Podcasts about commercial banks

In this edition, HFS Elena Christopher and Cognizant's Nageswar Cherukupalli, Meena Athinathan, and Manan Gauba discuss the findings of HFS' Horizons report "The Best Service Providers for Commercial Banks, 2025." They discuss the top trends in commercial banking, including macroeconomic impacts, the unique nature of CX in commercial banking, the trends toward build AND buy, and how Cognizant is approaching these challenges with its clients. You will learn: The nuances of how commercial banks can cater to the needs of a range of commercial customers, from SMBs to corporates. How personalization, connectivity, security, and trust are essential to successful CX in the commercial banking domain. The essential role of ecosystem partners and the rise of service providers as ecosystem orchestrators. For more insights on commercial banking, HFS Horizons: The Best Service Providers for Commercial Banks, 2025 is a must-read - https://www.hfsresearch.com/research/hfs-horizons-the-best-service-providers-for-commercial-banks-2025/

Parliament's Trade, Industry and Competition Committee wants commercial banks to appear before it early next year, to iron out various issues. That's according to the chairperson of the committee, Mzwandile Masina. He spoke to the media during a briefing of the chairpersons of Parliament's economic cluster, which consists of among others Transport, Trade, Industry and Competition, Agriculture and Minerals and Petroleum Resources. Zalene Merrington reports...

Nick Kerigan, MD, Head of Innovation, SwiftFor the last six months, Swift has been working with 38 global institutions on the second phase of sandbox testing on its central bank digital currency (CBDC) interlinking solution. Results from the sandbox include successfully demonstrating the use of CBDCs and other digital tokens across simulated digital trade, tokenised asset and FX networks, and payments. Robin Amlôt of IBS Intelligence speaks to Nick Kerigan, MD and Head of Innovation at Swift. 

Tom welcomes back Ravi Sood to the show to discuss the many changes in the economy and mining industry. Ravi touches upon various topics related to the global financial system, gold prices, and the impact of the 2007-2008 financial crisis. He discusses the lack of significant changes in the financial system since the 1970s and the potential role of Bitcoin in challenging traditional monetary systems. He also highlights the uncertainty and potential risks in the current economic situation due to the pandemic and other factors. The conversation also delves into the importance of investing in physical commodities like gold and other minerals, as well as the role of technology in driving demand for these resources. Furthermore, they explore the effects of a strong US dollar on the economy and suggests alternative policies to improve trade balance. The discussion also covers the challenges in regulating cryptocurrencies and the potential impact of CBDCs. The gold market is analyzed, with the author noting signs of optimism amidst a perceived bubble, and the mining industry's financial issues are also discussed, along with the interest in renewable energy transition and the cyclical nature of commodities business. Throughout the interview, Ravi emphasizes the need for a better understanding of the financial system and the importance of making informed decisions based on current economic conditions and potential future changes. Time Stamp References:0:00 - Introduction3:30 - Gold, Bias & Sound Money10:17 - Global Can Kicking17:42 - A No Win Scenario?20:00 - US Commodity Demand22:28 - Feds Levers & Control Risk26:44 - Bitcoin, Banks, & ETFs33:50 - Commercial Banks & Economy36:05 - Unhedged Mining44:52 - Gold Highs & Reality49:05 - Mining Industry Health56:17 - Energy & GDP Correlation59:00 - 3 Phases of New Energy1:02:20 - Green Energy Storage1:05:04 - Commodities & Capital1:07:18 - Wrap Up Talking Points From This Episode The financial system has not seen a major shift since the 1970s, with concerns about sustainability of the existing monetary systems. Physical commodities like gold and other minerals could help the United States address economic challenges by creating jobs and reducing reliance on foreign currency. The gold market exhibits signs of optimism for an eventual end to its current bubble, with factors such as increased production and lower interest rates affecting its future. Guest Links:Website: https://golcondagold.comWebsite: https://evrec.energy Ravi Sood is Chairman of Golconda Gold and an experienced financier focused on emerging markets. Mr. Sood was the founder and former CEO of Navina Asset Management, a Toronto-based investment firm that was acquired by a major financial institution. Mr. Sood also serves as a director of several companies including Blockchain Power Trust, Feronia Inc., and Eve & Co. Previously Mr. Sood was a director of ICC Labs (acquired) and Elgin Mining (acquired). Ravi Sood has a bachelor's degree in Mathematics from the University of Waterloo.

Richard Holden, Author, Money in the 21st Century: Cheap, Mobile and DigitalRichard Holden is Professor of Economics at UNSW Business School (Sydney) and author of Money in the 21st Century – a new book that delves into the micro and macroeconomic impacts of the way money and finances are changing and will continue to evolve in the decades to come. What does it mean for your wallet, the money in your wallet and for blockchain and for economies. How will the race for control of new currencies play out, how it will change how banks and governments operate? Robin Amlôt of IBS Intelligence talks to author Richard Holden. 

Have you ever handed over cash at a store and paused to consider the journey that the banknote has taken to reach your hand? Key takeaways: - Automated banknote processing systems have made cash center operations and the cash cycle more efficient, reliable, and sustainable. - G+D has played a leading role thanks to the pioneering work of Siegfried Otto and Helmut Gröttrup. - Greater collaboration between industry stakeholders is required, as digitalization and data networking become more integrated into cash cycle processes.

During the recent pandemic, unprecedented public spending was required to help tackle the deadly disease and minimise its economic fallout. But faced with heightened uncertainty, rapidly changing conditions, and imperfect information, fiscal transparency was perhaps not at the forefront of politicians' minds when making important public investment and spending decisions.  Post-pandemic, in the middle of a cost-of-living crisis, and on the edges of a recession, there is a greater desire to understand the government's fiscal position and policies. In order to understand exactly what's going on, a degree of fiscal transparency – which refers to the publication of information on how governments raise, spend, and manage public resources – is needed.  We are joined by Dr Mike Seiferling, Assistant Professor in Public Finance here in the Department of Political Science at UCL and an expert (and former economist) at the IMF. Mike discusses the cost of non-transparency, and the importance of citizen engagement and civil society organizations in promoting fiscal transparency and accountability in government asset management. Mentioned in this episode:Seiferling, M. and Tareq, S.  ‘Hiding the Losses: Fiscal Transparency and the Performance of Government Portfolios of Financial Assets'Hameed, Farhan, Fiscal Transparency and Economic Outcomes (December 2005). IMF Working Paper No. 05/225, Available at SSRN: https://ssrn.com/abstract=888094

Since the fall of Silicon Valley Bank (SVB) in March 2023, many investors have been closely monitoring the Federal Reserve's recent lending to U.S. banks, which amounts to roughly $100 Billion as of late June. What has received far less attention is the Federal Home Loan Bank (FHLB) system, which has extended over $1 Trillion of liquidity (10x the Fed!) to banks throughout the U.S. Kathryn Judge, Harvey J. Goldschmid Professor of Law at Columbia Law School, joins Forward Guidance to explain the history and purpose of the FHLBanks, calling them the “lender of second-to-last resort.” Judge argues that the FHLB system has grown beyond its original mission and that reform is desperately needed. Judge also opines on the SEC's move to regulate crypto, as well as SOFR's replacement of LIBOR. Filmed on June 29th, 2023. ____ Follow Kathryn Judge on Twitter https://twitter.com/ProfKateJudge Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ ____ Kathryn Judge's book, “Direct: The Rise of the Middleman Economy and the Power of Going to the Source”: https://kathrynjudge.com/books/direct “The Problem Lender of Second-to-Last Resort”: https://prospect.org/economy/2023-03-29-problem-lender-federal-home-loan-banks/ ____ Use code GUIDANCE20 to get 20% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ ____ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw Market commentary, charts, degen trade ideas, governance updates, token performance, can't-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos ____ Timestamps: (00:00) U.S. Banking System Is "Uneven" (03:06) What Is The Federal Home Loan Bank (FHLB) System? (07:24) Deregulation in 1980s and 1990s (11:22) Commercial Banks vs. Thrifts (And Glass–Steagall) (17:31) FHLB Lending During Great Financial Crisis (GFC) (25:14) "FHLB Has Never Lost Money On Advances" (33:54) FHLB's "Abuses" Must Stop (34:28) Permissionless (41:24) What Will New Bank Regulation Look Like? (50:38) Risk-Weighting In Bank Capital Regulations (53:42) Blockworks Research (54:42) Held-To-Maturity Accounting (58:37) The Rise Of Middlemen in Finance And Business (01:06:00) SEC's War With Crypto (01:08:04) The End Of LIBOR Eurodollar Contracts ____ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Brought to you by https://www.behaviour-university.com, the world's first school for character where you can learn behavior tools and technologies to become your own therapist. Welcome to The Psychology Podcast with Daniel Karim! In this enlightening episode, we have the privilege of hosting Julien Uhlig, a German-born entrepreneur, investor, and business communicator. With an impressive background spanning finance, renewable energy, and technology, Julien is known for his talent for innovation, communication, and entrepreneurship. Julien's diverse career highlights include managing deep technology programs funded by the German government and overseeing a massive corporate restructuring at Arensis Inc. during a management buyout. As a co-founder of EX Venture, he has played a pivotal role in connecting investors with startups in the cleantech field, making a significant impact on the renewable energy industry. Notably, Julien's expertise as a consultant shines through his accomplishments in various industries. He has successfully managed deep technology programs and secured over 100 government grants for participating companies, valued at an estimated €20 million. Additionally, he has raised and consolidated over $150 million USD from leading Venture Capital Firms, Commercial Banks, Angel, and Crowd-Investors, demonstrating his exceptional network and business acumen. Julien Uhlig's entrepreneurial endeavors have garnered global recognition, with features in renowned publications such as Forbes, Schneider Electrics, CNN, Mashable, Al Jazeera, LA Business Journal, Fast Company, and Inc.com. His achievements include being the Winner of the Unicorn Pitch Battle 2022, the world's largest startup competition, as well as participating in SharkTank China (Fight for Your Dreams). Notably, he has also been honored as the Best German Technology Startup and has received the Red Herring Winner Global and MTB European Scale-Up awards. Join us on this thought-provoking journey as Daniel Karim engages in a transformative conversation with Julien Uhlig. Together, they delve into his remarkable experiences, share insights into the realms of finance, renewable energy, and technology, and explore the future of entrepreneurship. Subscribe to The Psychology Podcast to stay informed about future episodes filled with profound insights and enlightening conversations. Prepare to expand your horizons and gain a deepero understanding of the extraordinary potential that Julien Uhlig embodies as a visionary entrepreneur. Don't forget to hit that notification bell to ensure you never miss a moment of this enlightening journey.

