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December 19, 2012
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News for the retail banking industry

  Top Story 
  • Deposits outpace loans by $2T
    Bank cash deposits through Dec. 5 grew 8.7%, to a high of $9.17 trillion, according to Federal Reserve data. That's $2 trillion more than loans. U.S. households are cutting back on debt, saving more and facing tighter lending standards, while businesses "are sitting on large stockpiles of cash, and that just gets piled up and sits on bank balance sheets," said Pri de Silva, bank analyst at CreditSights. Bloomberg (12/18) LinkedInFacebookTwitterEmail this Story
  The CFPB Today 
  • CFPB announces reorganization of supervision department
    The Consumer Financial Protection Bureau is realigning its supervision department into two units, officials say. A supervision examinations team will focus on agency processes, while a supervision policy team will ensure that consistent policy decisions are made, they say. InsideARM.com (12/18) LinkedInFacebookTwitterEmail this Story
  Retail Banking Roundup 
 
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  Industry News 
  • Banks prepare for Russian cyberattack in spring
    If U.S. consumers knew how many financial and other institutions are being probed daily by cybercriminals, "they wouldn't sleep at night," says Mike Baker, a financial security expert and former CIA officer. He says banks are taking seriously the threat by Russian hackers to target thousands of financial institutions in the spring, but smaller banks and credit unions may be more vulnerable because they don't have the sophisticated security systems that bigger banks do. Fox Business (12/18) LinkedInFacebookTwitterEmail this Story
  • Other News
  Legislative Affairs 
  • Other News
  The Future of Money 
  • Report finds a surge in mobile banking
    Business consultant firm Bain and Co. says mobile banking is soaring, particularly in the U.S. Customers "highly value" using mobile phones to check balances, deposit checks and pay bills, and usage in the U.S. has jumped 50% since 2011. "Mobile banking presents profit-strapped banks with an opportunity to shift routine transactions from high-cost physical channels to much lower-cost digital channels," said Gerard du Toit, Bain financial services partner and lead author of the report. Credit Union Times (12/17) LinkedInFacebookTwitterEmail this Story
  Career Development 
  • Is networking cutting into your workday?
    Wasting half your day in a coffee shop is not an efficient way to network, Ryan Estis writes. Instead, try scheduling early morning meetings, stick to an agenda and use e-mail when possible. Also, avoid happy hours or dinner meetings that involve alcohol unless they're critical, he writes. PassionOnPurposeBlog.com (12/17) LinkedInFacebookTwitterEmail this Story
  CBA Connect 
  • CBA LIVE Early Bird Savings -- Register by Dec. 21
      
    Register by Dec. 21 and get the best rates for CBA LIVE 2013. Early birds save $300 and CBA Members can save even more with group discounts. Come to CBA LIVE 2013, March 11-13 in Phoenix and get the latest, most in-depth analysis of CFPB developments with tailored sessions across nine areas of retail banking. Now in its fourth year, CBA LIVE features expert panels and distinguished speakers. Make your hotel reservations today at the JW Marriott Desert Ridge Resort and save with special CBA rates. LinkedInFacebookTwitterEmail this Story

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  SmartQuote 
To be without some of the things you want is an indispensable part of happiness."
--Bertrand Russell,
British philosopher, mathematician and historian


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