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The Politics Of Online Lending

November 27, 2015 -  These days the Internet is revolutionizing all aspects of our lives including the way we dress, eat, drive and now maybe even the way we vote. Consider curmudgeon Bernie Sanders who is running on the democratic ticket as a "socialist." To raise money, he is using the Internet to capture small donations. The average contribution is a reportedly modest $31 per sympathizer, but more than 400,000 small donors have kept his machine running. The online site gives the senator a way to raise money so he can press on with public events in crucial states. ...

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Popular Back Issues

May 13, 2015  -  Single Serve Loan Hedge Opportunity

Have you ever wondered what percentage of the world's coffee goes down the drain? A lot less now than what used to, according to estimates by the National Coffee Association. This is because there has been a huge uptick in the number of people who own single-serve coffee makers. In fact, about 27% of consumers now own single-serve brewers and it is estimated another 12% will buy one in the near future. Historically speaking, one of the largest consumers of coffee has been the kitchen sink, but now people are making only as much coffee as they...

December 17, 2014  -  How Flat Is Flat

Driving across the US, the monotony of the landscape is striking in certain areas, especially as one crosses the Midwest. In fact, while it is as flat as a pancake in KS, you might be interested to know that the state doesn't even make the list for the top 5 flattest. The flattest state is in fact FL with its highest point only 345 feet above sea level. Next in line are IL, ND, LA, MN DE and then KS. Sometimes what you think you see isn't always reality when you get down to the real facts. ...

November 26, 2014  -  Giving Thanks

Today is the Wednesday before Thanksgiving and we thought we would spend today's issue of the Banc Investment Daily (BID) giving thanks to you, our customers and readers. In addition, we thought we would spend time talking about PCBB and exactly what we do, since we do get asked that sometimes. To begin, the BID is read by some 40K community bankers and regulators all across the country. We do our best each day to write about a broad set of topics that concern smaller financial institutions with only one intention - helping community banks...

August 08, 2014  -  In A Trance And On Hold

Having passed the 5th anniversary of the financial crisis earlier this summer and given that the economy seems to be picking up some momentum in most parts of the country, it is a little surprising that the day-to-day lives of bankers have changed very little from a year or two ago. In spite of the predictions of imminent change of one kind or another, we are mostly still in an environment of low loan demand, low interest rates, low yields on securities and impending higher interest rates (but when?). We are also stuck in a world of...

June 05, 2014  -  Checking In For Extraordinary Service

Over the years there have been numerous claims that the Eagles 1970s hit "Hotel California" is about Satanism., the popular myth-busting website, refutes this contention, explaining that the popular song is really a metaphor for the West Coast music industry and its effects on talented, but na?ve artists caught up in its excesses. Large banks are certainly no strangers to the dangers of overindulgence as seen by the recent crisis, yet we take pride in pointing out that the banking industry overall (and community banks in particular) is stronger than it was in 2008...

January 07, 2014  -  You Decide - Half Empty Glass Or Half Full

Bankers know that just before the holidays, regulatory agencies approved the adoption of Section 619 of the Dodd Frank Act, better known as the Volcker Rule. While most bankers may have some familiarity with what it entails, given the noise in the press we thought we would offer our take on the subject. Post-financial meltdown, regulators have looked at the elements that could have/should have been in place to prevent such an event. There have been calls to bring back The Glass Steagall Banking Act of 1933 or at least the provisions that...

December 23, 2013  -  The Moment We Have All Been Waiting For

After months of breathless commentary, market pundits finally got what they were waiting for, an announcement from the Federal Reserve that they will begin tapering quantitative easing (QE3) asset purchases. We find that the 24/7 news cycle sensationalizes almost every subject so this one is no different. Certainly it is important, but the timing of Fed tapering has been the favored topic of the financial talking heads for about 6 months now. It's at least a little bit fun that 75% of economists predicted that the Fed would make no move in Dec and wait until Jan...

July 02, 2013  -  When The Cicada Sang to Bankers in 1996

Especially if you live in the eastern US, you will no doubt have been waiting with bated breath for the emergence of the descendents of long absent insect friends to arrive. This is the time for the every 17Y occurrence of the singing and breeding season of the cicada. The media has been abuzz with the story and many areas of the country are right now in the middle of their own cicada party. What the cicada's parents told them to expect upon their emergence into the world, they will find to not be terribly useful, however. Here's what Ma and...

