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RANDOM NOTES The "scramble" to provide corporate clients distributed capture solutions will result in early adopting institutions' "consolidation of billions and billions of dollars in assets," predicted Dave Youngerman, president of Panini North America, in conversation at BAI's office in mid-September. Mergers and acquisitions are an obvious way that assets transfer in the banking industry, but Youngerman says a "massive" off-the-balance sheet shift is underway as large corporate customers are demonstrating a willingness to move their business and consolidate accounts to take advantage of the efficiencies offered by corporate capture . US Bank expects the economy to grown about 3.8% in 2006 or roughly 1/2 percentage point stronger than in its pre-Katrina baseline as a result of Katrina-related rebuilding. " .the bottom line appears to be that the economic effects, while devastating in the affected regions, and significant enough to slow U.S. GDP growth in the third quarter, will quickly turn positive for the national economy as recovery and rebuilding efforts ramp up," says US Bank. .U.S. financial services firms operating overseas need to look and feel more "local," says the Allyson Stewart-Allen/GMI annual Brand Barometer survey, which notes that top "megabrands" like Citigroup and American Express poll poorly with global consumers. The third-quarter 2005 report on the "turbulence" of 20 financial brands can be downloaded off the www.brandbarometer.com site. . One-third of lenders nationwide expect sales for the Big Three automakers and their North American suppliers to be weak over the next six months, and nine out of 10 would feel concern about making a loan to a supplier of GM, Daimler-Chrysler or Ford, says Phoenix Management's "Lending Climate in America" survey (www.phoenixmanagement.com). |
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