In this episode, Lynette Zang joins me to discuss the financial situation of Zimbabwe, the pros and cons of Bitcoin and Gold, the new era of surveillance, and why we're facing a hyperinflationary depression. Lynette Zang is a Chief Market Analyst at ITM Trading. She is also the founder of Jewel of Encanto Urban Farm.// GUEST // Twitter: https://twitter.com/itmtrading_zang Website: https://linktr.ee/itm_trading Website: https://beyondgoldandsilver.com/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/Gold Investment Letter: https://www.goldinvestmentletter.com/CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/Join Me At Bitcoin 2023 in Miami (use discount code BREEDLOVE): https://b.tc/conference/Casa (use discount code BREEDLOVE): https://keys.casa/Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00:00 - Coming up 00:01:18 - Intro 00:02:49 - Helping Lightning Startups with In Wolf's Clothing 00:03:35 - Introducing Lynette Zang 00:04:21 - The Current Financial Situation in Zimbabwe and the Conflict with IMF 00:06:38 - Public Confidence in Central Banking is Completely Zero 00:07:33 - Zimbabwe is Trying to Get Back to the Gold Standard 00:09:21 - The Lifecycle of the Fiat Currencies is Coming to an End 00:12:41 - Central Authority Still Controls Public Financial Rights 00:14:01 - Gold vs. Bitcoin: Which Is Superior? 00:19:20 - Four Basic Properties of Money and the Shortcomings of Bitcoin 00:22:31 - Maximize Your Profits with Gold Investment Letter 00:23:28 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:24:24 - Take Control of Your Healthcare with CrowdHealth 00:25:26 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:26:17 - What Would Cause to Change Lynette's Mind on Bitcoin? 00:32:36 - Why do the Nation States Keep Buying Gold? 00:36:14 - We're Facing a Hyperinflationary Depression and a Global Currency Failure 00:42:19 - Will the Private Ownership of Gold be Outlawed Again? 00:43:41 - A New Era of Surveillance, Control, and Enforcement 00:47:38 - A Chance to Win Discounted Tickets to the Bitcoin 2023 Conference and 10M SATS 00:48:34 - Hold Bitcoin in the Most Secure Custody Model with Casa 00:49:22 - The Demolition of the Commercial Banks and the Transition into CBDCs 00:52:59 - The Derivative Market Problem is Only the Tip of the Iceberg 00:55:38 - The Transition from LIBOR to SOFR 01:00:48 - The Problem with the LIBOR to SOFR Transition 01:03:26 - The Introduction of FedNow and the Rollout of CBDCs 01:06:56 - Where to Find Lynette on the Internet // PODCAST //Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast...Spotify: https://open.spotify.com/show/25LPvm8...RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/ // SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

How accelerating bank deposit withdrawals could harm the economy, including real estate prices. How dollars slosh around the financial system but always seem to end up at the Federal Reserve.Topics covered include:How many deposits have left banks since the Silicon Valley Bank collapseHow much have banks borrowed from the Federal Reserve to meet deposit withdrawalsWhy exiting deposits are harming bank profits and causing them to make fewer loansHow the credit crunch could hurt commercial real estate valuesHow money market mutual funds differ from banksHow today's banking crisis is similar to the 1980s savings and loans crisisWhat should investors do to protect their wealthSponsorsMasterworks – invest in contemporary artUse code MONEY10 to get 10% off on your NAPA Autoparts online order.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesFactors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks—The Federal ReserveAssets and Liabilities of Commercial Banks in the United States—The Federal ReserveAll U.S. Banks Net Interest Margin—BankRegDataCurrent Treasuries and Swap Rates—Chatham FinancialOptions trading surges as investors brace themselves for US regional bank volatility by Stephen Gandel and Nicholas Megaw and Colby Smith—The Financial TimesBank Turmoil Squeezes Borrowers, Raising Fears of a Slowdown by Jeanna Smialek—The New York TimesBanks' Demand for Reserves in the Face of Liquidity Regulations by Jane Ihrig—Federal Reserve Bank of St. LouisMoney Market Funds: Investment Holdings Detail—The Federal ReserveDeposit Outflows Shine Light on Fed Program That Pays Money-Market Funds by Eric Wallerstein and Nick Timiraos—The Wall Street JournalICI Research Perspective: Trends in the Expenses and Fees of Funds, 2022—Investment Company InstituteFAQs: Reverse Repurchase Agreement Operations—Federal Reserve Bank of New YorkUS Resolution Trust Corporation by Aidan Lawson and Lily Engbith—SSRNSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of the Note Closers Show, Scott Carson explains what's going on in the news with the commercial banks that are struggling with their portfolios of commercial real estate. Scott explains why banks are having a hard time and why this time around we'll see more distressed commercial debt verses residential debt. He also explains what the Texas Ratio is and why it's important for bankers, investors, and depositors to know about the bank that you work with. Scott also describes why increased interest rates are affecting banks and commercial real estate investors who are looking to refinance into a fixed-rate or long-term loan. It's definitely getting interesting out there for banks that are holding these nonperforming assets.Watch the original video HERE!Book a call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

This episode is also available as a blog post: https://osazuwaakonedo.news/we-didnt-ask-commercial-banks-to-collect-old-n500-n1000-notes-cbn/17/02/2023/ Support this podcast with a small monthly donation to help sustain future episodes. Please use the links below: Support Via PayPal https://www.paypal.com/donate/?hosted_button_id=TLHBRAF6GVQT6 Support via card https://swiftpay.accessbankplc.com/OsazuwaAkonedo/send-money --- Send in a voice message: https://podcasters.spotify.com/pod/show/osazuwaakonedo/message

Listen in podcast app-Stocks in a typical retracement… will it hold?-Inflation is dissipating-Russia Sanctions are working-the University of Canada-Apple is building a Facebook ad machine-Fantasy Football is back!!!Listen on Apple, Spotify, or Google Podcasts.If you aren't in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.

FREE report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/    Wealth Without Bay Street EPISODE #130: On today's episode of Wealth Without Baystreet, Jayson and Richard talk about how you can invest with your whole life policy loans and about interest deductions.   IN THIS EPISODE, YOU WILL LEARN:  0:00 Introduction 00:29 Is Policy Loan Interest Tax Deductible?  3:09 Two Tracks You Can Take 5:28 Being an Honest Banker 9:36 Interest Write-Off 12:26 Know Your Options 16:56 Commercial Banks vs. Life Insurance Companies  

FREE report 7 Simple Steps to Becoming Your Own Banker -  http://7steps.ca/    Wealth Without Bay Street EPISODE #130: On today's episode of Wealth Without Baystreet, Jayson and Richard talk about how you can invest with your whole life policy loans and about interest deductions.   IN THIS EPISODE, YOU WILL LEARN:  0:00 Introduction 00:29 Is Policy Loan Interest Tax Deductible?  3:09 Two Tracks You Can Take 5:28 Being an Honest Banker 9:36 Interest Write-Off 12:26 Know Your Options 16:56 Commercial Banks vs. Life Insurance Companies  

Daylight Automation co-founder explains the challenges Commercial banks are focusing on a human-centric approach to relationships that may be holding them back when it comes to digitizing such basic functions as account opening. This more human approach is a challenge, Art Harrison, co-founder and chief growth officer for workflow automation vendor Daylight Automation, tells Bank Automation News in this episode of “The Buzz” podcast.  “A lot of the trust and the relationships at banks, particularly on the commercial side, is still human-centric,” Harrison says. “The differentiation and the value that a lot of these organizations still bring is the expertise and the guidance that they provide to these busy stakeholders.” Fifty-six percent of commercial banking executives say digital account opening is the No. 1 technology issue for business customers over the next five years, according to a recent study by Phoenix-based Catalyst Consulting Group. That report also noted that the difficulties with onboarding commercial clients come down to complex relationships and workflows. This, in turn, has led to barriers in automating key functions like verifying business entities, according to the report. Harrison tells BAN that regulatory requirements like knowing the beneficial ownership structure also bog down efforts to digitize commercial processes.  The Canadian-based company, founded in 2015, works with financial institutions such as BMO, BMO Harris and Manulife Financial, which owns John Hancock Financial in the U.S., to tackle this issue through its low-code solution, he explains.  Daylight Automation has raised $15.9 million over four funding rounds, according to Crunchbase. 

