by Brian Pillmore | Oct 20, 2022 | Brian's Blog
Did you see the latest fine that the SEC dished out? The U.S. Securities and Exchange Commission confirmed this week that it has levied a $35 million penalty against Morgan Stanley Smith Barney related to the firm’s failure to protect its customers’ personal...
by Brian Pillmore | Oct 6, 2022 | Brian's Blog
I took the financials from a trucking company into my credit guy.I was excited until my credit guy told me we couldn’t do the deal.Not now. Not ever. “Why?” I said. He pulled out a piece of scrap paper. 3 lines was all it took. It was simple math. 1....
by Brian Pillmore | Sep 21, 2022 | Brian's Blog
Deposits matter. An experienced chief risk officer told me once, “Deposits are the inventory of banks.” A good friend and business partner in the retail business (cigars and whiskey, fun!) told me, “You can’t sell what you don’t...
by Brian Pillmore | Sep 18, 2022 | Brian's Blog
Last week I made a bold prediction ⅓ less banks in the US in 10 years. On Monday I started the list and here are a few more types of banks will cease to exist: Banks in the wrong place at the wrong time – Most banks are highly dependent on a defined geographic...
by Brian Pillmore | Sep 17, 2022 | Brian's Blog
Last week I made a bold prediction ⅓ less banks in the US in 10 years. So which ones are going away? I believe the following types of banks will cease to exist: Banks that are sub scale – It is hard to make a buck in banking with an institution that is smaller...
