PYMNTS
JULY 23, 2019
Among the main stories in payments in recent months has been the increasing push to reform federal banking laws so that legal cannabis retailers can move away from their cash-based businesses and move further into the world of the digital payments. On Tuesday (July 23), that push lost some steam, at least temporarily.
BankInovation
APRIL 18, 2023
billion, “driven by seasonal elevation from payroll taxes, FDIC insurance expense and the cost of adding people,” Bank of […] Bank of America saw noninterest expenses increase year over year as employee and technology costs increased during the first quarter of 2023. WHY IT MATTERS: The $3.1
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Jeff For Banks
AUGUST 22, 2014
My firm measures line of business and product profitability for dozens of community financial institutions, and hardly any of them make real money in retail investment sales, if they make any money at all. The most profitable program that we measure, on a pre-tax profit as percent of revenue basis, is one that is totally outsourced.
Jeff For Banks
MARCH 5, 2021
According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points. Similarly, the annual operating cost per account for a retail checking account is $398. Retail banking is heavily regulated. A very high hurdle in an LMI neighborhood.
Jeff For Banks
JUNE 2, 2023
In the late 90s, low interest rates made speculative equity investments more attractive than bonds, and at the same time, innovative internet companies grew in popularity among retail investors, professional traders, venture capitalists, and the like (familiar?). We took a serious reputational hit. credit default swaps anyone?).
MyBankTracker
DECEMBER 7, 2020
Other fees that may apply include: Expedited debit card replacement: $15 Cash deposits at Green Dot retail locations: $4.95 Outgoing wire transfers: $15 FDIC-Insured. What to Do If You Haven’t Been Paying Quarterly Taxes. The post BlueVine Business Checking Account Review: No Fees for Transac first appeared on MyBankTracker.
Gonzobanker
FEBRUARY 7, 2018
Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. The chatter at AOBA centered on three important topics: #1: The Breaks.
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