Most of the nation’s 10,000 banks and thrifts should aggressively begin efforts to help America's consumers kick their debt addiction. For most banks, the economic loss of not trying to pump more debt into plastic-bloated consumers will not be deadly and may be the best door opener for new investment and insurance services. [Read more]
The FDIC's First Quarter 2001 report on the banking industry reveals an alarming issue: revenue growth is simply anemic. Certainly, the revenue pressures in the first quarter were due to the fact that the banking industry experienced its sixth straight decline in net interest margin and now stands at the lowest net interest margin levels in almost 15 years [Read more]
For bankers and bank technologists, it's important to put every number we hear into perspective. Statistics quoted in the "thousands" and "millions" tend to exaggerate the impact of a technology. Therefore, I have scoured the Net and research journals to provide Gonzo readers with a quick scan of how folks are really using new technology and delivery channels. [Read more]