Best Paul Bergquist Podcasts (2024)

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Episode 232: Let's talk about 'buy now, pay later' products! 13:43

3h ago13:43

13:43

This episode examines a recently published Frequently Asked Questions (FAQ) report from the Consumer Financial Protection Bureau (CFPB) on ‘Buy Now, Pay Later’ products. The FAQ provides a general overview of BNPL and explains ‘Pay-in-Four’ BNPL loans. A link to the FAQ on the CFPB website is included below. Link: Buy Now, Pay Later Product FAQs | …

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Episode 231: How did Fannie Mae and Freddie Mac end up in conservatorship? 27:18

5h ago27:18

27:18

This episode focuses on the history of Fannie Mae and Freddie Mac. How did these organizations start and evolve over the years? What scandals were they involved in before the financial crisis? What was their role during the financial crisis of 2007-2009? What are the arguments for and against privatization? Finally, what is happening now? Link: Fan…

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Episode 230: SBA Update 25:24

5h ago25:24

25:24

This episode provides an update on the Small Business Administration (SBA) and the programs it offers. The SBA has rolled out a new 7(a) Working Capital Pilot Program, which is a line of credit up to $5 million. The SBA is seeking out new lenders to work with in an attempt to expand access to their various loan programs. Finally, borrowers that uti…

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Episode 229: Interview with SBA lender Paul Avery 29:17

17h ago29:17

29:17

This episode is an interview with Paul Avery, who is an SVP SBA lender with Meridian Bank. Paul and I go through the various SBA loan programs. We discussed 504 loans, 7(a), Express, Export, and Microloans. We spent some time discussing the ins and outs of the 7(a) loan. Namely, how long is the process, what documents are required, can closing cost…

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BND: Strategy Room 9-20-2024 1:18:45

11h ago1:18:45

1:18:45

The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.By Dr. Joseph Bergquist

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Episode 228: What should bank board members be reading? 16:30

6h ago16:30

16:30

This episode looks at eight different books that bank board members should be reading. If you are thinking about joining a bank board, have recently joined a bank board, or even if you are a veteran board member, you should check out this list!By Dr. Joseph Bergquist

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Episode 227: Is the Fed's 2% inflation target a good mandate? 15:04

5h ago15:04

15:04

This episode examines the Fed’s 2% inflation target. First, does it make sense as a good target? Second, is it good or bad that the Fed is going to decrease rates? Third, why is the Fed always praised for fixing the problems they create?By Dr. Joseph Bergquist

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Episode 226: Basel III Endgame Update! 16:14

6h ago16:14

16:14

This episode looks at multiple articles providing an update on the proposed legislation known as the Basel III Endgame. This legislation is looking to dramatically increase the amount of capital being held at the largest financial institutions, not only in the U.S. but in the U.K. and Europe. The legislation was introduced in July of 2023 and recei…

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Episode 225: How can your bank improve digital lending? 16:57

2h ago16:57

16:57

This episode reviews a recent blog post form PCBB titled “5 tips to improve your digital lending efforts.” PCBB reviewed the Digital Banking Report 2024 on the state of digital lending in banks. Some of the key findings reviewed: types of credit that can be initiated online vs mobile, the end-to-end digital process, branch visits, time to complete …

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Episode 224: What do small businesses want from their bank? 21:12

12h ago21:12

21:12

This episode reviews a recent blog post from PCBB titled “What do small businesses really want from their FI?” A recent survey from BAI of small business customers is reviewed to see their comments on primacy, bank switching, channel preference, branch proximity, improving digital capabilities, and generative AI. What is real and what is perceived …

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Episode 223: The rise of Tether! (Crypto Series Part X) 22:36

3h ago22:36

22:36

This episode examines the growth of the stablecoin Tether. We also look at what is a stablecoin. How Tether works and how Tether is different from TerraUSD, which failed in 2022. Links to several articles and sources are listed below. Link: Tether: The Cryptocurrency Fueling the Financial Underworld - WSJ Link: Tether (USDT): Meaning and Uses for T…

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BND: Strategy Room 9-13-2024 1:11:23

8h ago1:11:23

1:11:23

The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.By Dr. Joseph Bergquist

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Episode 222: Can trademarks in banking hurt your financial institution? 11:25

