It’s High Time To Stop The Dodd-Frank Blame Game

August 15, 2018

Eight years after The Wall Street Reform and Consumer Protection Act was signed, there are still a number of analysts and lobbyists who keep blaming this landmark financial reform legislation for alleged slowdowns in the US economy. Read more

Second Quarter GDP Was Great, But There Will Be No Encore Soon

Tabb Forum
August 6, 2018

The Bureau of Economic Analysis of the US Department of Commerce recently announced that the nation’s estimated gross domestic product, which is the value of all goods and services produced in the nation, increased at a seasonally adjusted annual rate of 4.1 percent during the second quarter of this year. This is the largest gain since the third quarter of 2014. The revised GDP estimate for the second quarter, based on more complete data, will be released on August 29, 2018. Real GDP for the first quarter was revised slightly upward, to 2.2% from 2.0%…Read More

Trump’s Tariffs Threaten Banks’ Credit Portfolios

Tabb Forum
July 30, 2018

Banks’ senior executives and risk management must create a framework to analyze how tariffs and reduced foreign investment in the US might affect their banks’ existing and future borrowers’ ability to repay existing credit lines. Here’s what they need to look out for…Read More

Banks need to brace for Trump’s tariffs

American Banker
July 25, 2018

Banks of every size should not wait to figure out how tariffs and reduced foreign direct investment may affect their credit portfolios. In the short term, trade tariffs will disrupt the supply chain of numerous companies, while in the long term, an intensifying trade war and reduced foreign direct investment will hamper U.S. GDP…Read More

All of New York should worry about Westchester’s slowing housing market

Crain’s Business New York
July 26, 2018

In light of negative housing market news, what should elected officials at the municipal, county, and state level do? They absolutely need to create a long-term financial model and plan to determine whether they can withstand economic or market downturns. For decades, municipal officials punt doing serious planning and kick the can down the line in to the future. Well, the future has arrived. Elected officials need to canvass their constituents through surveys or focus groups to determine what their priorities are and include them in the long-term financial plan. Elected officials also need to go through their budgets with a fine-tooth comb and get rid of projects that are only for special interest groups rather than for the good of all of their constituents…Read More

Weakening of Dodd-Frank Means It is Back to School Time

June 7, 2018

The good news on Wall Street for many banks is that the Trump Administration passed the Economic Growth, Regulatory Relief, and Consumer Protection Act. While the law benefits community banks, it is also weakens rules for many banks in the range of $50-250 billion in assets. The bad news for the rest of the US is that the changes to Dodd-Frank will make more work for banks’ risk managers, auditors, and compliance officers, as well as for ratings analysts and state and federal bank examiners…Read More

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