Branch Strategies and Regulation - Community Banking Brief

Branches will never result in 100% Financial Inclusion

Banking 4 Tomorrow

JANUARY 28, 2014

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'We're Not Wells Fargo' Won't Cut It with Regulators

American Banker

OCTOBER 21, 2016

Even if the cross-selling scandal is unique to Wells Fargo, banks nationwide will need to prepare for added regulatory scrutiny. Here's how.

Regulation

Regulation Branch Strategies Community Bank Community

Jeff For Banks - Untitled Article

Jeff For Banks

DECEMBER 1, 2020

From March through August, banks submitted closure requests to regulators for 893 branches. And since the floor fell out on the Fed Funds Rate this year, several including PNC, Wells, and US Bank announced more accelerated closures. During the same time last year, 967 were submitted. So there was an 8% drop.

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After Wells Ditches Incentive Comp, Will Other Banks Follow?

American Banker

SEPTEMBER 13, 2016

Under pressure from regulators and investors, banks that tout their sales cultures may have no choice but to follow Wells' lead and stop rewarding branch employees for hitting sales targets.

Regulation

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The Future for Banks Lies in Fewer Fees

American Banker

SEPTEMBER 6, 2016

Under pressure from regulators and consumer advocates, brick-and-mortar banks are now offering overdraft-free accounts. But online-only and community banks still have them beat as the type and number of fees associated with big-bank checking have multiplied.

Community Bank

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Efficiency now: 8 smart strategy tips

Independent Banker

JULY 31, 2022

Regulators made no bones about the fact that a number of additional rate hikes are likely to happen this year. Consider your branch strategy. Assessing the value of bank branches is an exercise that began long before the pandemic, but vaccine and mask mandates added new considerations to the debate. Play the long game.

Strategy

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Why Big Banks Would Do Well to Spin Off Credit Cards

American Banker

NOVEMBER 8, 2016

It is premature to say whether criticism of cross-selling and calls to break up the big banks will lead to action, but there is one area where a spinoff could actually be in the banks' interest.

Cards

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Wells' Stumpf Called to Testify for Third Time About Fake Accounts

American Banker

OCTOBER 4, 2016

Wells Fargo Chief Executive John Stumpf may get a third grilling by lawmakers over the fake account scandal that continues to embroil the San Francisco bank.

San Francisco

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Scrutiny of Wells Fargo Will Now Shift to the Board

American Banker

NOVEMBER 15, 2016

Following the regulatory orders against Wells Fargo and the resignation of its CEO, stockholders are likely to ask whether the board has responsibility and even liability for the bank's compliance failures.

Compliance

Compliance Branch Strategies Strategy Regulation

It Shouldn't Be So Hard to Dump Your Bank

American Banker

NOVEMBER 4, 2016

The spotlight on unethical sales practices at banks has likely led customers to consider abandoning their financial institution, yet too many factors stand in the way of making a switch.

Branch Strategies

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Wells Scandal Ups Ante on Compliance Officer Accountability

American Banker

DECEMBER 22, 2016

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.

Compliance

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Without Cross-Selling, Will Wells Have to Scale Back Branches?

American Banker

OCTOBER 13, 2016

Some analysts are suggesting Wells Fargo should start closing branches, in order to move beyond the phony-accounts scandal, make up for an expected drop in fee income from reduced cross-selling — and position itself for a digital future.

Branch Strategies

Branch Strategies Regional National Strategy

Does Cross-Selling Deserve to Be Demonized?

American Banker

OCTOBER 11, 2016

The Wells Fargo scandal has given cross-selling a bad name, but experts say that, done right, it is a crucial revenue driver in this era of razor-thin net interest margins. Their advice: Only sell products that customers need and compensate employees for retaining customers, not simply opening accounts.

Branch Strategies

Branch Strategies Regional National Strategy

After Brutal Hearing, What's Next for Wells Fargo?

American Banker

SEPTEMBER 20, 2016

John Stumpf may have hoped that Tuesday's hearing on Capitol Hill would mark a key turning point in Wells Fargo's blossoming scandal, but his harsh questioning by lawmakers — and his struggle to answer many of their questions — suggests that the embattled megabank's problems are just beginning.

Branch Strategies

Branch Strategies Regional National Strategy

Can Wells' Stumpf Survive Storm Over Phony Accounts?

American Banker

SEPTEMBER 14, 2016

John Stumpf was coasting toward a carefully planned retirement. But the outcry over sham accounts at the San Francisco bank has put him in a precarious position as he testifies in front of Congress next week.

San Francisco

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Banking's Ethics Problems Run Much Deeper than Wells Fargo

American Banker

NOVEMBER 14, 2016

The same incentives structure that encouraged bad behavior at the bank can be blamed for ethical mishaps in other industries as well as the government.

Industry

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Cost of Overdrafts on Rise as Reg Action Looms

American Banker

JULY 11, 2016

The combination of smarter consumers and likely CFPB action have, oddly enough, pushed banks, especially large ones, to raise overdraft fees in recent months.

Branch Strategies

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