Currently, Raj Aggarwal is with the Kent State University Foundation serving as a member of its Board of Directors. In addition to a mechanical engineering degree from the Indian Institute of Technology and an MBA and a PhD in Business from Kent State University, Raj is also a holder of the Chartered Financial Analyst (CFA) designation. Dr. Aggarwal is a graduate of Leadership Cleveland, class of 2004 and is an experienced academic, executive, and board member. His career includes successful stints both in business and academia. He serves on or has served on business boards that include (until change of control) Manco/Henkle DIY Inc. (Duck, LePage, and Loctite brands) for a quarter century, Ancora Trust/Mutual Funds and Maxxus Investments, also for a quarter century. He has also served on the boards of the Flood Company (CWF and Penetrol Brands) and ERC Inc. He has worked at Dana Corporation (International Finance) and Owens-Illinois Inc. (International Strategy), and been a consultant to the UN, the World Bank, and Fortune 100 companies and Commercial Banks. His non-profit board service includes the Kent State University Foundation, Goodwill Industries, Financial Executives Research Foundation, Hawken School, and the Cleveland Council on World Affairs. He has won many awards for his teaching and scholarly work.  He is included in the Nature/Stanford University list of the top 2% scientists globally in Finance and Economics and has been cited and quoted over 9000 times by other scholars (h index of 50). He is a Fellow of the Academy of International Business and has been a Fulbright Research Scholar and the editor in chief of scholarly journals. He has been a visiting scholar at the Federal Reserve Bank of Cleveland, the SEC, and the Comptroller of the Currency. Aggarwal is also widely quoted in the local, national, and international print and broadcast media. He has been the business dean at the University of Akron and an Endowed Chaired Professor at three Universities, John Carroll University, the University of Akron, Kent State University. He has been a visiting professor at Harvard, Michigan, South Carolina, University of Hawaii, and overseas at Lund (Sweden), IUJ (Japan), Trinity College (Ireland), Griffith (Australia), and NUS (Singapore). He was awarded a Fulbright Research Fellowship and a Larosier Award for the best international finance essay at the World Bank/IMF annual meetings in Prague. He has been elected or appointed to many leadership positions serving as President or Vice President of the Eastern Finance Association, Financial Management Association, Academy of International Business, Financial Executives Research Foundation, and Financial Executives International's Northeast Ohio Chapter. He has served as the Editor in Chief for Corporate Finance Review, FMA's Financial Practice and Education, Journal of Teaching International Business, and the Finance and Accounting Editor for the Journal of International Business Studies. In addition, he serves or has served as Associate Editor for many scholarly journals. Visit https://www.aib.world/frontline-ib/raj-aggarwal/ for the original video interview.  

Depending on their location, cardholders have very different expectations of their bank. Yet wherever they are, they require secure, user-friendly solutions and fast response times. The pandemic has changed the way we behave, fiscally: digital banking accelerated, people started to save more, sustainability went mainstream, and remote work became the norm.

Follow Jim Bianco https://twitter.com/biancoresearch Follow Joseph Wang https://twitter.com/FedGuy12 Follow Jack Farley https://twitter.com/JackFarley96 Follow Blockworks https://twitter.com/Blockworks_ Timestamps: (00:00) Opening Thoughts (08:05) Powell's "Codewords" (15:10) The Balance Sheet: Stock vs. Flow (22:10) Is The Fed No Longer Credible? (27:32) When Is Inflation Going to Peak? (47:15) Worst Bond Market Sell-Off Since George Washington Became President (51:30) Systemic Risks For The Financial Systems (53:00) Are Rate Hikes Good for Commercial Banks? (1:01:04) How Far Can The Fed Go?

DC Analyst joins Joseph Wang and Jack Farley for a discussion about commercial banks, treasuries, and bearishness on banks. -- DC on Twitter: @AnalystDC Joseph Wang on Twitter: @FedGuy12 Jack Farley on Twitter: @JackFarley96 Blockworks on Twitter: @Blockworks_ -- Links ___ Liberty Street Economics, "The Fed's Balance Sheet Runoff and the ON RRP Facility": https://libertystreeteconomics.newyorkfed.org/2022/04/the-feds-balance-sheet-runoff-and-the-on-rrp-facility/ Bullard's Triple Rate Hike Comment: https://www.bloomberg.com/news/articles/2022-04-19/last-resort-fed-hike-enters-debate-as-bullard-invokes-1994-move DC's substack: https://dcchartbook.substack.com/p/chartbook-15?s=r Joseph Wang's writings: https://fedguy.com/draining-the-rrp/ -- (00:00) Introduction To DC Analyst (02:01) Why Are Banks Buying Fewer Treasuries? (14:30) Implosion Of The Japanese Yen (20:40) Who Will Buy The Treasuries? (31:20) What If Banks Don't Lend More? (37:30) Bearish For Banks? (No) (42:47) Quantitative Tightening - Will The Fed Be Forced to Sell? (46:57) Mortgage-Backed Securities (57:40) Bullard's Comments on Triple-Hike

In this episode of the Digital Euro Podcast, DEA Executive Director Conrad Kraft sits down with Dr. Cyrus de la Rubia to discuss the role of commercial banks amidst CBDC implementation. They run through the current roles of commercial banks and how these may be impacted by the introduction of various types of CDBCs. Enjoy!

The finance industry is waking up to the need to act on climate change, but what can be done to make a positive difference?

It looks increasingly likely that by 2026, Europeans will have the option to pay with the digital euro. We examine the opportunities for innovation that come with the launch of a European Central Bank digital currency

The Capital Playbook Episode 2: Charles Williams, CEO and Founder of www.PioneerRealtyCapital.com is joined by Stephanie Danhou Senior Vice President Commercial Banking Origin Bank Dallas, Texas for an inside scoop on banks, why you should use an advisor, and the importance of relationships and options when financing your commercial properties.How do you win in commercial real estate? Tune in to The Capital Playbook bit.ly/capitalplaybook to find out.Call 682-518-9416 for nationwide commercial advisory, mortgages, development, and investments. Visit www.PioneerRealtyCapital.com

Fed governor Waller speech concerning CBDC. Waller suggest that CBDC would force banks to lower fees and raise rates paid in deposits. https://www.federalreserve.gov/newsev...uneducatedeconomist.comuneducatedeconomist@gmail.com real mailP.O. 731Astoria , OR97103Instagram uneducated.economistpatreon https://www.patreon.com/UneducatedEco...Want to buy me a coffeehttps://www.paypal.me/meatbingohttps://cash.app/$bingo503https://venmo.com/code?user_id=211351...ZELLEuneducatedeconomist@gmail.com uneducatedeconomist@handcash.ioBuy an Uneducated Economist hoodieteespring.com/stores/uneducated-econo...Support the show (https://www.patreon.com/UneducatedEconomist) --- Support this podcast: https://anchor.fm/youguysletmeknow/support

Bond yields today are unsustainably low.  It is easy to see why: Fed inflationary use of the word "transitory" finishes by creating "truth" out of a myth and Commercial Banks have so much excess liquidity parked at the Fed that putting it into higher yielding bonds is a no brainer.But this will all reverse.  The causes will be the size of the US budget deficit that increases demand but not supply for Treasuries. And the longer term drivers of inflation: Big Government, Big debts, Central Bank lack of independence, Inequality and Social Income and National Economic Policies that reverse the disinflationary forces of Globalisation.When bond market bubbles burst, equities will follow suit because the discount factor for future profits will rise reducing their present value and profits will become more cyclical and unpredictable. 

This episode is also available as a blog post: https://osazuwaakonedo.com/nnamdi-kanu-commercial-banks-close-operations-as-shops-inside-private-residents-lock-in-anambra/26/07/2021/ --- Send in a voice message: https://anchor.fm/osazuwaakonedo/message Support this podcast: https://anchor.fm/osazuwaakonedo/support

Structure of Commercial bank

Primacy is a buzzword at a lot of commercial banks these days, but what does it mean, exactly? What truly determines primacy? And what do banks need to do to achieve it?

Commercial Banks and Credit Unions. How they compare and work. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/bigcity/support

As central banks explore the role a digital currency can play, it's important to understand what an optimal CBDC solution would look like

Thanks to digitization efforts, commercial banks have weathered the storm of COVID-19. Contactless payments, mobile deposits, and remote services kept money moving and businesses afloat in 2020.  But, according to Brian McCumber, CPA, director of Next Generation Banking at FIS, even as financial institutions quickly pivoted, the fundamentals of banking remained steadfast.  In this season of Financial Futures, we're focusing on banking's digital transformation. Digitization is no longer optional for financial institutions––it's necessary. We'll unpack what this trend actually means for banks, consumers, and communities alike.  In this episode, Brian McCumber, CPA, director of Next Generation Banking at FIS, explains how commercial banks have adapted in the past year and the challenges they still face ahead. We’ll explore how the commercial customer experience changed and the three major priorities for commercial banks. We’ll also talk about:  What are some bright spots of the commercial banking sector?  How are commercial banks implementing government support schemes? What role are fintechs playing in the digital transformation of commercial banking?  What are the fundamentals of commercial banking? 

Agricultural debt at commercial banks eased further at the end of 2020, and loan repayment problems moderated slightly, according to the Kansas City Federal Reserve Bank. See omnystudio.com/listener for privacy information.

Today on the Fatboy Show, Fatboy and Olive reveal Uganda Government's plan to start taxing cash withdrawals from Commercial Banks.

Business Half Hour (BHH) is a weekly podcast targeted at Startups and Entrepreneurs, who are redefining the Nigerian business scene through innovation.

Application programming interfaces are multipurpose tools that can help banks to succeed in the digital economy

How are banks responding after 9 months of the pandemic? We look at two particular areas - provisioning and bad loan sales, in which bank actions seem to tell two very different stories.

In today's episode, David discusses the differences between Mutual Savings Banks, Credit Unions, and Commercial Banks. This is a must listen to anyone looking to re-fresh their banking situation and/or learn why it is vital to have a solid relationship with your financial institution. Stop paying bank fees and start keeping more of your hard earned money! --- Support this podcast: https://podcasters.spotify.com/pod/show/moneylifereality/support

Why is there one on every corner? Are they convenient or detrimental?  --- Send in a voice message: https://anchor.fm/iaskaren/message Support this podcast: https://anchor.fm/iaskaren/support

One of the earliest executives to take the leap was CoinShares executive chairman Daniel Masters --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/cryptoceej/support

Star Mountain Capital CEO Brett Hickey recently spoke with KBW CEO Tom Michaud about how smaller banks have stepped up during the #COVID19 crisis, why the big banks have momentum, and how the crisis has driven mid-sized banks to become more focused. He also discussed the potential impact on bank M&A, noting “banks are taking advantage of very low rates, a global thirst for yield, and a moment in time to fortify their total capital ratios. LEARN MORE ABOUT US: WEBSITE: https://www.starmountaincapital.com MEDIA CENTER: https://www.starmountaincapital.com/m... FOUNDATION: https://starmountaincharitablefoundat... TWITTER: https://www.twitter.com/StarMountainCap LINKEDIN: https://www.linkedin.com/company/Star... YOUTUBE: https://www.youtube.com/c/StarMountai... SOUNDCLOUD: https://soundcloud.com/starmountainca... FACEBOOK: https://www.facebook.com/StarMountain... INSTAGRAM: https://www.instagram.com/star.mounta... PENSIONS & INVESTMENTS: https://www.pionline.com/best-places-... KBW: https://www.kbw.com/

One of the things that I believe in, is the mindset that the relationship is the asset. I teach this to the Green Beret students at Fort Bragg when I teach in the school-house, and I teach it at Fortune 100 Commercial Banks, that “relationships are the asset”. Relationships are your greatest off-book asset, according to David Nour in his book, Relationship Economics. I learned at a very early age as a young Green Beret, that relationships are a precious resource, that allows you to pursue other transactions and outcomes over time. The relationship has to be at the epicenter of what you do, and for “Keeping Clients on Board”, that's a critical mindset. We have to realize that the relationship is the asset, and relationship building as well as relationship maintenance, is a team sport. Join me by the fire pit and let’s continue to navigate these difficult times together and learn to work at, “Keeping Clients on Board”. I’ll see you on the Rooftop… Scott Join Our Rooftop Tribe! Website: http://www.rooftopleadership.com/blog Facebook: https://www.facebook.com/OfficialScottmann Instagram: https://www.instagram.com/rooftop_leader Twitter: https://twitter.com/RealScottMann LinkedIn: https://www.linkedin.com/in/davidscottmann

The cash industry is transitioning to a circular economy. How can cash management solutions use sustainability and automation to increase efficiency?