5d ago11:25

11:25

This episode examines a study from the Federal Reserve titled “Trademarks in Banking” by Ryuichiro Izumi, Antonis Kotidis, and Paul E. Soto. The researchers found that banks that share their name with a failed bank experience a decrease in transaction deposits relative to banks with similar characteristics but different names. In other words, if yo…

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Episode 221: How will AI be adopted into analyzing credit risk? 17:34

2d ago17:34

17:34

This episode looks at how AI can be incorporated into analyzing credit risk within a bank. Many banking professionals in charge of credit risk at their respective financial institutions would like to see how AI can be used in client engagement, credit decision and underwriting, portfolio monitoring, and customer assistance. A link to the PCBB BID d…

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Episode 220: Do you know how heavily your state is regulated? 19:07

3d ago19:07

19:07

This episode examines a report from The George Mason University Mercatus Center titled “Quantifying Regulation in US states with State RegData 2.0” by James Broughel and Patrick McLaughlin. The authors try to answer the question, how regulated is your state? A link to the study is included below. Link: Quantifying Regulation in US States with State…

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Episode 219: Review of Bank Director 2024 Ranking Banking Report 13:56

4d ago13:56

13:56

This episode reviews Bank Director’s 2024 Ranking Banking Report. The report ranks the largest 300 publicly traded banks by performance. They also rank the top 25 banks by each asset size category – less than $5 billion, $5 billion to $50 billion, and $50 billion and above. Let’s see who made the cut! Links to a Bank Director article and the report…

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Episode 218: Review of FDIC Quarterly Banking Profile for 2Q 2024 15:05

5d ago15:05

15:05

This episode examines the FDIC’s Quarterly Banking Profile for the second quarter of 2024. How are community banks performing? A link to the current report and a previous episode covering the fourth quarter of 2023 are included below. Link: FDIC Quarterly Banking Profile - Second Quarter 2024 Previous Episode Link: Episode 86: Review of FDIC Quarte…

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Episode 217: P2P payment fraud, what you need to know! 12:15

6d ago12:15

12:15

This episode examines peer-to-peer (P2P) payment fraud. The amount of this fraud has skyrocketed over the last few years and is projected to increase in the years ahead. We look at common P2P scams, actions you can take to try and prevent this type of fraud, and we see what a new industry group is doing to try and combat these types of fraud. Links…

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BND: Strategy Room 9-6-2024 1:13:15

6d ago1:13:15

1:13:15

The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.By Dr. Joseph Bergquist

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Episode 216: What is the discount window and how do banks get access? 19:52

20d ago19:52

19:52

This episode examines the discount window and answers how banks get access to it? The discount window is a lending facility, which works like a line of credit, that is open to all financial institutions. The main users of the discount window have historically been the “money center banks,” which are made up of the 25 largest banks in the U.S. Most …

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Episode 215: Customers Bank hit with enforcement action over crypto! (Crypto Series Part IX) 17:40

16d ago17:40

17:40

This episode examines recent enforcement actions taken against Customers Bank by the Federal Reserve Bank of Philadelphia for their involvement with cryptocurrency and / or digital assets. The Federal Reserve Bank of Philadelphia found that Customers Bank had deficiencies in their risk management program as it related to BSA and AML compliance. Cus…

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Episode 214: How do banks feel about loan growth? 20:23

22d ago20:23

20:23

This episode examines the potential for loan growth right now at U.S. banks. We look at the Federal Reserve Senior Loan Officer Survey for July 2024, an article from Bank Director, an Article from S&P Global, and an article from The Business Journals. Banks are not feeling that great about loan growth in the short-term and have tightened up lending…

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Episode 213: What are Chinese and Japanese Megabanks doing? 16:40

18d ago16:40

16:40

This episode examines recent actions and polices with China and Japan’s megabanks as they both struggle with different issues. China has a major real estate problem, and a surging Yen could threaten profits for Japanese banks. China and Japan are the two largest purchasers of U.S. debt, so we must keep an eye on their economies.…

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Episode 212: How is the Chinese property market effecting their banks? 16:20

19d ago16:20

16:20

This episode examines the current state of the Chinese real estate market. Has a deterioration in property values caused problems for their banks? How is the Chinese government dealing with the issue? Can we trust the numbers coming out of China?By Dr. Joseph Bergquist

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Episode 211: Let's check in on CEO salaries! 20:17

19d ago20:17

20:17

This episode looks at 2023 CEO pay for banks, financial services, and S&P 500 companies. Jamie Dimon remains in the top spot for banks, but who takes the top spot for financial services and S&P 500 companies? Are CEOs paid too much?By Dr. Joseph Bergquist

