The current interest rate environment creates challenges for virtually all U.S. banks but some institutions, like Signature Bank in Rosemont, Ill., are still producing outsized returns. In the episode, Signature President and CEO Mick O'Rourke discusses how his bank has outperformed most banks, built prized noninterest-bearing deposits through superior service and technology and what changes he sees in the operating environment. ________ For more discussion on banks' efforts to modernize and use technology to compete effectively, join us in Charlotte, NC on Dec. 3 for an event focused on digital banking and innovation. https://www.spglobal.com/marketintelligence/en/events/in-person/sp-global-digital-banking-innovation-symposium?utm_source=banner

Financial institutions will move away from Libor, a reference rate that tracks nearly $400 trillion in financial contracts, in just a few years and Goldman Sachs still sees the group adopting the Secured Overnight Financing Rate, or SOFR, despite the recent volatility in the relatively new benchmark. In the episode, Goldman's head of Libor transition, Jason Granet, discusses how prepared the banking industry is for the transition away from Libor, what Goldman is doing today ahead of the move and how the recent volatility in SOFR doesn't change its status as the true replacement for Libor in the U.S., even over alternative benchmark rates that gained some prominence.