Jeff For Banks
JUNE 2, 2023
The old borrow short, lend long strategy. When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. Remember K Bank in Maryland? The Y2K scare also had companies pouring money into tech firms.
PYMNTS
JANUARY 30, 2018
Maryland Representative Elijah Cummings and California’s Representative Jimmy Gomez, in an open letter to BoA CEO Brian Moynihan, said that many low-income American families rely on the account. They also questioned the move in light of the lift BoA received from last month’s federal legislation, which slashed taxes for corporations.
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Independent Banker
APRIL 30, 2022
3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. Less than $300 million.
Fintech Labs Insights
NOVEMBER 12, 2015
Lending marketplace targeting Hispanic-owned small businesses. HQ: National, Maryland. Tags: SMB, savings accounts, tax, Lincoln Savings Bank (partner). Source: Crunchbase. Bread Finance. Unsecured consumer financing of purchases. Latest round: $14.3 million Series A. Total raised: $14.3 HQ: New York City. Mobile bank.
Fintech Labs Insights
AUGUST 14, 2015
It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 VAT tax refund solution . HQ: Damascus, Maryland. HQ: London, England, UK. million Debt, $12.5
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