With COVID-19 forcing banks to support a remote workforce, and to rapidly process PPP applications, have commercial banks reached a point where digital transformation moves from "innovative" to "expected"? 

Beijing may soon be free of new virus cases, a CDC official says. China plans to grant investment banking licenses to lenders. The country's industrial profits rebound. A ride-hailing giant launches robotaxi service in Shanghai. Plus, A big jeweler uses fake gold as collateral to get $2 billion.

Today's users of banking services expect their bank to provide financial services and solutions that are state of the art but still secure, convenient and easy to access – anytime, anyhow, anywhere

Changes in customer behavior and the emergence of fintechs: traditional banks are facing challenges. How should they adapt?

McAlvany Weekly Commentary AITS (Average Inflation Targeting) new acronym for negative interest rates Commercial Banks will be complicit with FED in next crisis Malcolm Bryan on inflation policy: “Hold still, little fish! All we intend to do is gut you”.   The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Move Along Citizen, Nothing To See Here […] The post Move Along Citizen, Nothing To See Here (But Deposit Theft) appeared first on McAlvany Weekly Commentary.

Part 1- Great overall exposure for the crypto market! NYSE, CNN etc!- Regulatory Clarity will get better globally! U.S. regulatory clarity possible this year!- Brad & Ripple meeting with regulators and banks at Davos and around the world.- Last week did $54 Million in XRP flows into Mexico - 7.5% of all flow from USD to Mexican Peso. Growing quickly!- Working on other corridors - a lot of demand! Some markets need regulatory clarity. India has been a challenge because of lack of regulatory clarity.Part 2 - China leading crypto industry with Bitcoin & Ethereum mining. - Says it’s good and healthy for Crypto market to have Central Banks building CBDCs - leveraging the tech. - Central banks can use the XRP ledger since it’s open source. - Customers focused on are Commercial Banks, Payment Providers, looking into other types of customers. Analogy of Amazon as a book store first then expanded into other verticals. - CBDCs still need bridge asset like XRP - pretty much says Novogratz is not educated about XRP - LOLPart 3 - Confirms he is invested in Bitcoin once again. Says Bitcoin’s utility sucks but it’s use case is Digital Gold, a store of value. Believe’s value of Bitcoin will go up. - As XRP has utility in what Ripple is doing and people using it, Coil, Forte etc, will go up in value. - Not gonna be one winner in the crypto market - multiple winners because different coins solve different problems. Views Bitcoin as a non competitor! Stop throwing stones! - Hopes Ripple is like Amazon in 5 years!!=================================================Disclaimer - Thinking Crypto and Tony are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.

How to buy stocks and bonds? You have to get out and buy. Have some money put aside to use for your purchases. You should be able to live without the amount you are investing for an extended period. Your investments need time to grow and produce returns without being tampered with constantly. You need to learn about the benefits of rebalancing and occasionally updating your investment.- Educate yourself. You will need enough money. Study the history of the market and understand basic accounting concepts so when you manage your portfolio you will have an idea of what you are doing.- As a beginner, you should stick with blue chip stocks and Treasury bonds or bills. A blue chip stock is a stock that has a history of lending you a fair return.- As a beginner, you don't want to invest in high-risk stocks or bonds. It takes time to understand the markets. It's best to invest your money in blue chip stocks that already proved their great success. As you gain experience, then you can invest in more high-risk products. Professional investment houses, such as Fidelity, recommends that investors diversify their funds. As a beginner, you may make a few mistakes as you learn about investing.- But invest your money over several products and not just invest in one stock and one bond portfolio so mistakes will not be as costly to you.- Consult a professional. If you have concerns about your stock or bond choices, sit down with a licensed investment counselor and ask questions. If you get an advisor, be sure to ask about the different fees you will be charged.- Investing in stocks is risky. But the higher the risk, the higher the reward. One good stock pick may reap you a great reward for you to retire. But if you pour all your money into the wrong stock, you will end up losing a lot of money.- Stock investment games help you learn about trading stocks without worrying about risk. Many online investment games help both beginners and advanced traders. Schools are even using stock market games for students to learn about investment strategies.- Stock investment games help you to practice and develop trading skills. You can learn or improve your knowledge on the highs and lows of stocks and when to invest by showing your profits and losses of your imaginary investments with games such as HowTheMarketWorks and YourMoneyStockMarketGames. You get a better understanding of such strategies as implementing market, limit and stop orders. Practice the management of your stock portfolio and how best to distribute your investments. You can learn when diversifying works best for you or how to take chances with high-risk stocks that bring you better returns when they succeed.- The End. Quote #1. When a person buys stock, he is buying partial ownership in a corporation. When a person buys a bond, he is loaning money to a corporation or government. It is important to remember the investment poem. Stocks, you own. Bonds, you loan. Quote #2. Stock means ownership. As an owner, you have a claim on the assets and earnings of a company as well as voting rights with your shares. Quote #3. Our kids should be taught about Stocks and Bonds like we teach them Basketball and Football. Quote #4. Measuring Stock Performance. Bull and Bear Markets. When the stock market rises steadily over time, a bull market exists. Conversely, when the stock market falls over a period of time, it's called a bear market. Stock Performances Indexes. The Dow Jones Industrial Average. The Dow is an index that shows how stocks of 30 companies in various industries have changed in value. The S and P 500. The S and P 500 is an index that tracks the performance of 500 different stocks. And lastly, the types of financial institutions that you may go to in order to invest in stocks and bonds are: Commercial Banks, Savings and Loan Associations and Savings Banks. The End.

The Central Bank of Kenya (CBK) on Monday signaled commercial banks to cut their lending rates after it lowered its benchmark lending rate for the first time since May 2018 and weeks after the removal of the legal caps on borrowing charges. CBK's Monetary Policy Committee, sitting for the first time since Kenya lifted a cap on commercial interest rates on November 7, cut the CBR rate to 8.50 percent from 9.0 percent, saying the economy was operating below its potential. The lowering of the rate is expected to signal banks to cut lending rates to boost the supply of credit and put money in hands of consumers to increase demand for goods and services incorporate Kenya that is cutting jobs on lower sales. CBK says credit to the private sector grew 6.6 percent in the year to October, compared to seven percent in the 12 months to September -- which are both below the ideal growth level of between 12 and 15 percent. "The committee noted the ongoing tightening of fiscal policy and concluded there was room for accommodative monetary policy to support economic activity," said Dr. Patrick Njoroge, the CBK Governor and chair of the committee. Banks, which are yet to review the lending rates after the removal of the caps, can ignore the CBK signal to lower loan charges in an environment where the State is not controlling borrowing costs. Mr. Habil Olaka, the CEO of Kenya Bankers Association -- the bankers' lobby -- reckons that lenders will consider other tools beyond the benchmark rate when pricing their loans, including government borrowing -- which influences the cost of long term deposits that affect borrowing rates. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices

Hemash Kala is a Blockchain Lead at Rand Merchant Bank who has been tasked to help assess the impact of blockchain technology on the existing banking business model. In this episode we explore the mechanics of Facebook’s Libra currency, how Libra competes against tradition payment systems, and its impact on central and commercial banks. Please enjoy the conversation and subscribe for more.

