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- Banking used to be a scary world full of regulations that few wanted to enter.
Now fintechs are buying chartered banks to cut costs…. What happened? When a fintech builds their app, the only thing they need to be focused on is building an…
- New Fed Reports Point to Continuing Financial Risks for U.S. Economy
The Federal Reserve released two separate reports this week that point to continuing financial risks for U.S. economic growth throughout 2023. The reports…
- Open banking might be the death of many banks,
But there is 1 major exception…. Banks that serve the middle market commercial customers. These banks that serve these customers in the middle market are…
- In-Depth analysis of First Republic Bank
An in-depth analysis of how First Republic Bank found itself in a position to lose $176B in assets in just 1 Quarter. PDF available for download in the…
- Open banking has opened the floodgates to innovation.
The possibilities are quite literally endless… An API for solopreneur plumbers that underwrites loans based on an algorithm analyzing their deposits and…
- FDIC Proposes Expanded Deposit Insurance for Businesses
The Federal Deposit Insurance Corporation FDIC recently released an overview of the nation’s deposit insurance system. That report, Options for Deposit…
- Open banking will be the death of hundreds of banks.
Don’t be so stubborn you become one of them… Core banking alone is rarely enough to support a bank anymore, And plenty have already failed because of it. You…
- Open banking is innovating finance at an incredible rate.
But you better understand the risks of using it… Based on the name “open banking” you might think this would expose you to more hackers, but that’s not the…
- Failed Bank First Republic Sold to JPMorgan Chase
After a weekend of frantic negotiations, U.S. regulators seized First Republic Bank on Monday. The Federal Deposit Insurance Corporation FDIC has brokered a…
- Regulators Confirm Monitoring of AI Use in Financial Sector
U.S. regulatory agencies this week confirmed that they are engaged in active monitoring of artificial intelligence in the financial industry. According to a…
- First Republic’s Future: Bank Rescue or FDIC receivership?
According to multiple media outlets, unnamed sources have reported that officials in the U.S. are working with financial firms to create a bank rescue solution…
- Report: Regulatory Staff Shortages Played Role in Bank Failures
The Federal Deposit Insurance Corporation FDIC and Federal Reserve issued reports on Friday that attempted to identify the reasons why two of the nation’s…
- I just hired a specific software expert at low cost within 12 hours of beginning my search.
Here’s how. Step 1: Define what’s needed. An expert in a PR software that is brand new to me. Someone who can run it independently. Step 2: Define the search.…
- Banks have a funny way of expecting more from their borrowers than they should….
It’s part of what sunk SVB. When you take a large loan from the bank, They expect you to do more business with them. For some banks it’s: We gave you a $1M…
- First Republic Shares Plunge After Earnings Report
First Republic Bank shares plummeted to record lows on Tuesday, on the heels of the company’s recently released earnings report. That report confirmed that the…
- I did an entire month of work without getting paid.
It was the best thing that could have happened to me. It was January 2020 and I had just left the bank I was working for at the time. I took a couple weeks off…
- Moody’s Downgrades 11 Regional Banks
In a news report released on April 21, Moody’s Investors Service downgraded the ratings of 11 regional banks. The company noted in its most recent assessment…
- I got over 50 Colombian data scientists to come drink beer at a bar with me.
I hired 2 of them. Visbanking was fairly new - just me and 1 other guy. I decided to work from Colombia for a month with my family there as a working vacation.…
- The Financial Industry’s Emerging Embrace of Open Source Banking
Despite their history of resistance to adopting open source software, banks are now increasingly embracing open source technology as they seek to counter the…
- Most bankers are so bad at problem-solving it’s funny.
I learned that within DAYS of entering the banking world. It was late 2006 and I had joined GE’s ‘Pilot Project’ to try out for their Corporate Audit Staff.…
- IMF Economist Urges Continued Focus on Inflation
International Monetary Fund IMF Chief Economist Pierre-Olivier Gourinchas recently told CNBC…
- Latest Inflation Report Shows Price Pressures Continue to Plague Americans
The latest inflation report from the Labor Department estimated that the rate of consumer price increases slowed in March. The data released on Wednesday…
- VCs might give you money before you’re profitable
But banks don’t play that game. If they are even going to THINK about giving you a loan, it’s because: \- You ARE profitable \- You HAVE BEEN consistently…
- When my team makes mistakes,It’s my fault.
No need to blame anyone else - Ever. My personal philosophy in life is that I take responsibility for everything. It’s not always fun… But it’s part of being a…
- If the UBS acquisition of Credit Suisse finalizes,
UBS will be SIGNIFICANTLY bigger than the GDP of Switzerland. Roughly $5T in assets to Switzerland’s $0.8T GDP. So what happens if Switzerland decides they…
- Visbanking Announces Release of "fdicdata" Open Source Package
Oklahoma City, OK - Visbanking, a leading provider of bank information services, today announced the release of their open source package "fdicdata" for the R…
- Labor Market Remains Strong, Though Job Growth Slowed in March
The U.S. labor market continued to show its resilience in March, as employers added an estimated 236,000 jobs to the economy. That job growth was enough to…
- Dimon: ‘Current Crisis Is Not Over Yet’
In his annual letter to JPMorgan Chase shareholders, longtime CEO Jamie Dimon argued that the current financial crisis in the banking sector is “not over yet.”…
- Biden Proposes Tougher Banking Regulations
President Joe Biden is now urging federal banking regulators to impose tougher regulatory requirements for the nation’s banks, suggesting that increased…
- Swiss AG Launches Investigation into Credit Suisse Acquisition
Switzerland’s office of the attorney general has announced that it is opening an investigation to determine if any criminal laws were violated during the…