JM Park & Company, LLC

Banks and their regulators have always needed to collaborate. It's essential to have a constructive relationship and dialogue between banks and their regulators. But that is not generally what is missing from the relationship. It's clear from the three major banking crises in the U.S. in the past 50 years, that we have not achieved a balanced, effective system for U.S. bank regulation from 1975 forward. While irresponsible fiscal and monetary policies were at the heart of those crises, they were made far worse by the failure of bank regulators to use their authority effectively to rein in excessive speculation by financial institutions. We have responded to each crisis by piling on more burdensome regulations without addressing the actual causes of the crises or the ineffective regulatory system that allowed them to happen. We keep forgetting that proper bank supervision should always be counter-cyclical. The time to tighten supervision, slow growth, and require more capital and reserves is when bank lending is booming. The time to ease off on regulatory burdens is when banks don't want to lend. William M. Isaac, Chairman, Secura/Isaac Group Former Chairman, FDIC

This is an unbelievably horrible situation. It is all over the news in Texas and directly effects our overall crane family. Likely you read this and there is nothing you know or have heard about, but any help, thoughts, prayers are appreciated. Anyone in my extended network please repost. We pass on stupid jokes all the time and never know where someone in our extended network may have run across info on Randy's son.

Excellent analysis by Charles Wendel who I have known for two decades. Unfortunately, this story continues to repeat itself every few years or so.

Are you a model validation analyst who has given up on your career? Do you enjoy working in a dead-end job? Do you prefer not to be challenged and have the focus of your work limited to a narrow segment of credit, market, or operational risk? Do you lack the ambition to move into a senior role and mentor up-and-coming talent? If the answer is no to any of the above, feel free to reach out to me directly via Linked In or at [email protected]. #riskmanagement #models #modelrisk #modelriskmanagement #operationalrisk #enterpriseriskmanagement

Congratulations to Charles Hageboeck and City National Bank for a year of record earnings in 2024! Awesome highlights: Return on Average Assets - 1.87% Return on Average Tangible Equity - 23.8% Net Interest Margin - 4.01% Efficiency Ratio - 14.47%