PYMNTS
OCTOBER 3, 2016
Born in Syria, he was brought up in Canada by Armenian parents, and he attempted to buy the French soccer team Olympique de Marseille in 2007 for $148 million from Robert Louis-Dreyfus. Westernbank continued to lend to Inyx, believing that financing would come from Goldman Sachs, Credit Suisse Group AG and Moammar Qaddaffi’s son.
Abrigo
JULY 25, 2017
In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. That 13% represented 80% of the losses to the FDIC insurance fund. How did we get here?
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PYMNTS
AUGUST 6, 2019
.” Select Plus Platform joins other recent LendingClub innovations like Levered Certificates and CLUB Certificates to offer access to the increasingly mainstream asset class of consumer lending. LendingClub has facilitated billions of loans made by WebBank , member FDIC, since its rollout in 2007.
Jeff For Banks
MAY 20, 2017
Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. 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.
PYMNTS
OCTOBER 1, 2019
Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. The rising tide, it seemed, was lifting all boats. topped the number of ones that closed.
Jeff For Banks
JUNE 2, 2023
More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. The old borrow short, lend long strategy. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate?
Jeff For Banks
JUNE 4, 2018
"The FDIC recently has observed instances of liquidity stress at a small number of insured banks." So opened the Summer 2017 FDIC Supervisory Insights issue. So, according to the FDIC rate cap "guidance", you could not exceed 84 basis points on your money market accounts at December 31, 2017 if you were under regulatory scrutiny.
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