by Estela Guevara Santiago | Nov 10, 2022 | Banks, News
By: Ken Chase JPMorgan Chase has revealed that it is piloting a new platform designed to help landlords and property managers invoice and receive rental payments. Commercial banking division chief innovation officer Sam Yen confirmed that the bank’s new Story software...
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...
