Articles

ProBank Austin Advisor

January 27, 2020 - 1 min read

A new uncertainty, the coronavirus, is dominating investor actions. Just when the uncertainties of last year seem to be declining, a new fear jumped up last week. The risk of a pandemic from the coronavirus is driving pricing in financial markets. Stock prices dropped on Friday as new cases were reported in the U.S. and…

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Begin the Year Right

January 21, 2020 - 3 min read

In 2015, I was invited to write an article for the September/October issue of Western Banker on technology. The title of the article was “Managing Technology Service Provider Relationships”. I focused on the steps a financial institution should take to maximize its relationship with technology vendors, especially its core processing vendor. In that article, I…

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ProBank Austin Advisor

January 20, 2020 - 1 min read

With little new data this week, the focus will be on Washington. Last week was filled with events driving asset pricing. The phase one trade agreement with China was signed. The USMCA was passed in the Senate and is now ready for signing by the President. The uncertainties over trade issues have diminished with these…

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London Interbank Offerated Rate (LIBOR)

January 15, 2020 - 3 min read

The London Interbank Offered Rate (LIBOR) has been an interest or reference rate benchmark frequently used by financial institutions to price assets, liabilities, and other financial instruments for decades. Although viewed as a benchmark used primarily by large institutions, LIBOR can important for small institutions as well. At some point after 2021, LIBOR is expected…

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ProBank Austin Advisor

January 13, 2020 - 1 min read

The data from last week and expected this week confirms our forecast for growth. Our forecast has called for Real GDP in the fourth quarter of 2019 to be 2.3%. The consensus forecast had been for less than 2% growth. That would be below the 2.1% and 2.0% reported for the second and third quarters….

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Social Security Administration Fraud Database

January 10, 2020 - 2 min read

Background – Section 215 of the Economic Growth, Regulatory Relief, and Consumer Protection Act directs the Social Security Administration (SSA) to modify or develop a database for accepting and comparing fraud protection data provided electronically by a permitted entity. Permitted entities are financial institutions (or service providers, subsidiary, affiliates, agents, subcontractors, or assignees of financial…

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LoanPricingPRO® Registers Record Increase in Client Use in 2019!

January 9, 2020 - 3 min read

  Many thanks to our new and continuing clients – we couldn’t do it without You! LoanPricingPRO® software, the commercial loan pricing system from ProBank Austin, had its best year ever in 2019, experiencing client utilization growth of 21%, following solid growth of over 10% in 2018. Growth was fueled by both new clients signing…

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Agencies Issue Final Rule to Update Management Interlock Rules

January 7, 2020 - 1 min read

On October 2, 2019, the OCC, FDIC, and Federal Reserve issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA). The DIMIA major assets prohibition prohibits a management official of a depository organization with total assets exceeding $2.5 billion…

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ProBank Austin Advisor

January 6, 2020 - 1 min read

Just when old uncertainties declined a new one appears to threaten growth. A new uncertainty for investors to worry about surfaces as the old one’s fade. Conflict in the Middle-East now threatens to escalate and disrupt oil markets. While trade issues have declined with the passage of the USMCA and a phase one agreement with…

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