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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

To you, manage your interest rate risk. The dot-com bubble recession began in March 2001 and lasted only 8 months. percent of all jobs in 2001 to 11.3 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. High-tech employment fell from 12.1 What caused it?

FDIC 78
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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Funding Xchange secured $10.3 Bancorp in 2001 in a $2.1 Also in the U.K., million in funding led by ION Crossover Partners.

Strategy 109
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Key components of credit risk rating systems

Abrigo

In 2001, the OCC published the Comptroller’s Handbook on Rating Credit Risk , which highlighted the expectations of credit risk rating systems: 1. The system should be integrated into the bank’s overall portfolio risk management. The board of directors should approve the credit risk rating system.

System 150
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A Decline in Personal Savings

TrustBank

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. This forced banks to renew their focus on middle market commercial banking and consumers. Recall the NINJA loans (No Income, No Job, Apply).

US 52
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Consumer Lending: Should Banks Do It?

Jeff For Banks

Ever since we formed our company in 2001, this has been the case. Mortgage bankers and brokers own a significant share of market (although less than prior to the 2007-08 financial crisis). And Quicken Loans is in the top 5 HMDA market share in nearly every market we analyze. We lost auto loans to the indirect market.

Lending 60
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Keeping Wellness Customers Coming Back For More

PYMNTS

As a result, any solution that looks to serve this market must help entice and keep their customers with tools such as loyalty and reward solutions. With the markets we operate in seeing 50 percent annual churn, retention and acquisition are big concerns, and those are both great ways to solve those problems.”.

Tools 100
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The Top 20 Venture Capitalists

CB Insights

After 4 years with the company, Brian joined Google as a Software Engineer and inevitably rose to become an Engineering Manager. Jeff began his post-graduate career as a Management Consultant with The Boston Consulting Group. Shortly after, he joined eBay as Senior Vice President and General Manager. JEFF JORDAN.