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Banking’s Climate Conundrum

Harvard Corporate Governance

Around the world, financial regulators have begun implementing policies to address climate risks among banks, insurers, and other financial institutions. My paper, Banking’s Climate Conundrum , argues that the United States’ sluggishness in responding to climate-related financial risk is problematic because the U.S. banking system is uniquely susceptible to climate change. The international Basel III capital accord established new global capital standards for banks in 2010.

Banking 178
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Know Your Customer: Informed Trading by Banks

Harvard Corporate Governance

Since the implementation of the Glass-Steagall Banking Act of 1933 concerns about combined banking operations, i.e., commercial and investment banking within the same universal bank, faded. Notwithstanding, the Global Financial Crisis in 2008 reinvigorated the debate about separating commercial and investment banking, resulting in the Volcker Rule and general requirements for ethical walls.

Banking 147
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Deregulation and Board Policies: Evidence from Performance Measures Used in Bank CEO Turnover Decisions

Harvard Corporate Governance

The banking industry has undergone substantial changes since the late 1970s, largely due to deregulation and rapid market developments. Over that period, banks’ growth opportunities expanded, and banks entered new markets, both geographic and product. In particular, several studies attribute changes in the structure of CEO compensation and incentives to the effects of banking deregulation on market opportunities and competition (e.g.,

Banking 137
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Life-centric banking with an analytics edge

McKinsey Public & Social Sector Insights

Bank Jago’s Peterjan van Nieuwenhuizen explains the value a life-centric banking approach has for AI banks. Insights on Financial Services Banking Asia-Pacific Artificial Intelligence Leadership Innovation

Banking 77
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The future of banks: A $20 trillion breakup opportunity

McKinsey Public & Social Sector Insights

Banking is radically transforming. Many banks can thrive by fundamentally changing the way that financial services are embedded into daily life. Insights on Financial Services Banking

Banking 111
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African banking: The productivity opportunity

McKinsey Public & Social Sector Insights

African banks can increase their productivity to enhance competitiveness, build resilience, and deliver new value to customers—even in the face of a tightening global business environment. Insights on Financial Services Banking Africa

Banking 93
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Reshaping retail banks: Enhancing banking for the next digital age

McKinsey Public & Social Sector Insights

The current model of universal retail banking is unsustainable over the long term. To thrive, banks need to reinvent themselves, focusing on businesses where they can achieve and extend market leadership in the new digital world.

Banking 95
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Central bank digital currencies: An active role for commercial banks

McKinsey Public & Social Sector Insights

With central banks increasingly exploring central bank digital currencies (CBDCs), now is the time for commercial banks to establish their role in a fast-changing landscape.

Banking 98
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Fed, FDIC, OCC Jointly Warn Banks About Crypto-Asset Risks

Reynolds Holding

The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) are issuing the following statement on crypto-asset1 risks to banking organizations. Susceptibility of stablecoins to run risk, creating potential deposit outflows for banking organizations that hold stablecoin reserves.

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Banking with empathy in an uncertain world

Avanade

Banks need to focus on how they can support the customer to save more and maximise investment, which has the potential to increase trust and loyalty. banking

Banking 80
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U.S. Bancorp Completes Acquisition of Union Bank

Business Wire M&A

Bancorp Completes Acquisition of Union BankMINNEAPOLIS--(BUSINESS WIRE)--U.S.

Banking 81
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Bringing the human touch back to digital banking

Avanade

How banks can balance both human advice and digital interaction in the way they engage with customers. banking

Banking 70
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Royal Bank of Canada plans UK commercial banking push

Financial Times M&A

Chief executive to look for more deals and expand in wealth management after £1.6bn Brewin Dolphin purchase

Banking 87
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Strategic M&A in US banking: Creating value in uncertain times

McKinsey Public & Social Sector Insights

Four actions can help banks maximize the value of their M&A. Insights on Financial Services Financial Services Banking Mergers & acquisitionsUncertain times can spell opportunity for companies seeking acquisitions—if companies proceed with care.

Banking 78
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Lazard expands venture banking unit as part of private capital push

Financial Times M&A

The investment bank is seeking to grow beyond advising on large-scale mergers and acquisitions

Banking 75
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Investment Banking in London: Equally Attractive Alternative to New York?

