Peak Performance Consulting Group introduced a new service, Portfolio Check, to help financial institutions reduce losses and improve operational efficiency.
One of the most significant challenges facing financial institutions in today’s volatile environment is the ability to control losses and manage operating costs. One in five homeowners owes more than their homes are worth. Delinquency for all types of consumer loans is on the increase due to rising unemployment, which is already at a 5 year high. Investors are facing additional losses from the need to reduce loan principal value in exchange for government assistance.
“It is critical that Banks and Credit Unions improve their ability to manage portfolio risk, and control credit losses and the cost of operations,” said David Kerstein, president of Peak Performance Consulting Group. “That’s why we created Portfolio Check. This service combines the knowledge and experience of an industry leading team of credit policy and loan operations experts with a suite of advanced analytical techniques to help lenders monitor portfolio trends, reduce losses and improve operating performance.” Continue reading
PNC buying Nat City, Wells Fargo acquiring Wachovia, J.P. Morgan Chase landing WAMU – winners are emerging, but it is also a unique opportunity for the rest of the industry to profit. Ironically, most banks will fail to capitalize on what may be their best chance to grab profitable market share.
Here are some thoughts — which we recently discussed at the Bank Administration Institute’s (BAI’s)Retail Banking Community. Continue reading
In an earlier posting, I noted that some Japanese banks had good success with “green” deposit accounts. Recent political events may make these accounts more viable in the United States. In the meanwhile, some credit unions are taking an innovative approach to “green” consumer lending. Continue reading