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November 15, 2012
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News for the retail banking industry

  Top Story 
 
  • Nash explains why selling Citizens Republic made sense
    Cathleen Nash, president and CEO of Citizens Republic, led the bank back to profitability but said she saw the need to sell as a result of low margins, slow loan growth and the high cost of complying with regulations. Compliance costs are particularly high for banks with more than $10 billion in assets, said Nash, a member of the CBA board of directors. Citizens Republic was nearing that threshold with $9.7 billion in assets. "If you're like $5 billion, you've got a runway to 10," she said. "But over 10, your world changes." AmericanBanker.com (free registration) (11/14) LinkedInFacebookTwitterEmail this Story
Will you be ready when rates rise?
The ability to determine the optimal rate and timing for each pricing cell is worth $1 Million of incremental income for each $10 Billion in deposits. To find out how Nomis Solutions can help you achieve these numbers click here.
  The CFPB Today 
Is Pricing Low Your Strategy to Success? Think again.
Pricing is the heart of a business. It affects everything you do and is affected by everything you do. Economists talk of supply and demand as key factors behind pricing—successful entrepreneurs manipulate demand by making their products more desirable. These six steps will help you determine the right price for your product or service, read the article and learn how to get pricing right.

  Retail Banking Roundup 
 
  • Fifth Third adds its own prepaid card to mix
    Access 360, which made its debut Wednesday, carries a fee of $7 a month for people who do not have an account at the bank and is accepted wherever MasterCard is. Fifth Third Bank's prepaid debit card comes shortly after the announcement by Wal-Mart Stores and American Express of their Bluebird prepaid card. "Prepaid cards are a fast-growing form of payment, and consumers see the value and convenience of using these cards for a variety of financial needs," said Steven Alonso, executive vice president and head of Fifth Third's consumer bank. American City Business Journals/Charlotte, N.C. (11/14) LinkedInFacebookTwitterEmail this Story
STRONG Consumer Finance Servicer Ranking Reaffirmed
Standard & Poor's Ratings Services reaffirmed its STRONG ranking of CenterOne Financial Services LLC. CenterOne has maintained this status since 2004 and is the only consumer finance, automobile loan and lease servicer to achieve this distinction — which is the highest ranking possible.
  Emerging Channels 
 
  • American Express offers mobile gift cards
    Mobile gift cards for retailers such as Banana Republic and Pottery Barn are on offer from American Express for the holidays. The cards are available for giving through AmEx's Membership Rewards program. An American Express survey found that 32% of consumers plan to use their smartphones for holiday shopping this year. MobileCommerceDaily.com (11/14) LinkedInFacebookTwitterEmail this Story
Building Workplace Trust 2015
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.

  Industry News 
 
  • SBA study: TARP money didn't spur small-business lending
    Rescue money given to banks during the financial crisis did not increase lending to small businesses, according to a Small Business Administration study. The study, conducted by DePaul University professor Rebel Cole, found that a reduction in small-business lending was greater at banks that participated in the Troubled Asset Relief Program compared with nonparticipants. CNNMoney/Fortune/Term Sheet blog (11/14) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  Regulatory Report 
 
  • Commentary: Bankers must become part of the Dodd-Frank solution
    Bankers must accept that the Dodd-Frank Act is here to stay and help agencies write the rules "in a way that curbs abuses without strangling credit or driving business costs sky-high," writes Barbara A. Rehm, American Banker's editor-at-large. "...The industry would be wise to use this time to help itself. Banks know (or should know) where their weak spots are, who their weak players are, what processes need improving. Instead of ignoring problems, or hiding them, they should go after them ahead of examiners." AmericanBanker.com (free registration) (11/14) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Legislative Affairs 
  • Bill requiring impact study of new rules is delayed
    A vote on a bill that allows the president to force independent regulatory agencies to weigh the economic impact of any new rule is being delayed by the Senate Committee On Homeland Security and Governmental Affairs. Financial regulators and reform advocates objected to the bipartisan Independent Agency Regulatory Analysis Act while bank groups supported it. The Huffington Post (11/14) LinkedInFacebookTwitterEmail this Story
  • Other News
  Career Development 
  • 3 reasons your e-mail inbox has a psychological hold over you
    Certain psychological characteristics are partially responsible for the pressure we feel to constantly check our e-mail and respond to messages, according to an article from the BBC. The concept of reciprocity makes us feel the need to respond to e-mails, even ones that aren't especially important. Meanwhile, the irregular nature of rewards provided by e-mail -- new messages don't necessarily come in on a set schedule -- makes checking our inboxes irresistible. However, you can resist this urge by setting specific times during the day to deal with your inbox. CBS MoneyWatch (11/12) LinkedInFacebookTwitterEmail this Story
  CBA Connect 
  • CBA LIVE 2013: The Future of Money
      
    Are you ready for the Future of Money? CBA LIVE 2013, March 11-13 in Phoenix, Ariz., will bring together the top executives in retail banking to learn, exchange ideas and identify solutions to the challenges facing our industry. Our 2012 event was a record-breaking success with more than 1,000 banking leaders in attendance! Now in its fourth year, CBA LIVE features expert panels and distinguished speakers across nine forums of tailored programming. Reserve your space today and join us for this must-attend event. LinkedInFacebookTwitterEmail this Story

Learn more about CBA ->CBA Online | Upcoming CBA Events | CBA Graduate School (GSRBM) | Follow CBA on Twitter | CBA on Facebook | CBA LinkedIn Group

  SmartQuote 
Keep your fears to yourself but share your courage with others."
--Robert Louis Stevenson,
Scottish novelist, poet and essayist


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