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About the Banc Investment Daily

The Banc Investment Daily has been published in various forms for over fifteen years. This daily newsletter reaches an audience of over 25,000 people employed by financial institutions and regulatory bodies and has become a staple in the morning reading routine for bank executives nationwide.

The BID is a compilation of news, facts and opinions focused on issues vital to financial institutions. In addition to the newsletter, BID content is syndicated to financial institutions and trade associations throughout the country and has appeared in major financial publications such as the American Banker. Issues often contain:

  • Important bank-related news
  • Tracking of sales and merger multiples
  • Economic commentary and Federal Reserve actions
  • Recaps of the fixed income and bank loan markets
  • Discussion of regulatory and compliance issues
  • Ideas on performance and risk management

The History of the Banc Investment Daily

Over 15 years ago, we had the idea to create a daily publication designed specifically for community bankers. We add a few hundred new bankers or regulators each week to the distribution list of the Banc Investment Daily (BID) and readership is now over 25 thousand. Given that growth, about every 2 years we stop to take a moment and explain the intent of each area within the BID. We do this to help make sure readers can effectively utilize everything the BID is designed to offer, while avoiding embarrassment at cocktail parties.

First and foremost, the BID is 100% focused on community bank issues, designed to provide thought-provoking information - all presented in an easy-to-read single page format. It has never been longer than one page in length, but every single space within that page is maximized every single day.

The creative process is also unique, as it begins around 4:30am PT and ends promptly (ok, most of the time but we really try) at 6:30am PT each morning. That provides time to create, edit and refine the BID and also ensures it gets out to everyone just in time for that 1st or 2nd cup of morning coffee. Topics come from a variety of sources, including bankers themselves (one of our favorite sources - although once again we go on record saying we have not put listening devices in anyone’s board room); regulators (from conferences, face to face meetings, via phone or email - but always anonymous); industry experts (these can run the gamut from banking attorneys, accounting firms, technology and other companies - as long as they have a specialty in community banking) and from our own research.

The BID basically breaks into two major sections. The first is the left side of the page (which we internally refer to as the "Top Left") and the second is the rest of the publication (which we internally refer to as "everything else").

The Top Left is basically our "idea of the day." The primary goal of it is to keep things fresh by putting a new spin on an old idea, getting bankers thinking, alerting you to upcoming regulatory issues, spreading the word or educating. Creating this section takes 2 hours every morning and tying it back to a random (and seemingly unrelated) picture is a critical part of the process (we believe that as with someone in solitary confinement, you have to focus on small things and build around them so you don’t go crazy). Sometimes we start with a nascent idea (oh yea, we also try to sprinkle in at least one big word to keep everyone's vocabulary sharp) and find a random picture that seems to work, while other times we challenge ourselves by creating an idea after the picture has been selected.

Believe it or not, the rest of the publication takes just as long as the Top Left. To make sure bankers stay on top of things, we focus on key economic data for the day, update everyone on what moved yields up or down yesterday, how things are shaping up today and find pertinent stories bankers need to know about. To do this piece alone, we scour hundreds of sources, weed out only the best few and make sure you know about them.

We often get questions about the rate box at the bottom as well. It contains the monthly change in Treasury yields (so you can keep track of your mark to market and better manage your loan/deposit pricing for various maturities); Libor is included since it is the de-facto funding level for large banks worldwide; the Swap rate is provided as a snapshot to assist in pricing loans; and Fed Funds futures are captured so you know when the market thinks the FOMC will raise or lower rates next. At the bottom running across, we also give daily updates on money market mutual funds and portfolio deposits (to keep you aware of overnight pricing levels); the Prime rate (everyone forgets now and again); overnight Libor (so you know where overnight funding around the world is in relation to Fed Funds) and the TED Spread (bigger numbers show less liquidity and so you can track how liquidity changes by monitoring 3M "risk free" Treasury movement vs. 3M "bank funding costs" Libor).

In closing, we are proud to say we have not missed a single business day of the past 4,000+ creating and distributing the BID and we thank you for your readership.

The Banc Investment Daily is a targeted newsletter specifically created for independent financial institutions.
Please call toll free 888-399-1930, or visit, for a subscription.
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