Pay consultants and recruiters
say banks need such flexibility because heightened regulatory burdens make positions on bank boards less attractive than in other sectors.
He said banks need to get ahead of the game.
Not exact matches
«To get the true value, you
need the network effect,»
said Graham Warner, head of global transaction
banking product development in the Americas at Deutsche
Bank, told Business Insider in 2016.
A
bank, in particular,
needs to comply with countless regulations and so if she were to take a shortcut in the startup process,
said Contreras - Sweet, that would have come back threefold down the road.
He
said economic progress had made the
bank more confident that higher interest rates would be required over time, although some monetary policy accommodation will still be
needed.
Robert Walker, vice-president of ethical funds and ESG Services at NEI Investments,
says banks are recognizing the
need for fair compensation.
One is the live experience they
need of actually being in a working enterprise, whether it's a
bank or city government, and two it gives them the credibility of being able to
say, «Hey, we've got this installed at the city government and they've got this many taxpayers or employees or traffic.»
The investor was referring to a 2015 study from Goldman Sachs that showed 63 percent of millennials don't own a credit card and a third
said they won't
need a
bank in five years.
John Williams, the influential head of the Federal Reserve
Bank of San Francisco,
said in August that the Federal Reserve may
need to raise its inflation target.
Now, he
says, the experiences of the past few years suggest that central
banks will
need more room to maneuver in future crises.
Also last month, European Central
Bank president Mario Draghi
said the ECB would expand its stimulus program if
needed.
«We
need to complete the
banking union,» he
said, «Completing the
banking union means slightly different things for each member of the Eurogroup.
He has
said the BOJ
needs to double the amount of current account deposits commercial
banks placed with it to around 80 trillion yen to build expectations that inflation would rise to 2 percent.
«Sarah's taking advantage of a unique confluence of events, building the relationships that start - ups today
need to grow as fast as they can,»
says Kevin Armitage, senior vice-president at FAC / Equities, the investment -
banking division of First Albany Corp., which has worked with Gerdes during the past few years.
«In essence, the
bank's
saying what it has been
saying — it
needs to see the economy grow a little more quickly, [and] inflation move toward that 2 per cent target before we can look forward to interest rates going up.»
In a Bloomberg Television interview last month, he
said his
bank didn't
need a bitcoin strategy yet because the digital currency is still just developing and volatile.
«We
need more Canadian companies that go public,» he
says, noting Canada's markets have become far too concentrated in resource companies and
banks.
They often
say they
need to «verify» some personal information (typically a
bank account or Social Security number) to ensure you get the proper benefits.
Atlanta Federal Reserve
Bank President Raphael Bostic said the central bank needs to take a wait - and - see attitude over the impact of the Trump administration's proposed tari
Bank President Raphael Bostic
said the central
bank needs to take a wait - and - see attitude over the impact of the Trump administration's proposed tari
bank needs to take a wait - and - see attitude over the impact of the Trump administration's proposed tariffs.
«We don't
need every
bank in America or even every
bank in Colorado and Washington to suddenly start offering accounts to our businesses,»
said Deputy Director Taylor West.
«Meanwhile,» he
says, «I'm walking around this place like I own the
bank — you
need to feel that way when you cold call.
«The
need to repay TARP capital is what depresses [community
banks»] lending ability,»
says Rob Klingler, an attorney for Bryan Cave, a global business litigation firm, in Atlanta.
In his speech Chilton went on to
say, «We
need to find out specifically — and comprehensively — what
banks own relating to physical commodities.
Some
banks take the moral high ground and don't back vice businesses, but many
banks have an appetite for risk and just
need better guidance,»
says Brudner.
«I'm not afraid to make hard decisions when it's
needed and I have the support of 270,000 people,» he
said, referencing the
bank's workers.
Canadian CEOs and Finance Minister Jim Flaherty
say the same thing about the IMF's proposed global
bank tax: Canada doesn't
need it.
Deutsche
Bank needs to define and defend the core perimeter of the company, James von Moltke
said.