Brian DeChesare

In addition to Prime Ministers that serve for only 44 days and questionable weather/food, the United Kingdom is also known as a global hub for investment banking. Banks in London advise not just U.K.-based Broadly speaking, the top 3 banks in the U.S.

Banking 63
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Taking sustainability seriously: Are banks ready?

Avanade

In this blog post, Peter Barrett writes about Avanade’s research with Efma, a global financial services trade association, on how ready banks are to hit their sustainability goals. banking

Banking 81
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Best of both worlds: Balancing digital and physical channels in retail banking

McKinsey

Banking distribution needs to account for the evolving interdependencies between channels. Insights on Financial Services Retail banking DigitalAccelerating digital and upgrading the physical experience to “phygital” offers a viable solution.

Banking 113
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European private banking: Resilient models for uncertain times

McKinsey Public & Social Sector Insights

After one of its most successful years, Europe’s private banking industry will now need to navigate an uncertain macroeconomic outlook and evolving client needs.

Banking 98
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Banking and sustainability: It’s all about data

Avanade

Learn about how technology can help banks hit their sustainability goals, especially around data integration, analytics and reporting. banking

Banking 74
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Extending upmarket in US commercial banking

McKinsey Public & Social Sector Insights

Serving larger commercial clients is a significant growth opportunity for US midcap and regional banks—with the right strategy in place. Insights on Financial Services Banking North and Central America

Banking 67
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Australian Banking Association’s CEO faces uncertainty head on

McKinsey Public & Social Sector Insights

Future of Asia Banking Asia-Pacific LeadershipAnna Bligh, who formerly served as premier of Queensland, is no stranger to crisis. She explains how tough times can be an opportunity for positive change.

Banking 58
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Goldman Sachs’ Marcus Consumer Banking Move Turns Costly

NYT M&A

Goldman Sachs will take a big hit from its ill-fated move into consumer banking, even as its other businesses weaken amid an economic slowdown.

Banking 53
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How Mandatory Disclosure Affects the Takeover Market for Private Banks

Reynolds Holding

In a new paper, we contribute to this debate by investigating the role of disclosure mandates in the takeover market for banks. In general, banks are among the most opaque corporate entities. Privately held banks, though, are especially opaque.

Banking 56
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FCF Bank Monitor – Q4 2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q3 2022”. FCF regularly engages in research on the banking sector based on available data from the most active and.

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Twitter Subpoenas Musk’s Banks in Fight Over Acquisition.

NYT M&A

Twitter has sent out requests for information from the banks that are backing the billionaire’s purchase, which he is trying to walk away from. Musk, Elon Twitter Mergers, Acquisitions and Divestitures Banking and Financial Institutions Suits and Litigation (Civil) Social Media

Banking 82
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Banking on cloud: Why mainframe migration is essential to Asian finance

Avanade

In Asia, the signs of the times are unmistakable – open banking is here to stay. How can traditional banks keep up and compete with fintechs and digital banks? banking

Banking 76
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Columbia Banking System Announces Agreement to Sell Three Branches in Northern California to First Northern Bank

Business Wire M&A

BUSINESS WIRE)--Columbia Banking System, Inc. TACOMA, Wash. DIXON, Calif.--(BUSINESS

Banking 82
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The Front Office, Middle Office, and Back Office: How Banks Organize Their Dungeons

Brian DeChesare

Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role. First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.). Investment Banking - On the Job

Banking 78
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The Post-Internship Shuffle: How to Switch Banks, Groups, or Locations

Brian DeChesare

As investment banking internships wind down each year, interns everywhere wake up and mysteriously come up with a similar idea: “I want to switch banks for my full-time role! Unfortunately, switching banks, groups, or locations after your internship is much easier said than done.

Banking 69
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Should US banks be moving to next-generation core banking platforms?

