Subprime mortgages, greedy big banks and brokered deposits were at the root of the 2007 financial crisis, or so goes the case of federal regulators who helped saddle institutions big and small with Dodd- Frank. But a recent study by a former bank regulator and respected scholar, James R. Barth and a doctoral student Yanfei Sun, both from my alma mater, Auburn University, has … [Read more...]
Yes, bank marketers can learn something from reporters.
I can hear the loud chuckles and scoffing and see the fire engine red faces already. Over the last few years, news coverage of the banking industry has not been warm and fuzzy –e.g. Wells Fargo – but admittedly, that was the institution’s own doing. And while politicians have made it popular in their circle to howl “fake news” when something hits print, broadcast, or online … [Read more...]
Will Europe’s new banking laws skip across the pond.
In recent posts, we’ve (figuratively) pulled up a chair to discuss the way the financial services industry is changing, as technology opens the door for non-traditional players like Wal-Mart, Google, Apple and others to join the banking marketplace. In one of the latest – and most intriguing – developments, the European Union has handed down PSD2, the Revised Payment Service … [Read more...]
Six Social Media Time Management Tactics for Bank Marketers
The number one hurdle to using social media expressed by many bank marketers is, “I don’t have the time to use social media.” So how does a bank marketer find the time? Work Smarter, Not Harder By working smarter and implementing time management strategies, bank marketers can overcome the obstacles that keep them from investing in using social media. This can be done by … [Read more...]
An abundance of caution: Cryptocurrency and Community Banks
For those of us of a certain age, cryptocurrencies like bitcoin and others seem like a shadowy mystery figure in a 1940’s film noir classic. So it was for me, until cryptocurrency came home. A quick story: A few years back, my son invested $100 in a cryptocurrency exchange, Mt. Gox, at the time, the world’s largest Bitcoin exchange and wallet provider. His investment … [Read more...]