News & Insights
Unified feed: Brian's Banking Blog + editorial posts.
Brian's BlogALCO meetings shouldn’t be quarterly.They shouldn’t even be monthly.And they definitely shouldn’t be run by the board.
The Asset Liability Committee needs to be a management-level committee, and they need to meet weekly. Especially in unstable economic times like these, A quarterly meeting to manage liquidity does almost nothing.
ALCObankingbanks6/6/2023Read →
Brian's BlogHow I would handle the implementation of a major API as a bank leader, knowing it would significantly change the roles of many of my employees:
1) Get out in front of it. Word will spread quickly if something like this is on the horizon.Rumors will spread, and most of them won’t be accurate. Don’t let that happen.
APIsautomationbanking6/3/2023Read →
Brian's BlogThe commoditization of core banking functions is NOT causing layoffs.
It’s simply giving time back to employees in order for them to do higher leverage work.With the vast improvements in AI and tech in general, there is growing risk of jobs being automated. And it makes sense to think that tellers and other bank employees would be right in line with this—but that’s simply not the case.
bankingbanksus banks6/3/2023Read →
BanksUS Bank Deposits Saw Huge Decline in First Quarter 2023
A new quarterly FDIC report confirms a large drop in US bank deposits during the banking crisis in the first quarter of 2023.
6/3/2023Read →
Brian's BlogCOVID stimulus was nice in theory—Increase economic activity by giving people more money to spend.
You can see both the money supply and the deposit curve increase by $5T in roughly the same time period. So all that stimulus for the people ends up being held by the banks. Makes perfect sense considering that’s where most people store their money.
6/1/2023Read →
Brian's BlogExcessive COVID stimulus has led to a giant game of whack-a-mole.
All the economic chaos that has happened and continues to happen can be traced back to the triggering event of COVID stimulus. $5T poured into the money supply that started the whack-a-mole game. Oh, economic activity is way down? We better whack that mole with some stimulus.
bankingbankscovid 195/31/2023Read →
Brian's BlogMore banks will fail in the coming months.
We may be through the worst of it, but we aren’t out of the weeds yet. To stay afloat, banks will have to manage liquidity well. When I consult with a bank struggling to manage liquidity, here’s how I get them to a safer place:
bankingbanksus banks5/27/2023Read →
BanksFirst Citizens Confirms SVB Worker Layoffs
First Citizens Bancshares has confirmed nearly 500 worker layoffs impacting former employees of failed Silicon Valley Bank.
5/27/2023Read →
BanksYellen Calls for Maintaining Diverse Banking Sector in U.S.
U.S Treasure Secretary Janet Yellen warns against further bank consolidation, praises the country’s diverse banking sector.
5/25/2023Read →
FinancialFed Survey Highlights Inflation’s Impact on Americans’ Financial Health
New surveys and polling confirm that inflation is having a devastating impact on the financial health of American households.
5/25/2023Read →
Brian's BlogIf there’s 1 piece of advice I could give to my 20 year-old self, it would be this:
Start a business, and get into sales ASAP. I got into sales at 32. Became a startup founder at 40. I might have been a late bloomer, but now I know firsthand that late truly is better than never.
bankingbusinesssales5/24/2023Read →
BanksPowell Suggests Moderation in Further Fed Rate Increases
Federal Reserve Chairman Jerome Powell hints at pause in further Fed rate increases, to assess progress in fight against inflation.
5/23/2023Read →