Welcome to Furious Friday – Today – Continue with the Lucky Country Australia – Today – want to run through how a lot of our luck – especially if you have owned property, comes from the design of Australia’s monetary system since the early 90s. But diminishing marginal returns are a real thing – especially when it comes to money. In this episode we break this down to set the stage for the next two episodes – on Australian property and share markets and their potential returns for next few years.     The heart of every monetary system - money can only be created by a central authority – for guarantee of value – most of human history: Genghis Khan - established paper money in Yuan Dynasty- currency fully backed by silk and precious metals behead those found guilty of counterfeiting – in Before in Song Dynasty just tattoo their faces But this is when the paper money was fully backed by valuable goods When it comes to fiat currency (our current monetary system) – need to have one central Authority to make sure that the intrinsic value placed on it sticks – in the form of a Government guarantee Imagine if we all viewed monopoly money was worth the value of the note – if we all believe it and accept the backing of the value – we will use it – but why is monopoly money worthless? Because it can be made by almost anyone at will with a colour printer A central authority is needed – to not only produce the currency (that cant be faked easily), but be protected by law as the country having one single currency – capping the supply to be controlled by one entity but it can’t be the Government – having Gov over supply of money is bad – they can enforce law – ATO, or laundering/counterfeiting Policy - Separate Central Banks – this central authority then grants the right to create money through fractional reserve banking to commercial banks  - the right to further create money through lending banks do not have to keep all of its deposits in the bank – they create money by lending out a certain proportion of its deposits to others - who of course had to deposit the loan into a commercial bank to use it – as it has Authority granted by the regulators Deposit $1,000 – Bank lends out $800 – someone uses it, give it to someone for service = $1,800 = creating more money. And this also means that commercial banks are generally profitable as the money supply grows – 1993 - $81.5k mortgage, 8% rates, $6,500 p.a. – 2018 - $388k national average, 3.9% rates, $15,136 p.a. except of course when they stretch too far - like in 2008–9 = which thanks to the Government having authority over the money – they got a bailout of freshly printed money First made them make risky loans, secondly guaranteeing the loans/deposits – incentive to gamble, thirdly printing more money to buy back defaulted debt so the banks losses will be covered by future debt obligations in tax over 30-50 years The system has evolved with Central Banks no longer having currency backed by anything - Floating of the Dollar in western world – USA 1971, AUS early 80s –That is really what fiat means – authority by decree but the key principle of the system in creating money is the monopoly of the central bank – but Now the supply simply doesn’t need a backing asset to provide a reference point But the issue with this is that the traditional way of wealth creation has been hijacked – being artificially controlled Two ways - The supply of money is now based on a whim rather than market forces – control of bread prices in USSR And natural incentives are being artificially manipulated – Like putting quotas in production based on weight Again – like USSR – nails would be produced too big to be usable – to reach quotas with less work You are incentivised to deposit funds into the bank when interest rates are high – bank can then lends money out = more money is created – but limited to the overall wealth of the population – 1) what they can afford in interest payments, and 2) rates depends on the level of deposits which relies on more people having more money in the bank Look over Aus savings rates – 1950s – fairly constant band – had lows of 10%, high of 20%, but mostly 15% - 1983 – 1998 – 15 years – slow decline from 15% to 0% or negative – stayed there until about 2008 – then spiked Went back to 10% for a bit - Economic collapses can scare people to save more – but declined to 2.5% since When we reflect on this, I don’t think it is too much to say whoever controls the creation of money controls the world … Of course, being able to create money is a wonderful – we all need to be able to create our own wealth –but when we the incentive to save, and the incentive to borrow are controlled by a central authority- It creates a system of uncertainty and often not an optimal outcome – as there is no instant feedback loops – like in every other financial market – apply this principle to anything You have a company that sets the price of power – it has a complete monopoly on Australian power – even the mining side of things – from resource to the power point – how well do you think we would be serviced? Would we have higher prices with worse access to power if there was a monopoly on power? I don’t see how this is any different to what each Central Bank does of every nation on earth They set the cash rates – or interest costs – they produce the cash But they are only one piece of the Authority – in Australia: Council of Financial Regulators Working Group APRA, ASIC, RBA - Then - Treasury department - The department is focused on developing Australian taxation system, land and income tax and economic policies.   These Things are all related – and all over pretty incredible control over the economy Treasury department – Do all the economic modelling, projections based around assumptions, come up with policy to help rectify projections that are off the set targets –GDP growth, government revenues, taxation policy RBA – controls money supply –monetary policy - Bases their decisions around economic reports and their own modelling - determines the cost of accessing credit is – borrowing Commercial Banks also source deposits (from individuals), money overseas, lend this money out based around a ratio of how much you are putting down – but the money all has to be AUD, or other approved currency APRA and ASIC – Regulate the flow of the process – at the banks and consumer level   Back to Central Banks - Have a lot of control - RBA has a lot of power – central bankers have a lot of power – one word from a Chairman of a central bank makes markets spook and drop, or charge – if they say they are going to do something in 2 weeks, then the market responds today in anticipation – based around their monetary policy changes   Monetary policy creators have a lot of power – This is what the RBA is responsible for - The Reserve Bank Board sets interest rates so as to achieve the objectives set out in the Reserve Bank Act 1959 the stability of the currency of Australia; the maintenance of full employment in Australia; and the economic prosperity and welfare of the people of Australia. Since 1992 - these objectives have have managed through a target for consumer price inflation, of 2–3% p.a. Monetary policy aims to achieve this over the medium term so as to encourage strong and sustainable growth in the economy. Controlling inflation preserves the value of money. In the long run, this is the principal way in which monetary policy can help to form a sound basis for long-term growth in the economy. How is this done? RBA policy - objective of monetary policy is to control inflation -target is the centrepiece of the monetary policy framework The Governor and the Treasurer have agreed on the 2-3% inflation each year is best sufficiently low that it does not materially distort economic decisions in the community – or a free market The inflation target is defined as a medium-term average rather than as a rate (or band of rates) Between 2 and 3 due to inevitable uncertainties involved in forecasting, and lags in the effects of monetary policy on the economy - inflation is difficult to fine-tune within a narrow band – The inflation target is also forward-looking – Guess what the inflation rate will be in response to current conditions and the increase in money supply Ever been cooking something and not following the recipe 100% - Pancakes - Add too much milk, now it is runny, so put flour in, but too much, so add more milk, and then need to add a bit more sugar and egg to fix up the ratios, but now it is too runny again, but you are out of flour - Decision making process –The Board meets eleven times each year - the first Tuesday of the month except January For each meeting - the Bank's staff prepare a detailed account of developments in the Australian and international economies, and in domestic and international financial markets. The papers contain a recommendation for the policy decision. Senior staff attend the meeting and give presentations. Then policy decision is either to drop rates, raise them, or keep them the same – Then public told   This approach to monetary policy in Australia since early 1990s - Policies that they have set are all about low inflation – Reason for change –1960s-70 – 5% - then USD 1971 – 1983 rates started going up 5-13% in 13 years – inflation on lots of currencies previously backed to USD, and by proxy gold – lead to higher cash rates which needed to curb with floating dollar – rates in 1983 went up over next 7 years to 17% - 1989 to 1990 – two years it was expensive By 1997 – 7% rates were back – 10% lower – so borrowings went up massively What actually creates inflation – or CPI technically here – cost of living going up – is it from people spending money on goods when there is more money, and then businesses being able to increase their prices over time to keep up with more demand – but thing called menu prices – this occurs slowly – fairly natural process – bit of an effort for companies to go through increases in prices – restaurants as example – printing new menus – and if you set prices too high – people stop buying and therefore – prices don’t go up so no inflation beyond the market demand for a good and thus pushing the price up in the process. When this is trying to be set through demand side economics – thinks more money – more people spend – businesses get to increase prices? Well – not when the increase in the money they get gets diverted into a home – loans are small, no problem – as you still have money to spend – now – more money can leave with no actual increase in what you have to spend after the debts interest and repayments When credit can be controlled – and printed at will – the allocation of the funds becomes distorted compared to the overall demand for it – Increase in prices comes from demand versus supply – but with technology making things cheaper, to artificially keep CPI up on average, more money needed, but different with certain assets people demand more compared to the supply – especially things like property – so when there is high demand and increasing access to credit – prices go up - Debt growth averaged 15% per annum compounding (1998–2009). During the same period national economic growth was less than 3% with debt stripped out. Between 1998 and 2008 inflation was about 36% and property prices increased by more than 300% in all capital cities except Melbourne (up 280%) and Sydney (up 180%) No wonder we are experiencing low CPI – Existing businesses are in a price war – as disposable incomes go down after debt costs are paid for – people have less to spend – so as an existing business – compete by reducing your costs to lower prices – Nature of the modern company – focused on the profit margins more so than the revenues Why the small corner stores can’t compete anymore - not to the economies of scale that Woolworths, WES have to have the lowest prices – while still making a profit due to lowest costs Issues with cheap money – and the focus on low inflation being manipulated – with no guarantee that the move up or down in cash rates will have the desired effects on economy – especially in a global economy – where models work in isolation – but add millions of other factors and the probability that it will work get very, very low No incentive to save – reduces growth – as savings are typically used for investments – either others or your own As rates go lower – amount of money increases – needs to – so cheap credit – the result? Artificial allocation of resources Housing prices sky rocketing around the world since the 80s – Rates go lower, growth goes lower as well – people are spending less as they are trying to pay back massive loans Don’t think it is a massive coincidence that   Revisit the effects of this policy on the housing market and share markets over the next two Furious Friday Episodes – Property market – bubble or not? Share market – lower growth environments, and dividends – run through Telstra as an example Run through how to still build wealth in this environment Get in contact with us here  Resources: Global Trends Interest Rates - https://voxeu.org/article/global-trends-interest-rates

Commercial Banks pumped more money into govt securities in the year to Dec 2018

Dr Sarah von Billerbeck presents her talk titled the ‘The Role of Commercial Banks in Post-Conflict Peacebuilding: Anecdotal Evidence from the DRC’ at the 2018 Oxpeace Conference. Sarah von Billerbeck is Lecturer in Politics and International Relations and co-Director of the UN and Global Order Programme at the University of Reading. While the role of private sector actors during conflict has been explored in academic research, literature on their role after conflict and during peacebuilding is less developed. In particular, a crucial player has been entirely omitted: commercial banks. Post-conflict countries often see an influx of commercial banks in what is usually a weakly regulated market, but they nonetheless take on a number of important functions, including financial services reform, overseeing public sector salary payments, facilitating disarmament, demobilization, and reintegration (DDR) programs, and foreign investment. However, we have no systematic understanding of the actual effects of commercial banks in post-conflict settings. While they can contribute to personal financial stability, combat illegal taxation and corruption, spur economic recovery, and buttress state authority, they can also have negative effects by serving as vehicles for money laundering, contributing to financial crises, deepening public debt, and weakening faith in the government’s ability to manage the economy. This presentation highlights anecdotal evidence from a 'bancarization' programme in the DR Congo to demonstrate the importance of commercial banks in helping or hindering peacebuilding and the re-establishment of stable state-society relations after war.

With the midterms finally over, we discuss how it will impact regulatory and legislative policy for financial institutions going forward —as well as how it will affect the 2020 race.

Gathering information is a science. Filtering out noise is an art. To best serve their customers, commercial banks need to find the right balance between the two.

