November, 2012

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The Case for the Big Branch

Jeff For Banks

'I had a very interesting conversation with a bank client today. He called me to discuss, among other things, his bank''s expansion strategy. During the discussion, I mentioned that I had recently driven by one of his branches and that it was the biggest in town. What he said about it inspired this post. Being the biggest branch in town, in terms of square footage, is not something cheered among industry pundits these days.

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The ECB-report on virtual currency schemes: some reflections

Money and Payments

'The last month, the ECB published a report on virtual currency schemes. I have been reading this with great interest as it signals the involvement of the central banks in a new area: virtual currrencies. The relevance of this report must therefore not be misunderstood. We should remember that in 1994, the EMI-report on pre-paid cards signalled the start of the regulation of prepaid-cards and electronic money products.

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Shark Tank: Bankers' Edition

Jeff For Banks

'Reality shows are generally not my thing. Don’t get me wrong, I’m often subjected to the genre because I submit to family preferences. How else would I know that Emmitt Smith is quite the twinkle toes. But, while channel surfing, I discovered Shark Tank. On Shark Tank (see the clip below), entrepreneurs pitch their ideas to a panel of angel investors, known as sharks, to win funding for their enterprise.

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Deposit Fees: Now Is The Time

Jeff For Banks

'Aside from my Navy days, I have been in banking all of my life. But I don''t balance my checking account. Instead, I run the family budget through a spreadsheet, check my account activity online, and hope for the best. Last week the best got to me. I overdrew my account because I failed to log an auto repair in my trusty budget spreadsheet. Did I bounce checks?

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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The Jeff For Banks Federal Income Tax System

Jeff For Banks

'This is not a political blog. I do not express political opinions, at least overtly. Because I have opinions. Oh I have opinions. But this presidential election season had me whaling and gnashing teeth for it to be over, much like that toddler on YouTube. I would much prefer to analyze personal relationships on Jersey Shore than be subjected to more taunts and finger pointing from presidential hopefuls.

Taxes 72