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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

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As Losses And Costs Rise, Alphabet Promotes Waymo’s Promise

PYMNTS

The Other Bets unit also reported an operating loss of $732 million, a 16 percent increase from the second quarter of 2017. Though most testing takes place in California, those operations also are conducted in Arizona, Texas, Georgia, Michigan and Washington State. Stock Compensation Growth. Investor Impatience?

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Collaboration: The New Competitive Weapon

Gonzobanker

There is strength in numbers, and there’s absolutely no reason for community bankers to try to compete against players a hundred times bigger on their own. For the most part, these channels are flooding executives with high-level “what” observations and doing nothing to help them make strategic “how” decisions or adopt new operating tactics.

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Chase Initiative Sparks Debate Over ‘Bank Deserts’ And SMBs

PYMNTS

Entrepreneurs value the in-person advisory relationships they get when they visit bank representatives in person, some industry experts say, and more branch locations will bolster their local communities’ small business landscape. A report from JLL published earlier this year found the number of branches in the U.S.

Phoenix 100
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Leveling Up: Deals To eSports Startups On Track For 4th Annual High

CB Insights

The startup operates an online gaming platform across Greater Southeast Asia (GSEA) that focuses on game curation, localization, user community building, and eSports activities. Sea also operates a separate e-commerce platform, as well as a digital financial services platform.

Trends 40
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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. It was always clear how much Jones loves his credit union, his team and his community. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank.

Idaho 148
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The 2022 GonzoBanker Awards

Gonzobanker

2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. In 2021, there were more than 120 fintech IPOs in the U.S.,

Community 216