«If a
bank is too small, it might not be able to meet your
needs, and the same holds for a
bank that is too big,» he
says.
«If a
bank's minimum loan is $ 500,000 and you
need a $ 50,000 line of credit, don't be surprised when they don't return your calls,» Geshwiler
says.
«If the
banks need a particular type of skill, they have lots of money to throw at it,» Kholodenko
says.
Longtime
banking analyst Dick Bove of Rafferty Capital Markets
said J.P. Morgan Chase
banking executives Gordon Smith and Daniel Pinto should be considered for the top job at Wells Fargo,
saying there
needed to be new management at the
bank in order to fix it.
But he
said in a statement on Tuesday that if the agency does push ahead with such a charter, fintech firms would be supervised in line with similar, traditional
banks «with appropriate requirements for capital, liquidity, and meeting the financial
needs of its customers.»
«There's a feeling you
need tons of money and
bank financing and all kinds of crapola to start a business,» he
says.
David Treat, managing director for Accenture's financial services industry blockchain practice,
says in an emailed statement: «As we move into production implementations,
bank executives will
need a clear roadmap for how and where to rethink their strategies and redesign their operating models, which is why we undertook this unique study.»
Floriani from AXIA Ventures Group
said in a note that the political uncertainty seen in the past has also simmered down for now and the
banks will manage to go through the stress tests without the
need for extra capital.
Banks need to stop rewarding the kind of bad behavior that led to the Wells Fargo fake accounts scandal and other
banking misdeeds, New York Fed President William Dudley
said Monday.
Bank of Japan governor Haruhiko Kuroda
said he is in regular talks with Japanese Prime Minister Shinzo Abe about opening Japan to more immigration and other politically sensitive changes
needed to improve potential growth, currently estimated at only around one percent annually.
Poloz
said the
Bank of Canada would not only
need to recalibrate its models, and also reconsider what it thought it knew about the way economies work.
«You
need to do the same diligence you would with any kind of financial investment,»
says Ken Kirsner of
Bank of America, who has helped underwrite more than 200 nonprofit bond issuances around the country.
«The
Bank continues to stand ready to take whatever action is
needed to achieve its objectives for monetary and financial stability as the UK adjusts to new realities, and moves forward to seize new opportunities, outside the EU,» Carney
said.
Analysts
said the use of the word «symmetric» suggests that the Fed may allow inflation to run above its 2 percent target, a stance that would limit the
need for the central
bank to embark on a more aggressive path of monetary tightening in response to recent rises in inflation.
«They
need capital for legitimate reasons, and the
bank won't lend them money,»
says Uster.
That fear has been «mitigated,» Poloz
said, giving the central
bank greater freedom to cut interest rates, if it feels the
need to do so.
«It will reflect poorly on you if you come in to the
bank asking for $ 50,000, then they ask you to create a cash - flow projection and you find out that you actually
need $ 100,000,»
says Adam Hoeksema, co-founder of Muncie, Ind. - based ProjectionHub, a Web app to help entrepreneurs make financial projections.
Most small - business owners
need a
bank loan at one time or another, and applying for one involves much more than filling out paperwork and
saying a prayer.
For the first time since it started «stress - testing»
banks in 2014, none of Britain's major lenders would
need to raise extra capital, the BoE
said.
Lloyds operates in Germany via the
Bank of Scotland brand, which it acquired in 2008 as part of the takeover of HBOS and would still likely
need to capitalise the new entity in line with regulatory requirements, the sources
said.
«I am honored to have the opportunity to lead the Federal Reserve
Bank of New York and to represent the diverse
needs and economic challenges of all people living and working in the Federal Reserve's Second District and as a member of the Federal Open Market Committee,» Williams
said in a statement.
Britain's
banks could cope with a «disorderly» Brexit without
needing to curb lending or be bailed out by taxpayers, the
Bank of England
said Tuesday, after an annual health check on lenders.
So he called me and
said, «I
need you to fax over our financials to my
bank» — assuming that it would just increase his credit line, since he had always been such a good customer.»