McKinsey

Banks today urgently need a new core platform, but building one is time-consuming, expensive, and uncertain. It may help to think strategically and pursue a two-track process. Insights on Financial Services Financial Services

Banking 110
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The Proposed SEC Climate Disclosure Rule: A Comment from Norges Bank Investment Management

Harvard Corporate Governance

Posted by Carine Smith Ihenacho, and Severine Neervoort, Norges Bank Investment Management, on Sunday, July 24, 2022 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer and Severine Neervoort is Senior Analyst, Corporate Governance at Norges Bank Investment Management. This post is based on a comment letter submitted to the SEC regarding the Proposed SEC Climate Disclosure Rule by Norges Bank Investment Management, authored by Ms.

Banking 153
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Marijuana Banking: What Does Sen McConnell Want? 'It's Not Over 'Till It's Over' Says Analyst

Benzinga

Senate Minority Leader Mitch McConnell recently targeted cannabis banking reform (SAFE Act) when he called on Democrats Charles Schumer and Nancy Pelosi to strip the pot-related language from the defense bill last week before the National Defense Authorization Act (NDAA) was revealed.

Banking 83
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Benchmark International Wins Several M&A Atlas Awards: Investment Bank Of The Year (Small-mid Market), Deal Of The Year (Small-mid Market), And Logistics Deal Of The Year

Benchmark Report

Benchmark International was honored with several M&A Atlas Awards by the Global M&A Network , including: Benchmark International New York Mergers and Acquisitions Recognition #BenchmarkAwards business owners Deal of the year Global M&A Network Metropolitan Club M&A Atlas Awards Investment Bank of the Year Logistics deal of the year

Banking 52
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FRB Governor Bowman Speaks on Banking Competition

National Law Review M&A

Daniel Meade Jurisdiction: All Federal Type of Law: Administrative & Regulatory Financial Institutions & Banking Mergers & Acquisitions

Banking 73
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A Survey of Private Debt Funds

Harvard Corporate Governance

After the Great Financial Crisis triggered tightening of banking regulation, corporate lending has increasingly migrated out of the banking sector. Private debt funds raise capital commitments through closed-end funds (like private equity) and make senior loans (like banks) directly to, mostly, middle-market firms (i.e. There still is much that is not known about private debt funds, particularly compared to other types of intermediaries (banks, PE funds, and CLOs).

Banking 139
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Northern Florida Bank Acquired by DLP Bancshares

Business Wire M&A

BUSINESS WIRE)--DLP Bancshares today announced that it has acquired Community State Bank, a commercial bank with $225 million in assets headquartered in Starke, Florida, near Gainesville and Jacksonville. AUGUSTINE, Fla.--(BUSINESS

Banking 83
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The Logic and Limits of the Federal Reserve Act

Harvard Corporate Governance

central bank, expanded dramatically. They are content with a largely reactive central bank that preserves the integrity of a sprawling private financial sector. system of money and banking. That system uses government chartered, investor-owned banks to issue most of the money supply. Posted by Lev Menand (Columbia University), on Friday, March 25, 2022 Editor's Note: Lev Menand is Associate Professor of Law at Columbia Law School.

Banking 142
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Alerus Completes Acquisition of Metro Phoenix Bank

Business Wire M&A

OTCPink: MPHX), the bank holding company for Metro Phoenix Bank. GRAND FORKS, N.D. PHOENIX--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today it has completed the previously announced acquisition of MPB BHC, Inc.

Banking 82
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Investment Banking in Hong Kong: The Financial Center of the Future World Order?

Brian DeChesare

The first thing to understand about investment banking in Hong Kong is that it’s unlikely you’ll ever be able to work in investment banking in Hong Kong. The main difference with these large Western banks is that the European banks tend to be relatively stronger.

Banking 52
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How big banks are responding to sustainability: BBVA and ABN AMRO

Avanade

In this blog post, Peter Barrett writes about Avanade’s research with Efma, a global financial services trade association, on what he learnt from executives at two major banks, ABN AMRO and BBVA. banking

Banking 80
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Bluevine Unveils Banking Solution for Accountants

Accounting Web

Accounting Software News Bluevine Unveils Banking Solution for Accountants

Banking 62
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Taiwan’s bank problem for companies expanding abroad

Financial Times M&A

Country lacks a global or even regional lender that could accompany its industry in an internationalisation push

Banking 105