The Great Debate

from Breakingviews:

Ushering Eric Cantor to revolving door

August 7, 2014

By Rob Cox

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Secrecy’s out, so here’s what Swiss banks can still offer

By Peter Gumbel
May 22, 2014

brady555

If Swiss banks were to cast off their usual discretion and make a marketing pitch these days, it might start off something like this:

The dark side of bank dividends

May 8, 2013

In April, U.S. banks dusted off the dividend again, a trick they’d mostly abandoned during the financial crisis. JPMorgan Chase plans an 8-cent-per-share hike. Wells Fargo’s will be 5 cents. Same for Morgan Stanley. Bank of America will raise its dividend a penny. Some might celebrate the move: The banks are back! But there’s more to it. In this fairly anemic economy, dividends are yet another strategic, if counterintuitive, hedge that won’t get our loved and loathed financial institutions lending again anytime soon.

A blueprint to make banks behave

By Jermyn Brooks
March 5, 2013

Banking integrity has become an oxymoron. Top bankers need to change this and take responsibility for tackling ethical issues. For this to happen, every part of the organization – from senior management to human resources managers to those on the trading floor and beyond – should be assessed according to the contribution it makes to promoting ethical values, not just the bottom line.

Good riddance to the tax refund loan

By Kai Wright
April 17, 2012
Tax season is full of familiar rituals – mounds of receipts on the kitchen table, midnight news reports from the post office and, of course, all those wacky come-ons from tax preparers promising easy money.

There are the Liberty Tax guys dancing at strip malls in Statue of Liberty costumes. The “FA$T CA$H” banners plastered on storefronts. And in a cult classic of advertising, all over the South there were those ridiculous Mo’ Money Taxes commercials in which buffoonish Southerners bumble through financial crises. Each one ends with advice on how to avoid a similar mess: “Just come on down to Mo’ Money!”

All of these campy promos are actually selling costly loans against your own money, but they have in fact generated lots of easy cash – for the lender, if not the borrower.

Why the bank dividends are a bad idea

By Anat Admati
March 14, 2012

On the basis of “stress tests” it ran, the Federal Reserve has given permission to most of the largest U.S. banks to “return capital” to their shareholders. JPMorgan Chase announced that it would buy back as much as $15 billion of its stock and raise its quarterly dividend to 30 cents a share, up from 25 cents a share.

Three disturbing trends in commercial banking

By Christopher Papagianis
March 13, 2012

The recession officially ended in July 2009, and yet the speed and scope of the subsequent recovery have been disappointing. Recent economic data have been encouraging, but there are three ominous trends in the consumer banking space that signal the waters ahead may be choppy.

Cutting out the banker middleman

November 16, 2011

By Don Tapscott
The views expressed are his own.

In the wake of the 2008 global financial crisis, we need to rethink and redesign many organizations and institutions that have previously served us well but are now beginning to falter. Fortunately, the Internet lets us do this. It slashes collaboration costs and makes possible completely new models of combining people, skills, knowledge and capital for economic and social development. Around the world, individuals and groups are working together, developing new businesses based on peer-to-peer (P2P) collaborative networks.

from The Great Debate UK:

EU stress tests: for banks or governments?

July 19, 2010

- Laurence Copeland is a professor of finance at Cardiff Business School. The opinions expressed are his own.-

from The Great Debate UK:

Cameron tasked with changing Brits’ expectations

May 12, 2010

-- Mark Kobayashi-Hillary is the author of several books, including ‘Who Moved my Job?’ and ‘Global Services: Moving to a Level Playing Field’. The opinions expressed are his own --