Articles

TCF: Talmer & Chemical, Forever

February 19, 2019 - 6 min read

For most folks in Detroit, they will probably never know that TCF stands for Twin Cities Federal, an old thrift institution with its roots in Minnesota. Or that TCF nearly failed in the mid-‘80s, before being resuscitated and rebuilt into a formidable operation by a disciplined and creative CEO with roots in Michigan’s banking community…

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ProBank Austin Advisor

February 18, 2019 - 1 min read

We might have been off not getting any more data than what was released last week. Government agencies which were shut down are now trying to play catch-up with economic data releases. The Commerce Department was one such agency. They released retail sales for December last week, which was one month later than normal. If…

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ProBank Austin Advisor

February 11, 2019 - 1 min read

The re-opening of government has allowed some data to begin to be released. We are finally starting to get some important data that had been delayed with the partial government shutdown. Retail sales for December are expected to be released this week for December. This is a month later than it was due. Expectations are…

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Technology Contract Review: What You Don’t Know Can Be Costly.

February 6, 2019 - 3 min read

  “By failing to prepare, you are preparing to fail.” Benjamin Franklin. To say reviewing technology agreements (core processing and related agreements) is a large part of my job would be an understatement. Not only must I review all agreements at the beginning of any engagement I undertake (either a competitive vendor evaluation or a…

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ProBank Austin Advisor

February 4, 2019 - 1 min read

We still lack data to determine how final demand is reacting to political uncertainty. The Labor Department was fully funded during the government shut down and was able to release the employment report for January. The data was affected by the method used to calculate the unemployment rate . It went up to 4.0% from…

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ProBank Austin Advisor

January 30, 2019 - 1 min read

The disruption in the release of data makes forecasting much more difficult. Very little new data was released last week as financial markets were driven by earnings releases. Those releases were generally better than expected with the large banks being the best. This week will see some market moving data but not enough to affect…

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ProBank Austin Advisor

January 22, 2019 - 1 min read

Markets have moved on only a rumor of positive news. Volatility works both ways. So far this year, the volatility has been positive. The S&P 500 is up 6.5% this month. Market interest rates have risen. The yield on the two-year treasury was up 9 basis points last week and 12 bp since the beginning…

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ProBank Austin Advisor

January 14, 2019 - 1 min read

A partial government shut-down is disrupting the release of data adding to uncertainty. The partial government shutdown is affecting the release of data investors rely on to determine the condition of the economy. The trade data from November was not released last week and the retail sales due out this week will not be available….

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ProBank Austin Advisor

January 7, 2019 - 1 min read

The employment report was a huge surprise and calmed fears of a recession. The risks being priced into both stock and bond markets include a slowing of economic growth in 2019 and no increase in inflation . Those risks were reduced with the release of the December labor report last Friday. Nonfarm payrolls increased by…

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