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- +2011 (30)
Reaching the “Unbanked”
In its never ending quest to develop new revenue streams, Wal-Mart is reaching out to millions of customers who have turned their backs on – or who have been squeezed out by – traditional banking. Industry trades are taking note: American Banker recently named former Wal-Mart executive Jane Thompson as its Innovator of the Year for 2011.
The Municipal Bank – coming to a city near you?
What do Jakarta, Berlin and the State of North Dakota have in common? They each operate a bank that is devoted exclusively to supporting their municipalities and providing loans to local borrowers. Now San Francisco is exploring the idea.
Recently, protesters gathered in front of the Federal Reserve Bank of California in San Francisco and cheered when a city supervisor called for the formation of a municipal bank. It was quite a change from demonstrations of yesteryear to see a gray-haired elected official in a suit and tie elicit wild enthusiasm about a bank from sign-carrying demonstrators. The Occupy movement aside, could the establishment of a municipal bank in San Francisco come to fruition?
Delivering Value for Both Clients and Investors
Leading banks are in a very public decision-making process right now about debit card fees. Last month one of nation’s largest said, “Yes, definitely.” But after a public outcry and flurry of customers closing accounts that bank’s revised position on November 1 became, “well, not really, but maybe, sometimes, then finally ‘No’.”
Others have chosen to use this moment in the public eye to stake their claim firmly in “no debit card fee” territory. As the debate rolls on customers are watching carefully to see whether they will be asked to pay for the convenience of using a debit card.
M Squared Consulting Introduces Scott Bone
M Squared is pleased to welcome Scott Bone as VP of Business Development in our Financial Services and Healthcare Group. Based in our San Francisco office, Scott is responsible for managing key accounts and generating new business opportunities.
Scott joins M Squared from Partner Professional Staffing in Cincinnati, Ohio, where he worked as Director of Partner Healthcare and was instrumental in creating, building and managing their Healthcare Practice. Prior to that, he worked for The Allegis Group/Stephen James Associates for several years in a variety of executive positions. While with The Allegis Group, Scott was selected to manage a major new growth vehicle and was also chosen for their Advanced Leadership Pipeline.