After his father passed away from Leukemia, Jarl Jensen was faced with taking over his company as the new President and CEO at the young age of 26. His dad had always instilled in him an appreciation for out-of-the-box thinking -- often strengthening Jarl's imagination and encouraging him to look at things in a different light. This type of critical thinking would assist him later in life as Jarl went on to invent and patent several medical devices having retail sales of over $500 million dollars! WOW!!! Years later he has proven to not only be a successful, experienced executive of several companies but also an author of multiple books about America's wealth. And while his patented medical ideas have healed the sick, he may now even show signs of changing the world through cultivating a new way to view our financial system. In his latest book "Optimizing America" Jarl crafts a captivating thriller where readers must ponder questions about modern political roles, shatter the “news-in-a-loop” cycle, and change the way we think about the distribution of wealth. In this way, he hopes readers will understand that we can actually optimize America through changing the way our banking system is set up....a pivotal issue that could effect so many other pressing topics in our live's today. To learn more, connect with Jarl personally at https://www.facebook.com/jarl.jensen and make this a movement! Or check out his book, "Optimizing America" which is sold on Amazon: https://www.amazon.com/Optimizing-America-Sustainable-Economic-Growth-ebook/dp/B0767Q98W3/ref=asap_bc?ie=UTF8 You can also listen to "Optimizing America" on Audible: https://www.amazon.com/Optimizing-America-Sustainable-Economic-Political/dp/B07DJMVWP8/ref=tmm_aud_swatch_0?_encoding=UTF8&qid=&sr=&dpID=61kxA3mkg7L&preST=_SX342_QL70_&dpSrc=detail Go to my site at DeniseWalsh.com and enter your email to get a 50% off coupon of the Dream Life Workbook when it comes out (Summer 2018)! Support the show (http://paypal.me/bwalsh)

The Financial services industry resembles a stool with 3 legs. These three legs are (1) the Commercial Banks, Low or Negative Rate of Return, Insured Principal. (2) The Risk of Principal Brokerage Industry Investment Instruments. (3) The Guaranteed Principal, Guaranteed Return, Guaranteed Life Income Financial Instruments provided by Legal Reserve Life Insurance Companies. We provide Doctors access to planning programs that maximize efficiency control and safety of the conversion of their earnings to savings. We prevent unnecessary losses and multiply savings to create guaranteed life income that equals or exceeds their lifestyle costs. Begin earnings, savings, and endowment management. By sending us a message today. Enter your email on 1FinancialLaw.wordpress.com

Jim Young and Dallas Wells discuss an Accenture article on the three traits of innovative commercial banks and what those traits look like in banks we work with. They also discuss the hurdles banks face in becoming innovative.    Accenture article:  https://www.accenture.com/us-en/insight-future-fintech-banking

Jim and Dallas chat about the ramifications of being a complacent commercial bank. You'll learn why you shouldn't keep kicking the tires on digital transformation, what it means to be a passive bank, and where pricing fits in with all of this. 

Jim Young chats with Jeff Marsico, EVP at The Kafafian Group and writer of the blog, Jeff for Banks, on the importance of defining who your customers are and building a strategy to target them.    http://jeff-for-banks.blogspot.com/ http://kafafiangroup.com/   Join us on April 25th - 27th for the third annual BankOnPurpose Conference in Austin, TX. Use promo code 'podcast18' for 10% off your registration. www.bankonpurpose.com 

Jim Young sits down with Dallas Wells, Chief Success Officer at PrecisionLender, to discuss common points of confusion we've seen around the idea of Artificial Intelligence in Commercial Banks.  AI is just bots AI is for retail, not commercial Data used by an AI will be visible to other banks AI will replace Relationship Managers and their interactions with customers AI is still 5-10 years out