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BND: Strategy Room 8-30-2024 1:01:41

19d ago1:01:41

1:01:41

Weekly banking update. Provides financial news and commentary, top stories in the business world, economic indicators, and what is coming up next week.By Dr. Joseph Bergquist

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Episode 210: Interview with Mark Ritter, CEO of MBFS 25:28

20d ago25:28

25:28

This episode is an interview with Mark Ritter who is the CEO of Member Business Financial Services (MBFS). MBFS provides support services to Credit Unions such as underwriting, documentation, loan servicing, and SBA loan support. MBFS is considered a “CUSO,” which is a Credit Union Service Organization, meaning that the business entity is owned by …

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Episode 209: Commercial Real Estate Update 25:05

21d ago25:05

25:05

This episode provides an update on the commercial real estate market. Five articles are examined from S&P Global Market Intelligence (subscription required), Bank Director, and PCBB. Topics covered include should banks prepare for potential losses, precautionary measures that banks can take, community bank earnings tested but not crushed by CRE, Ge…

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BND: Strategy Room 8-25-2024 1:06:31

25d ago1:06:31

1:06:31

This was a Live Stream on Podbean for the podcast audience. This episode provides a weekly update on U.S. banking industry news.By Dr. Joseph Bergquist

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Episode 208: Its official, BLS cooking the jobs numbers! 17:48

27d ago17:48

17:48

This episode looks at the stunning revisions this week in reported employment numbers from the Bureau of Labor Statistics (BLS). This was the largest downward revision in 15 years! And one of the largest downward revisions in history at over 800,000 jobs! This report confirms what some have been suspecting for the last 18 months, that BLS has been …

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Episode 207: U.S. Treasury is manipulating interest rates! 25:43

27d ago25:43

25:43

This episode looks at a recent paper issued by Stephen Miran and Nouriel Roubini titled “ATI: Activist Treasury Issuance and the Tug-of-War over Monetary Policy.” The paper was highlighted in a feature article on CNBC titled “Kelly Evans: Is Treasury manipulating interest rates.” Links to both the paper and article is included below. The subject pa…

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Episode 206: What is The Jackson Hole Economic Symposium? 14:06

28d ago14:06

14:06

This episode looks at The Jackson Hole Economic Symposium that takes place every year in August in Jackson Hole, Wyoming by the mountains of Grand Teton National Park. This year’s symposium will take place between Thursday, August 22nd and Saturday, August 24th. For over 50 years, The Jackson Hole Economic Symposium has been a major gathering for F…

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Episode 205: FHFA's new credit scoring requirements 16:05

1M ago16:05

16:05

This episode reviews an article from ICBA titled “Ron Haynie & Tim Roy: Deciphering FHFA’s Credit Score Transition.” The Federal Housing Finance Agency (FHFA) has issued new credit scoring requirements for Fannie Mae and Freddie Mac by transitioning from the classic FICO to the FICO Score 10 T and VantageScore 4.0 credit scoring models. Is this a g…

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Episode 204: Review of Bank Director 2024 Governance Best Practice Survey 16:04

1M ago16:04

16:04

This episode reviews Bank Director’s 2024 Governance Best Practices Survey and a related Bank Director article titled “2024 Governance Best Practices Survey: Exercising Independence” by Emily McCormick. This annual survey examines board responsibilities, risk oversight, composition, engagement and governance practices. The question is asked can a d…

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Episode 203: What is happening in the U.S. labor market? 24:31

1M ago24:31

24:31

This episode reviews four articles to get a better understanding of the current U.S. labor market. Is there a white-collar job squeeze? Are half the U.S. online job postings fake? What is the new normal for pay raises? Are the lowest-paid workers the hardest hit as unemployment rises? These are some of the questions we try to address. Links to the …

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Episode 202: How can small banks level the playing field? 10:32

1M ago10:32

10:32

This episode reviews an article from Bank Director titled “Three ways smaller banks are leveling the playing field” by Cetin Duransoy. This article lays out three ways that smaller banks and credit unions can effectively compete against the industry behemoths. The three potential solutions include 1) highlight their impact to build consumer confide…

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Episode 201: Is the FDIC proposal on brokered deposits a problem? 20:06

