Richard's Rapid Fire

  • September 16, 2016
    CBA Elects Ross Carey of U.S. Bank as Chairman A big congratulations to U.S. Bank’s Ross Carey , who was elected to succeed Will Howle of Citi as CBA’s Chairman of the Board, and Brad Conner of Citizens Financial Group, who was named Chair-Elect for 2017. I thank Will for his service as Chairman and I look forward to continuing to work with him in his new leadership role of Immediate Past Chair...
  • September 9, 2016
    Interchange Alert -- Interchange Alert -- Interchange Alert! Next week, the House Financial Services Committee is expected to vote on the Financial CHOICE Act , which includes a repeal of the Durbin Amendment. Under the Durbin Amendment’s mandated price control, consumers have failed to see the savings promised by proponents of the measure while also losing out on many affordable banking products...
  • September 1, 2016
    While the Banking Industry Improves, Challenges Persist, FDIC Chairman Says This week, the FDIC released its Quarterly Banking Profile for Q2 , which showed the banking industry posted earnings of $43.6 billion, up 1.4 percent year-over-year. The report attributes this earnings bump to expanded loan portfolios that led to a 4.8% increase in net interest income. At just 4.5%, the number of...
  • August 26, 2016
    CBA Board Chairman Will Howle Appointed to CFPB Board Last week, the CFPB announced new appointments to its advisory board and councils, three of whom are CBA members. The Bureau appointed CBA Board Chairman Will Howle, President of U.S. Retail Banking at Citi, to serve on its Consumer Advisory Board; Cal Ratcliff , former CBA CFPB Committee Chairman, current CFPB Committee member and Bank of...
  • August 19, 2016
    CFPB Employs Undercover Tactics On Thursday, The Wall Street Journal reported the CFPB is under scrutiny for sending two undercover employees into a BancorpSouth branch to apply for a home loan. The experience resulted in charges of lending discrimination against the bank. In response to critics, the Bureau argues other agencies have employed identical tactics, including the Justice Department...
  • August 12, 2016
    Economists Predict December Rate Increase A new WSJ survey out this week shows 71% of economists believe the Fed will raise interest rates at its December meeting. This is a complete reversal of opinion from the Journal’s two previous surveys on the topic. In July, about half of economists polled expected the Fed to raise rates, and a mere 7.8% held this opinion in June. Strong employment numbers...
  • August 5, 2016
    CBA Executive Banking School Graduates 87 Bankers On Tuesday, 87 of the industry’s top bankers received their diplomas and graduated from CBA Executive Banking School . Our graduates completed three years of rigorous coursework designed to prepare them to successfully lead the industry. Congratulations to the Class of 2016, our honors graduates, and this year’s Tem Wooldridge Award recipient —...
  • July 29, 2016
    #CBAExecutiveBankingSchool Welcomes Over 300 Students CBA Executive Banking School is in full swing! This week, more than 300 students joined us at Furman University in Greenville, S.C. to perfect their retail banking skills. I have to say, with dedicated students like these, the future of the industry is bright. Once again, bank dinner night was a tremendous success! Many of our students took...
  • July 22, 2016
    School’s In For Summer: CBA Executive Banking School Starts Monday This weekend, more than 300 students representing 45 banks from across the country will meet at Furman University in Greenville, S.C. for CBA’s 64 th year of Banking School . Our esteemed faculty is projecting 88 bankers will graduate on Tuesday, August 2, 2016. Included in this distinguished group of students will be this year’s...
  • July 15, 2016
    Bank’s Q2 Earnings Reports Kicking off second quarter earnings reports, JP Morgan Chase sprinted out of the gate by posting a profit of $1.55 per share, compared to an estimated $1.43 per share. Following suit, Citi reported profits of $1.24 per share, compared to an estimated $1.10 per share. Rounding out the week, Wells Fargo held steady with earnings of $1.01 per share. We look forward to...

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