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Bankers Lose Over Bank Branch Closures: But Now The Political Games Begin! https://lnkd.in/eqsE8AYm The Senate published their Report into Regional Bank Branch Closures late last Friday. https://lnkd.in/eTwWqxP7 I will be discussing this on my live YouTube show on Tuesday with Robbie Barwick. https://lnkd.in/esENvR-D But already, the award winning Journalist Dale Webster over at the Regional has written an excellent article: https://lnkd.in/ebyWBaXB Over the 13 hearings held across Australia and in more than 600 written submissions the only defence of the banks’ actions came from the banks themselves, but when their executives appeared to give evidence, all they managed to do was convince the senators of just how out of touch they were with their customer heartland. This arrogance was perfectly summed up by expert witness Andy Schmulow, Associate Professor of Law from the University of Wollongong. “When it comes to closing branches, Australia is a free for all in which banks are entirely unconstrained: there is no degree to which they are held to account in discharging their obligations to communities which have supported them for generations. This, it is respectfully submitted, is disgraceful and indefensible,” Dr Schmulow said. The senators agreed. On Friday they handed down an historic report with eight bold recommendations. But now lets see the actions to protect regional communities and access to cash. I want to see real action now, not just political games, so I will be watching closely. https://lnkd.in/g3P5Nmmb Go to the Walk The World Universe at https://lnkd.in/gFYzZZHe

Public sector banks were 75% of all bank credit in 2012-13 - they are only 57% now, with marketshare of private banks going up hugely (doubled from 19% to 39%).

What are Coulee Bank customers saying? Check out this 5-star review from John! ⭐⭐⭐⭐⭐ #BankWithConfidence #BankLocal #5StarReview

The number of Problem Banks, as reported by the FDIC, ticked up last quarter to 63 banks from 52 banks at the end of the last quarter. This is 1.4% of all banks in the United States and well within the "normal" range of 1-2% of total banks.

In her second article of the two-part series, p.s. associate Grayson LaMontagne compares the Republic Bank failure with other recent bank failures. Read more:https://lnkd.in/e566ZsHA

The US FDIC reported today that more than 60 US banks are on the brink of collapse due to insolvency, with a recorded loss of $517 billion dollars in the banking system just for Q1 2024 alone. Here are some suggested hashtags for the news article: - #USBankingCrisis - #FDICReport - #BankInsolvency - #FinancialCollapse - #Q12024Losses - #BankingSystem - #EconomicImpact - #USEconomy - #FinancialNews - #BankFailures https://lnkd.in/e_KG24BX

Think about how often you visit your bank in-person... What a surprise it was to read that Gen Z is averaging 6 in-person bank branch visits per month.   Some interesting points for consideration in the below Quad piece.

Improve Your Profits Without Going To The Bank ▸ https://paxson.me/3uTDUrl #SmallBusinessConsulting #ExecutiveCoaching #OfferingLoyaltyIncentives #LeverageDigitalMarketing #BuildStrongRelationships #NegotiatingFavorableTerms #ReceivingBulkDiscounts #BusinessSBottomLine #PositiveWorkEnvironment #RewardingOutstandingPerformance

My latest piece for the FT's Banking Risk and Regulation publication. It's pretty interesting - and perhaps a little worrying - about what's going on in US commercial real estate. While the G-Sibs and many other large banks subject to Basel capital rules may be on top of things, things at some of the smaller regional and community banks are looking decidedly dicey https://lnkd.in/drZpwQWc

Follow the money, it goes from the Client's pocket to the bank, to the shareholders of the bank. The Clients are there for the benefit of the shareholders and all the pressure to extract revenue from them follows. The solution? Make the stakeholder the advisor, and only admit advisors that put their Client first. How do you tell which advisors put their Clients first? Our competition make that easy by attracting the advisors who want the big cheques at the expense of their Clients. There are plenty good advisors left at banks - they are the ones who know the sales culture pressure is wrong, but may not realize there is a good alternative since many independent dealers are just a ponzie scheme waiting for a buyer. So, in conclusion, if you are one of the good bank advisors, who hasn't left for a big cheque, but wonder how you and your Clients can get the #$%& out of there, and to a place run by advisors, where we are all collectively in service of our Clients... Then just hit the blue connect button next to my name and we'll show you a way out of the matrix...