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US Banks Expected To Lose 200K Jobs To Technology

PYMNTS

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Cloud computing, on the other hand, could bring in significant savings, while Big Data would enable “more surgical marketing.”. In separate news, U.S.

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Report: US Banks Will Cut Jobs As Robots, Tech Bring About Change

PYMNTS

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Cloud computing, on the other hand, could bring in significant savings, while Big Data would enable “more surgical marketing.”. In separate news, U.S.

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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

bank failures per year between 1996 and 2006, and 3.6 Finally, resolution of failing financial institutions requires that the deposit insurance fund be strongly capitalized with real reserves, not just federal guarantee.” Between 1941 and 1979, an average of 5.3 banks failed a year. There was an average of 4.3 between 2015 and 2022.

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What's With Regulator Agita Over Bank Commercial Real Estate Lending?

Jeff For Banks

To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. They need a marketing person to title their reports. What is the trend in your market? Let your markets and customers do the talking. What do your customers demand?

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Five Challenges to Your Bank of the Future and Ideas to Overcome Them

Jeff For Banks

In 2006, when the median asset size within my firm's profitability outsourcing service was $696 million, the operating cost per business checking account was $586 per year. So they worry about other things that go beyond the fact that their branch in that market has little chance of being profitable. Make it near-automatic.

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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse. “We The Response. lending marketplace.

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Community Banking According to Andy

Jeff For Banks

2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. However, it had a great group of employees and was in a market that I knew very well. This was the start of one fun journey that continues today.