Articles

ProBank Austin Advisor

July 1, 2019 - 1 min read

The divergence in economic data is driving the bond and stock markets. The divergence in capital markets mirrors the divergence in economic data. Consumer confidence was down from above 130 on the Conference Board’s index in May and remained at the low level of 121.5 in June. At the same time, personal spending and incomes…

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Life of Loan Calculations Critical to CECL: Essential Concepts in CECL Preparation

June 25, 2019 - 4 min read

Financial institutions continue to prepare for the transition to accounting standard ASU 2016-13, commonly known as CECL.  The new accounting standard requires institutions to recognize the full life of loan expected credit loss at the time of origination. As implementation dates creep closer, most are busy gathering data, building models or selecting 3rd party partners, and…

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Loan Pricing Model Target Return on Equity (ROE) Calibration

June 24, 2019 - 4 min read

Jun 2019 by Andy Morgan Essential Concepts in Pricing Loans Imagine this scenario. You’ve purchased loan pricing software.  Your team is excited to implement the model to help drive commercial relationship profitability. You install the model, login for the first time, and then the questions start popping up.  Where did these assumptions come from? Why don’t…

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ProBank Austin’s Jessie Earns American Bankers Association’s CRCM Designation

June 24, 2019 - 3 min read

LOUISVILLE, KENTUCKY, June 2019  ProBank Austin is pleased to announce that Dennis Jessie, Senior Consultant, has earned the American Bankers Association’s Certified Regulatory Compliance Manager (CRCM) designation. The Certified Regulatory Compliance Manager (CRCM) designation is awarded to those whom have completed the approved training programs and demonstrate proven knowledge in regulatory requirements, detection, prevention, and…

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ProBank Austin Advisor

June 24, 2019 - 1 min read

The Fed met last week and did exactly what investors and politicians wanted. The Fed did not disappoint last week. They did not change current monetary policy leaving the Funds rate unchanged. They did open the door for a rate cut at their July meeting. The FOMC noted an increased level of uncertainty since their…

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ProBank Austin Advisor

June 17, 2019 - 1 min read

The FOMC meets this week with widespread expectations of a rate cut. The Federal Open Market Committee meets this week with the bond market already pricing in a cut in managed rates. We do not believe that will happen. The key data piece was released last Friday. Retail sales were up 0.5% for the month…

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Rethinking the Qualitative Adjustment Process Under CECL

June 11, 2019 - 7 min read

Written by: Jeff Morris, ProBank Austin Financial Institutions of every size, whether public or private, are continuing to invest time, effort, and resources into their preparations for CECL, as implementation dates draw nearer for the largest single accounting standard change to hit the financial services industry in decades. Numerous individuals inside every institution, including board…

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ProBank Austin Advisor

June 10, 2019 - 1 min read

The speculative bubble is in the bond market. The labor market report for May released last Friday has solidified forecasts of a Fed cut in managed rates later this year. Nonfarm payrolls were reported as having only increased by 75,000 for the month. The job growth data for March and April were revised downward by…

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Fowler Receives Elite ‘CAMS’ Anti-Money Laundering Credential

June 7, 2019 - 2 min read

  [BRENTWOOD, TENNESSEE, June 2019]  Taylor Fowler, a Consultant at ProBank Austin, was recently awarded the widely recognized CAMS®credential by the Association of Certified Anti-Money Laundering Specialists®(ACAMS®), the world’s leading organization of professionals in the anti-money laundering (AML) field. The CAMS (Certified Anti-Money Laundering Specialist) designation is awarded to professionals who successfully complete a rigorous…

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ProBank Austin Advisor

June 3, 2019 - 1 min read

We are approaching the time to consider a permanent change in the U.S. economy. Tariffs, tariffs, and more tariffs. That is the only driver of financial asset pricing. Economic fundamentals do not matter. Market interest rates dropped to levels not seen since early 2018 when the Fed was normalizing monetary policy. The yield on the…

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ProBank Austin Advisor

May 29, 2019 - 1 min read

The data being released still does not reflect a direction or trend of economic activity. Financial markets are being held hostage by the inconsistent data released in the last three months and the fear of trade wars. The data released last week was again in conflict. Existing home sales were below expectations for the month…

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