Sales Call (Yet), But It Can Make One Better

American Banker

Belmont Savings in Massachusetts isn't trying to fire or replace its employees who work the phones pursuing sales leads, but it has made some technological investments to get more out of them.