Articles

Michigan Banking Summary: The Noah Principle

March 22, 2019 - 6 min read

There is an old Wall Street saying that “Bull Markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.” Clearly market volatility has picked up in recent months, as competing sentiments regarding uncertainty over global trade tensions and the potential implications of a chaotic Brexit duel with continued low unemployment…

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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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Michigan Banking Summary: Plenty of Room at the Top

December 6, 2018 - 6 min read

As year-end 2018 rapidly approaches, I was looking at the landscape of Michigan’s banks across different asset-size classes. In past monthlies, I have sometimes opined on changes to this landscape, particularly as some of the state’s largest entities like NBD, First of America, Old Kent, Michigan National, etc. were merged out of existence. At the…

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White House: Say It Ain’t So, Jerome!

October 26, 2018 - 6 min read

There has been much commentary of late concerning the Federal Reserve’s perceived independence and the central bank’s ability to enact policy decisions amidst political rhetoric and fears that the current rate-raising campaign by the Fed could inadvertently short-circuit economic growth. In late September, the Fed raised its benchmark rate another 25 basis points, marking the…

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CRE: Prudence is Paramount

September 28, 2018 - 5 min read

Recently two snippets from a well-known banking industry daily publication caught my eye. One simply focused on the number of banks in the United States concentrated in Commercial Real Estate (CRE) loans, while the other was titled “Financial Regulators Clarify Guidance Is Not Regulation.” Both, for me, served to coalesce around a prudent, best-practices approach…

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Seamless Transitions the Order of the Day

August 20, 2018 - 4 min read

Eno to Keene.  Connor to Waldron.  Palmer to Daust.  Mann to Schaible.  Lueth to Bitzer.  Ward to Oldford.  Eichler to Snider.  These are just a few of the management transitions in process across the Michigan banking sector. Some involve the assumption of full CEO responsibilities, while others set the stage by designating the President’s title…

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All Eyes Are On The Yield Curve

July 17, 2018 - 6 min read

This will not be an economic treatise on the current shape of the yield curve, nor on the prognosis nor probability of a recession.  There have been more than enough articles written in recent months (and more surely to come) opining on the continued flattening of the curve as short rates have moved higher with…

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Quarterly Earnings Guidance: Benefit or Burden?

June 20, 2018 - 6 min read

I’m thinking that coming off the Fed meeting last week, the last thing you need or want is to read the 80th-odd treatise on the recent rate hike, and another analyst pontificating on inflation, unemployment, the shape of the yield curve, etc.  Quite simply, the recent increase to the Fed’s benchmark rate, coupled with Chairman…

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Banking Bill 2155: The House Says “Yes”

May 25, 2018 - 4 min read

Recall a couple of months ago that we opined on passage in the Senate of the Economic Growth, Regulatory Relief, and Consumer Protection Act, or in shorthand, S.2155. While the opportunity to move forward on some key components of regulatory reform coupled with the sense of a more “supportive tone” toward the banking industry coming from…

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Senate Banking Bill 2155. House, It’s Up To You

March 26, 2018 - 4 min read

Candidly, I am not sure if I am more excited about the possibility of some meaningful regulatory relief at the community bank level recently making it through the Senate last week, or the fact that it garnered true bipartisan support at a time when seemingly intransient political polarization seems to be the order of the…

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Fed to Wells: Can You Hear Me Now?

February 20, 2018 - 6 min read

I had anticipated that this month I would simply script a quick overview of the recently released CCAR/DFAST severely adverse economic scenario dynamics. And much like last year (“Do the 2017 CCAR Scenarios Signal Regulatory Focus?”, 2/16/2017), opine on any potential hidden (or overt) messages being sent by the regulators in terms of risk management…

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