1M ago20:06

20:06

This episode reviews several articles from S&P Global Market Intelligence. The first article titled “FDIC proposal would classify more BaaS deposits as brokered, not core." The second article is titled “US elections have potential to reshape fintech regulatory landscape." Both articles were written by Yizhu Wang. The first article addresses the pro…

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Episode 200: Check fraud is a BIG problem! 22:12

1M ago22:12

22:12

This episode reviews an article from the ABA banking journal titled “Is it time to kill the paper check?” by Evan Sparks and an article from The Business Journals titled “Big brands are ditching paper checks. Small-business owners might not be able to do the same” by Andy Medici. These articles detail the current usage of checks in the banking syst…

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Episode 199: Banks continue to reduce CRE exposure 17:52

1M ago17:52

17:52

This episode reviews an article from bank director titled “Banks start to take their lumps to address CRE exposure” by Paul Davis and an article from S&P Global Market Intelligence titled “Many top office lenders continue to dial back exposure” by Claire Lawson and Robert Clark. These articles highlight how banks are still struggling with commercia…

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Episode 198: Update on bank stocks 15:51

1M ago15:51

15:51

This episode reviews a series of articles from July through August of 2024 to check in on how banks stocks are performing. Bank stocks continue to be impacted by commercial real estate loans and portfolio concentrations, compressing net interest income, regulatory burden, presidential election cycle, mixed earnings between the big 4 and regional ba…

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BND: Strategy Room 1:02:33

1M ago1:02:33

1:02:33

This was a live stream on Podbean exclusively for the podcast audience. This live stream was to celebrate the 1-year anniversary of The Banker Next Door. This live stream also served to cover the weekly Banking Update for 8-10-2024.By Dr. Joseph Bergquist

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Episode 197: How to handle a superstar employee? 20:30

2M ago20:30

20:30

This episode reviews an article from The Wall Street Journal titled “Are Superstar Employees Worth It?” by Matthew Call. This article looks at the effects of having a superstar employee and how that can be a good and bad thing. What do you have to do to acquire and retain these talented people? Is the price worth it? Can these employees be a long-t…

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Episode 196: Japan Meltdown! 27:47

2M ago27:47

27:47

This episode examines the meltdown in Japan’s stock market, which started on Sunday, August 4th. What is the YEN carry trade? Why did the Bank of Japan raise interest rates? Did the Federal Reserve play a role in this? And what is up with Warren Buffet? A link to related Episode 163 is below. Links to Episode 163: Japan’s Norinchukin Bank dumps U.S…

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Episode 195: Banking Update 8-4-2024 30:36

2M ago30:36

30:36

This episode provides a weekly update on U.S. banking industry news.By Dr. Joseph Bergquist

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BND: Strategy Room 30:50

2M ago30:50

30:50

This is the first BND: Strategy Room live stream episode. I provide information on my career and educational background. I review why I started the podcast, the content that is on the podcast, and what is to come over the next year.By Dr. Joseph Bergquist

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Episode 194: July 2024 jobs report, OH MY! 18:02

2M ago18:02

18:02

This episode examines the July 2024 jobs report and what effects it is having on the overall economy and stock market. What do the numbers project for the rest of the year? Below are links to a related CNBC article, WSJ article, Bureau of Labor Statistics data, and FRED data. Link: Job growth totals 114,000 in July, much less than expected, as unem…

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Episode 193: Book Review: The War on Cash 24:16

2M ago24:16

24:16

This episode is a review of the book The War on Cash by David McRee. This book covers a lot of territory, everything from a cashless society to theft by inflation, civil asset forfeiture, the IRS, shadow banking, and The Patriot Act. It is a very interesting read and makes you think about the purpose of cash in a free society. The point of the book…

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Episode 192: Documentary Review: How to Rob a Bank 26:33

2M ago26:33

26:33

This episode is a review of the Netflix documentary How to Rob a Bank. This documentary focuses on a bank robber nicknamed “Hollywood,” that robbed 19 banks in Seattle during the 1990’s. How did this bank robber evade the police for 4 years? Did he have help? What new technology and procedures ultimately led to his downfall?…

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Episode 191: What does generative AI mean for the future of banking? 25:33

2M ago25:33

25:33

This episode examines the potential benefits of generative AI for the banking industry. We discussed several articles, examined the emerging technology maturity curve, and talked about several books including Dark Aeon, The Singularity is Nearer, and Rewired.By Dr. Joseph Bergquist