Medicare, cybersecurity, favors for banks, mortgages, IRS bullying, a tax cut for the rich, and a couple of good ideas are highlighted from the law and bills that passed Congress in April. Please support Congressional Dish: Click here to contribute with PayPal or Bitcoin; click the PayPal "Make it Monthly" checkbox to create a monthly subscription Click here to support Congressional Dish for each episode via Patreon Mail Contributions to: 5753 Hwy 85 North #4576 Crestview, FL 32536 Thank you for supporting truly independent media! Laws H.R. 2: Medicare Access and CHIP Reauthorization Act of 2015 Sustainable Growth Rate (SGR): Enacted in 1997, the SGR paid doctors for Medicare patients based on the growth in gross domestic product (GDP). If Medicare costs increased more than GDP, doctors payments were cut across the board. According to the American College of Physicians, this formula for payment has meant that the Medicare payment rate to doctors is essentially the same as it was in 2001 and cuts have been postponed so many times that doctors' payments would have been cut by 21% if this bill was not signed into law by April 1. This new law: Repeals the Sustainable Growth Rate formula for Medicare payments to doctors. Increases payments to doctors by 0.5% through 2019 while the payment rate transitions away from a pay-per-service model. The new system will be based on scores assessed by a "Merit-based Incentive Payment System" which will be created by the Secretary of Health and Human Services which will go into effect on January 1, 2019. A list of "quality measures" will be posted every November and doctors can choose which one's will be used in their performance assessments. Doctors will be rated and paid based on a performance score from 0 to 100, which will take improvement into account starting in the second year of the program. The GAO will report on the effectiveness of the system by October 1, 2021. An advisory committee will be created to propose alternative payment models, which will be lump sum payments to group practices and medical homes. Sets a goal for Medicare records to be electronic nation-wide by December 31, 2018. Extends a bunch of existing Medicare programs, including the Children's Health Insurance Program (which covers low income kids whose parents make too much for Medicaid) for two years. Doubles the length of Medicare administrator contracts from five to ten years. Expands nationally a prior authorization requirement for "repetitive scheduled non-emergent ambulance transport" Prohibits the printing of social security numbers on Medicare cards Pays for the new system by... Denying access to policies with no out of pocket costs to people who enter Medicare after January 1, 2020. For all future beneficiaries, they will have to pay at least $147 per year (the cost of the Medicare Part B deductible). Increasing the premiums for relatively high income individuals. People who have a gross income between $133,501 and $160,000 ($267,000 and $320,000 for a couple) will pay a 65% premium instead of 50%, and people above that will pay an 80% premium rate. This would increase with inflation beginning in 2020. Has a huge increase in the levy that the Treasury Department can impose on tax delinquent service providers, increasing it from 30% to 100%, effective on October 16, 2015. Will have auditors distribute information about improper payments to help reduce the number of them. Creates a paper-free option for Medicare notices, saving mail fees. The effect this bill will have on the budget will not be counted. The Congressional Budget Office (CBO) estimates this bill will increase the budget deficit by $141 billion. Passed 392-37 in the House and 92-8 in the Senate Sponsored by Rep. Michael Burgess of Texas 95 pages Bills H.R. 1731: National Cybersecurity Protection Advancement Act of 2015 For reference, here's the text as of March 2015 of the Homeland Security Act, which is amended by this bill. This bill: Adds "private entities" to the list of groups that will be part of the National Cybersecurity and Communications Integration Center, which coordinates information sharing between the Federal government and other entities. Adds new groups to the list of who will be included in the National Cybersecurity and Communications Integration Center who will coordinate with all sizes of businesses. Expands the type of information that the National Cybersecurity and Communications Integration Center will share between the Federal government, local governments, and private sector. Authorizes the National Cybersecurity and Communications Integration Center to share information internationally. Requires the government and businesses to use existing technology to "rapidly advance" implementation of "automated mechanisms" for sharing between the National Cybersecurity and Communications Integration Center and Federal agencies. Participation by non-Federal entities will be voluntary. Agreements that exist before this bill is signed into law will be deemed compliant with this law. All participating entities need to take "reasonable efforts to remove information that can be used to identity specific persons". There's no listed punishments if they don't. The Under Secretary for Cybersecurity and Infrastructure Protection will create policies for governing the use of information shared with the National Cybersecurity and Communications Integration Center 180 days AFTER the bill becomes law. He/she will also be responsible for creating "sanctions" for government employees who disregard his/her privacy policies. Private entities that share information will have immunity from lawsuits, if they share information according to this law. If the Federal government breaks this law, it will have to pay the person actual damages or $1,000, whichever is higher, plus attorneys fees. There is a two year statute of limitations. This law will trump state laws that limit information sharing. The law would sunset 7 years after enactment. Passed 355-63 in the House Sponsored by Rep. Michael McCaul of Texas 60 pages H.R. 1560: Protecting Cyber Networks Act Contains the text of H.R. 1731: National Cybersecurity Protection Advancement Act Within 90 days of enactment, the Director of National Intelligence must develop procedures for sharing classified "cyber threat indicators" with "non-Federal entities" Allows cybersecurity monitoring of government systems to be privatized Allows "non-Federal entities" to share information to with anyone other than the Defense Department. The entity sharing information must "take reasonable efforts" to remove personally identifiable information on people "not directly related" to the cybersecurity threat. The President will develop polices governing what happens to information received by the Federal Government, within 90 days of the bill becoming law. The Attorney General will create policies relating to privacy and civil liberties, within 90 days of the bill becoming law. A new branch, with 50 or less employees, will be created within the Office of the Director of National Intelligence called the Cyber Threat Intelligence Integration Center, which will "serve as the primary organization within the Federal Government for analyzing and integrating all intelligence possessed or acquired by the United States pertaining to cyber threats." Information shared with the government is exempt from public disclosure. Information given to the government "shall not be subject to a rule of any Federal department or agency or any judicial doctrine regarding ex parte communications with a decision-making official." The government can keep and use information given to it to investigate, prosecute, prevent or mitigate a threat of "death or serious bodily harm or an offense arising out of such a threat" and to investigate, prosecute, prevent or mitigate a threat to a minor. The information can also be used to prevent, investigation, disrupt, or prosecute fraud, unauthorized access to computers and transmission of information taken from it, "serious violent felonies" including murder, manslaughter, assault, sexual abuse, kidnapping, robbery, carjacking, extortion, firearms use, firearms possession, or attempt to commit any of these crimes, espionage including photographing or sketching defense installations, and theft of trade secrets. Passed 307-116 in the House Sponsored by Rep. Devin Nunes of California 121 pages H.R. 650: Preserving Access to Manufactured Housing Act of 2015 Changes the definition of "Mortgage originator" to exclude mobile home retailers who take mortgage loan applications, negotiate loans, or advise consumers on loan terms (including rates, fees, and other costs) This exempts mobile home dealers from licensing, registry, a law prohibiting payment based on the terms of the loan, regulations prohibiting steering customers towards loans they can't repay or with excessive fees, regulations prohibiting mischaracterizing a customer's credit history, regulations prohibiting the mischaracterization of the appraised value of the home, or steering a customer towards a loan that's more expensive than others that they qualify for. Increases the interest banks can charge people buying a home for under $75,000 without the loan being labeled as "high-cost", which subjects the loans to Consumer Financial Protection Bureau regulations. The regulations this would exempt the loans from: Ban balloon payments, which is an oversized payment due at the end of a mortgage Prohibit banks from charging prepayment penalties and fees Restrict late fees to four percent of the payment that is past due Bans fees for loan modification Require banks make sure the loan can be repaid before offering it Prohibit banks from recommending that a customer default on a loan Require that banks receive a confirmation that the customer has received homeownership counseling before they accept a high-cost mortgage. Would allow banks to charge $3,000 or 5% in fees for loans under $75,000, whichever is greater. Current law says banks can charge 5% for loans over $20,000, so the $3,000 fee option would hit the smaller loans the hardest. Passed the House 263-162. Rep. Walter Jones of North Carolina was the only Republican no vote. The bill would be vetoed by President Obama. Sponsored by Rep. Stephen Fincher of Tennessee He took $15,150 from Clayton Homes for the 2014 election, his #4 donor and Clayton Home's #1 recipient of funds. Jeb Hensarling, the Chairman of the House Financial Services Committee was Clayton Homes #2 recipient in 2014, giving him $8,750. 4 pages H.R. 685: Mortgage Choice Act of 2015 By changing the definition of what charges count as "points and fees", this bill... Reverses a Dodd-Frank requirement that charges for title insurance be counted as points and fees if they're paid to an affiliate of the bank/creditor that issued the loan. Currently, points and fees can not be greater than 3% of the loan amount, which include fees charged by affiliated settlement providers. Every thing that gets exempted from counting as "points and fees" therefore becomes additional charges the lender is allowed to tack on to a mortgage. Exempts money held in escrow for insurance from being considered points and fees, which exempt insurance charges from the fee caps. The change in definition allows more fees to be charged to mortgages, while keeping those mortgages from being classified as "high-cost" and being subject to greater restrictions. This is a zombie bill from the 113th Congress; it passed by voice vote on June 9, 2014. Passed the House 286-140. Rep. Walter Jones of North Carolina was the only Republican no vote. Sponsored by Rep. Bill Huizenga of Michigan His top three contributing industries are - in this order - Insurance ($273,265), Real Estate ($218,175), and Commercial Banks ($193,000). 4 pages H.R. 299: Capital Access for Small Community Financial Institutions Act of 2015 Federal Home Loan Banks are privately owned cooperatives, funded by the global credit market, which provide money to local banks. There are twelve of them around the country and they are owned by the member banks. Most local banks are members of least one Federal Home Loan Bank. Allows privately insured credit unions to become members of Federal Home Loan Banks if they are FDIC eligible or are certified by the State. If the State doesn't get to it in under 6 months, the application is deemed approved. Zombie bill from the 113th Congress Passed the House by voice vote Sponsored by Rep. Steve Stivers of Ohio His top three contributing industries over the course of his four year Congressional career have been Insurance ($898,858), Commercial Banks ($534,622), and Securities and Investment ($502,098). 6 pages H.R. 1259: Helping Expand Lending Practices in Rural Communities Act Orders the Consumer Financial Protection Bureau to create an application process for people or companies to have their location designated as "rural" This would allow residents to become eligible for certain mortgages and exempt lenders from regulations intended for urban areas, according to Phil Hall of National Mortgage Professional Magazine Sunsets after 2 years. Zombie bill from the 113th Congress Passed the House 401-1. Nydia Valazquez of New York was the only no vote. Sponsored by Rep. Andy Barr of Kentucky He has taken $333,800 from the Securities & Investment industry during his 3 years in Congress. 4 pages H.R. 1195: Bureau of Consumer Financial Protection Advisory Boards Act Creates paid advisory boards for the Consumer Financial Protection Bureau made up of bankers Places limits on funding for the Consumer Financial Protection Bureau Passed the House 235-183, with 4 Democrat Ayes and 5 Republican Nays President Obama would veto the bill Sponsored by Rep. Robert Pittenger of North Carolina His #4 and #5 contributing industries are Securities & Investment and Commercial Banks; he's taken a combined $189,450 during his 3 years in Congress 7 pages H.R. 1314: Ensuring Tax Exempt Organizations the Right to Appeal Act Became the vehicle for Trade Promotion Authority in the Senate Creates an appeal process for organizations that are denied tax-exempt status Would apply to decisions made on or after May 19, 2014. Passed the House by voice vote Sponsored by Rep. Patrick Meehan of Pennsylvania 4 pages H.R. 1026: Taxpayer Knowledge of IRS Investigations Act Gives the Treasury Secretary the option of telling organizations if they are investigating a claim of unauthorized information disclosure by a government, if the investigation substantiated their claim, and if any action, including prosecution, is planned. Passed the House by a voice vote Sponsored by Rep. Mike Kelly of Pennsylvania 3 pages H.R. 709: Prevent Targeting at the IRS Act Allows the IRS to fire employees who steer and audit for a political purpose or for personal gain. Passed the House by a voice vote Sponsored by Rep. James Renacci of Ohio 2 pages H.R. 1104: Fair Treatment for All Gifts Act Makes gifts made to 501(c)4 "social welfare" groups, 501(c)5 labor and agricultural groups, and 501(c)6 business groups (including chambers of commerce, real-estate boards, and professional football leagues) tax exempt. Passed the House by voice vote Sponsored by Rep. Peter Roskam of Illinois 3 pages H.R. 1058: Taxpayer Bill of Rights Act Tells the IRS Commissioner to "ensure" that IRS employees are "familiar with and act in accord" with a list of "taxpayer rights" including The right to be informed The right to quality service The right to pay no more than the correct amount of tax The right to challenge the position of the Internal Revenue Service and be heard The right to appeal a decision of the Internal Revenue Service in an independent forum The right to finality The right to privacy The right to confidentiality The right to retain representation The right to a fair and just tax system Passed the House by a voice vote Sponsored by Rep. Peter Roskam of Illinois 3 pages H.R. 1152: IRS Email Transparency Act Prohibits IRS employees from using personal email accounts for official business Passed the House by a voice vote Sponsored by Rep. Kenny Marchant of Texas 2 pages H.R. 1105: Death Tax Repeal Act Repeals the estate tax for anyone who dies after the bill is signed Repeals the generation-skipping transfer tax, which is a tax on gifts and transfers of wealth to unrelated people who are more than 37.5 years younger than the donor, or to related people who are one generation younger. Would lower the top gift tax rate from 40 to 35 percent. The effects of this on the budget would not be counted. The CBO says this would increase the deficit by $269 billion over the next 10 years President Obama would veto the bill. Passed by 240-179 Sponsored by Rep. Kevin Brady of Texas 7 pages H.R. 622: State and Local Sales Tax Deduction Fairness Act Permanently extends the law that allows taxpayers who itemize their claims to deduct their state's sales taxes instead of getting a deduction for their state's income taxes. The effect of this bill on the budget would not be counted. CBO says this would increase the Federal deficit by $42 billion over the next ten years. President Obama would veto the bill. Passed the House 272-152. Rep. Walter Jones of North Carolina was the only Republican no vote Sponsored by Rep. Kevin Brady of Texas 2 pages H.R. 1562: Contracting and Tax Accountability Act of 2015 Stops Federal agencies from contracting with companies that are tax delinquent A waiver can be issued and the contract granted if a report is submitted to Congress saying that the contract "significantly affects the interests of the United States" Passed the House 424-0 Sponsored by Rep. Jason Chaffetz of Utah 9 pages H.R. 471: Ensuring Patient Access and Effective Drug Enforcement Act Makes the Attorney General list specific laws and regulations that a drug company is accused of violating in their notices to the companies regarding the possible suspension of their drug's registration. Allows drug companies to submit a "corrective action plan" when their drug registration may be suspended Passed the House by a voice vote Sponsored by Rep. Tom Marino of Pennsylvania His top contributing industry for the last election was the pharmaceutical industry; they gave him $55,250. 6 pages S. 971: Medicare Independence at Home Medical Practice Demonstration Improvement Act Increases the length of Medicare contracts for at-home care from 3 years to 5 years Passed the Senate by a voice vote Sponsored by Senator Ron Wyden of Oregon 2 pages H.R. 373: Good Samaritan Search and Recovery Act Clarifies that search and rescue volunteers are not Federal volunteers and are not entitled to Federal compensation. Releases the government from liability for allowing search and rescue teams onto Federal land so that they won't have to get insurance. The government as to approve or deny a request for a search and rescue mission within 48 hours. Passed the House 413-0 Sponsored by Rep. Joe Heck of Nevada Rep. Heck introduced the bill in response to the murder of Keith Goldberg; the search for his body in the Lake Mead National Recreation Area was delayed because the search team needed a special use permit and a $1 million insurance policy. It took 10 months to get the insurance; his body was found 3 hours after their search began. The National Association for Search and Rescue and the National Park Service, however, don't think access is a problem. 6 pages S. 304: Motor Vehicle Safety Whistleblower Act Protects the identity of whistleblowers who provide information relating to motor vehicle defects or other dangerous safety problems. Allows the government to give up to 30% of the fine collected from a car company that breaks the law to the whistleblower whose information lead to the conviction. The whistleblower is not allowed to be represented by a lawyer. Passed the Senate by a voice vote Sponsored by Senator John Thune of South Dakota Senator Thune has taken over $380,000 from the automotive industry 11 pages S. 984: Steve Gleason Act of 2015 Starting in 2016, Medicare would cover speech generating devices. Allows people to own their speech generating devices (as opposed to renting them) if purchased between October 1, 2015 and October 1, 2018. Named after former NFL football player Steve Gleason, who played for the New Orleans Saints before being diagnosed with ALS Passed the Senate of a voice vote Sponsored by Senator David Vitter of Louisiana 3 pages Hearings Rules Committee: April 13 on HR 650 and HR 685, about housing bills. Rules Committee: April 21 on HR 1731 and HR 1560 on Cybersecurity House Committee on Financial Services: March 18 hearing on deregulation for banks titled "Preserving Consumer Choice and Financial Independence" Information Presented in This Episode Article: 'Doc fix' headed to president's desk after easily clearing Senate by Paul Demko, Modern Healthcare, April 14, 2015. Article: The mobile-home trap: How a Warren Buffett empire preys on the poor by Mike Baker and Daniel Wagner, The Seattle Times, April 2, 2015. Article: MBA's Mortgage Action Alliance: A Message from MAA Chairman Fowler Williams by Fowler Williams, National Mortgage Professional Magazine, June 11, 2015. Article: U.S. Bank Profits Near Record Levels by Robin Sidel and Saabira Chaudhuri, Wall Street Journal, August 11, 2014 Article: Bureaucracy hindered search for slain brother by Anjeanette Damon, USA Today, March 8, 2014. Webpage: About the National Cybersecurity and Communications Integration Center, Department of Homeland Security. Webpage: Team Gleason Press Release: Rep. Kelly Introduces Taxpayer Knowledge of IRS Investigations Act Additional Information Kickstarter: Explore Campaign Finance App by Soloman Kahn. Jen's Podcast Appearances Episode 66: Talk Nerdy with Cara Santa Maria Episode 42: Podcast Junkies with Harry Duran Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio) Ask Your Doctor by Neal Fox (found on Music Alley by mevio) Thank you by Ben Willmott (found on Music Alley by mevio)

