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| CBA Convention | November 7, 2008 |
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Volatile Economy Shaking Up Economic Forecasts
A financial institution, large or small, stands to benefit from a review of the assumptions that are incorporated into its asset/liability models. Modeling results offer insight into an institution’s interest-rate risk position, affording management the opportunity to reposition the balance sheet to limit net interest income volatility in changing rate environments.
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Bankers Leading On LEED Will See More Green
Before the credit crunch overwhelmed our attention, the banking industry was chasing the “Go Green” bandwagon. The hope was that “Green” represented real opportunities for reducing bank operating costs. Today, it’s possible that Green can be more than that.
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A Taxing Problem
Fall is the time of year when children return to school, the business community awakens from the lazy days of summer and assessors’ offices around the state of Connecticut are fluttering with activity. October 1st is a key date in the assessment community – it is the date on which all real estate and commercial personal property is assessed for property tax purposes.
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Why ‘Sorry’ Isn’t In Many CEOs’ Vocabularies
Elected officials have been saying “I’m sorry” for everything from marital affairs to cross dressing to corruption, and CEOs toss around apologies like horseshoes at the company picnic.
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Nutmeg State Community Banks Face Uncertain Times
Recent economic activity has centered on bailing out the largest banks in the country and the elimination of the largest brokerage firms in the country. The turbulence is likely to impact Connecticut’s community banks in the form of higher FDIC insurance assessments. At the same time, mark-to-market requirements are being suspended and any Freddie or Fannie equity losses experienced by Connecticut community banks will be deductible.
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Behemoth Banks May Prove Costly To Consumers
The flurry of bank mergers that may help save the U.S. financial system from collapse will make it easier for the new banking behemoths to charge consumers higher interest rates on mortgages and credit cards – and antitrust enforcers won’t be able to stop them.
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Credit Cleaners May Take Consumers To Cleaners
With foreclosures, short sales and credit-card defaults at record levels, an aggressive breed of firms has sprung up offering to power-wash consumers’ damaged credit files and boost credit scores – thereby eliminating records of bankruptcies and mortgage delinquencies, even when the information is accurate.
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