In this episode, we look at a bill that furthers the "new normal" in Africa, a bill that sanctions Venezuela, a banking bill, a charter school bill, some silly bills that won't become law, and a few Presidential declarations. Presidential Declarations H. Doc. 113-107: Withdrew Russia as a beneficiary country under the Generalized System of Preferences program Russia loses duty-free treatment. On what? State Dept website says: Products that are eligible for duty-free treatment under GSP include: most manufactured items; many types of chemicals, minerals and building stone; jewelry; many types of carpets; and certain agricultural and fishery products. USTR numbers sheet: Top 6 Products: Car parts, metals, tires, oil, precious metal jewelry, corn H. Doc. 113-108: Continued National Emergency in Syria H. Doc 113-109: Proposed agreement for nuclear energy with Vietnam Bills That Passed the House HR 4386: State Supervision of Banks Allows state examinations of banks if the state examines the banks for compliance with federal rules. Became Law on August 8th without any recorded votes. H.R. 3080: Water Project Funding This was the bill that privatized water projects that was the subject of episode CD050: Privatize Water Projects. The version that became law didn't rush environmental reviews. There's no deemed approval of projects and lawsuits against a permit will be barred after 3 years, not five months. The bill keeps the provision that allows natural gas companies and utilities to pay the Army to speed up their permitting process, but added that the authority will expire in seven years and the permits have to be available to the public on the Internet. The House version would have allowed privatization of facility management and emergency water projects but the law allows privatization of the construction of publicly paid-for water projects in the United States. The pilot program to privatize fifteen flood mitigation projects also survived. [caption id="attachment_1556" align="aligncenter" width="300"] Escape from privatized flood control projects in style![/caption] HR 2548: Economic Hitmen to Africa Act of 2014 Passed 297-117 on May 8, 2014 "The Millennium Challenge Corporation's work in the energy sector shows high projected economic rates of return that translate to sustainable economic growth and that the highest returns are projected when infrastructure improvements are coupled with significant legislative, regulatory, institutional, and policy reforms." Orders a report on "Administration policy to support partner country efforts to attract private sector investment and public sector resources." Would be US policy to promote installation of 20,000 megawatts of electricity in sub-Saharan Africa by 2020 and support "the necessary in-country legislative, regulatory and policy reforms to make such expansion of electricity access possible." Electricity would come from new hydroelectric dams "supported" by the private sector. The President needs to establish the policy and funding strategy which includes efforts "to attract private sector investment and public sector resources". It's the sense of Congress that USAID should give loan guarantees to banks in Africa and grants to undefined groups to support this plan. USAID is requesting $1.5 billion from Congress in 2015. Part of the strategy includes providing technical assistance to African governments "to remove unnecessary barriers to investment" in commercial projects. "Trade and development policy: In general, the director of the Trade and Development Agency should promote United States private sector participation in energy sector development projects..." Introduced by Rep. Ed Royce, who represents the hot and dusty parts of Orange County, California. S. 2508, an almost identical bill, was introduced in the Senate in June by a Democrat. The White House has not issued a veto threat. H.R. 4578: Sanction Venezuela Act No Recorded Vote - Passed Unanimously After the former President of Venezuela, Hugo Chavez, died in 2013, his hand-picked Vice President, Nicholas Maduro, became President. President Maduro continued the policies of Hugo Chavez which are not liked by the multi-national corporations. For example, he recently cracked down on electronics and car dealers for price gauging, making good on an announcement from late last year during which he said he wants limits on business' profit margins. President Nicholas Maduro is not a free-market kind of leader. Since February, there have been protests in the wealthier areas of Venezuela. This is where things get murky. The protests were started by students who were apparently protesting the high crime rate, inflation, and inability to get certain products. People against President Maduro quickly joined. President Maduro has accused the United States of stirring up the protests to attempt what he called a "slow-motion" coup, like the recent successful coup in Ukraine. It's worth remembering that the U.S. was proven to have attempted a coup in Venezuela as recently as 2002. Either way, President Maduro's government has responded with arrests of protestors and expelled three U.S. diplomats from Venezuela whom President Maduro said were responsible recruiting students to lead the protests. H.R. 4578 says that in response to the government's response to the protests - including the intimidation of journalists by the government - the U.S. government will take the following actions: Sanctions against current or former Venezuelan government officials, or anyone acting on behalf of the government, who ordered violence, the arrest of protestors, media censorship, or provided money or support to someone who did. The sanctions include asset blocking of money or property if it comes into the possession of the United States or a United States "person" (corporation). Exception: The importation of goods. The same people eligible for sanctions will be ineligible for visas into the United States. Exception: To let them in for a United Nations event. Sanctions will be applied to people or companies who give Venezuela firearms, ammunition, technology, including telecommunications equipment. The bill also orders a classified report from the Secretary of State on how to improve communications for activists in Venezuela, including activities to "train human rights, civil society, and democracy activists in Venezuela to operate effectively and securely." Gives $5,000,000 to USAID to "provide assistance to civil society in Venezuela" There is currently a hold on the Venezuelan sanctions in the Senate because Senator Mary Landrieu - who has taken at least $1.4 million from the oil & gas industry - put a hold on the bill after Citgo - the wholly owned U.S. subsidiary of Venezuela's national oil company - raised concerns that the sanctions would make it harder for the company to import their Venezuelan oil. H.R. 10: Another Charter School Bill Charter School Defined A public school that is exempt from State and local rules about the management of public schools. The schools can not be religious or charge tuition. The purpose of the bill is to use $300 million to expand the number of charter schools in the United States and to divide our education money more equally between public and charter schools. The most significant change to the rules on charter schools is that public money would go towards charter school facilities, which is not currently allowed. The bill would force States to spend 12.5% of their Federal education money on charter school facilities. Creates the "per-pupil facilities aid program" which gives five year grants to States to give to charter schools for facilities. Charter school grants will be valid for five years; currently, the grants are valid for three. States may privatize the application process. Priority for grants will be given to States that don't limit the number of charter schools or the percentage of students that attend charter schools. The application process will include the applicant's ability to get money from the private sector. The vast majority of both Democrats and Republicans voted for it. This bill was authored by Rep. John Kline of Minnesota. He's Chairman of the Education Committee and his #1 campaign contributor for this upcoming election is Apollo Education Group, a multi-billion dollar corporation that makes its money in for-profit education. H.R. 3584: Privately Insured Credit Unions Can Become Members of Federal Home Loan Banks Federal Home Loan Banks Are privately owned cooperatives; they're owned by the member banks They provide money to local banks There are twelve of them around the country Most locals banks are members of at least one Federal Home Loan Bank They get their money from the global credit market. What Would H.R. 3584 Do? Allows privately insured credit unions to become members of Federal Home Loan Banks if they are FDIC eligible or are certified by the State. If the State doesn't get to it in under 6 months, the application is deemed approved. This bill was sponsored by Rep. Steve Stivers of Ohio. His top two contributing industries are Insurance and Commercial Banks. H.R. 4225: Jail for Advertisers Bill Makes advertising the services of prostitutes who are under 18 or are forced into prostitution punishable by ten years in prison. Only nineteen representatives voted against this bill and it now moves into the Senate. Authored by Rep. Ann Wagner of Missouri. [caption id="" align="aligncenter" width="300"] Will I get ten years in prison for posting this image?[/caption] H.R. 2527: Therapy for Veteran Sexual Assaults Allows veterans who were sexually assaulted during training to get therapy to deal with the assault included as part of their veterans' health benefit package. Passed without a recorded vote. H.R. 4438: Permanent Business Tax Credits Expands and permanently extends the tax credits businesses receive for research and development expenses. Exempts these tax cuts from being counted by the PAYGO budget scorecard. The bill was written by Rep. Kevin Brady of Texas. The President said he would veto the bill because the tax credits are not paid for. Music Presented in This Episode Intro and Exit Music: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio) Let Their Heads Roll by Jack Erdie (found on Music Alley by mevio)

This show began with a discussion of Sources of Funds and The Primary Market. Traditional Direct Lenders such as Savings and Loans, Commercial Banks and Credit Unions were discussed. Also, the Savings and Loan problems of the 1980’s that led up to the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) were discussed.