PYMNTS

DECEMBER 9, 2019

The guarantee was a provision of the Royal Bank of Scotland ’s (RBS) £775 million, as “punishment” for its 2008 £46 billion state bailout. The challenger bank offers digital, branchless banking via an app, and features savings and money management tools. billion USD) in loans.

Tools 132

Tools Lending Resources Digital Banking 132

PYMNTS

APRIL 21, 2020

Post-financial crisis, an influx of alternative lending players emerged to accelerate business finance digitization and expand choices for borrowers. According to Bjonerud, the sheer volume of choice between traditional and alternative providers can be overwhelming, and can make managing loans a challenge for mid-market borrowers.

Marketing 140

Marketing Capital Lending Management 140

PYMNTS

DECEMBER 20, 2017

The research from the challenger bank also raised concerns over branch closures and a lack of local managers to facilitate these relationships with SMB banking customers. Despite many initiatives since 2008, a quarter of executives at SMEs still think nothing has changed in banking.

Survey 116

Survey Lending Groups Innovation 116

PYMNTS

OCTOBER 1, 2019

When the economy crashed in 2008, and fully bottomed out in June 2009 credit across the board froze. While other forms of credit were showing signs of returned in 2014, SMB lending still trailed its 2007 peak by 17 percent. The good news is that the bad news wasn’t worse news — the economy recovered, albeit unevenly and slowly.

Data 135

Data Lending Capital Regulation 135

PYMNTS

APRIL 21, 2016

The alternative finance industry boomed post-2008 financial crisis as banks retreated from small business lending. Marketplace lenders emerged to fill the gap, and analysts began to ponder a paradigm shift: Could alternative lending threaten traditional financial institutions’ place in the world? Alt-Lenders On The Defense.

Lending 100

Lending Industry Regulation Groups 100

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. To you, manage your interest rate risk. Economists cite as the main culprit the collapse of the subprime mortgage market — defaults on high-risk housing loans — which led to a credit crunch in the global banking system and a precipitous drop in bank lending.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

NOVEMBER 23, 2017

The end result is that companies outside China will be able to, eventually, control Chinese securities and asset management firms, insurance companies (through joint venture majority stakes) and banks. Now, total exposure to China, through lending, stands at $1.89 trillion at 2014’s end. However, look at the scale of U.S.

Marketing 128

Marketing Lending Security Regulation 128

Abrigo

OCTOBER 17, 2019

Indeed, a 2008 analysis of multiple studies found that 88 percent of spreadsheet documents audited in those contained errors. Even Dalgleish says Spreadsheet Day is a day to celebrate “the joys and challenges of working with spreadsheets.” Credit Risk. Portfolio Risk & CECL. Learn More.

San Antonio 150

San Antonio Analysis Study Compliance 150

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. There is a silver lining, however, if financial institutions are willing to recognize it.

Compliance 116

Compliance Data Regulation Analytics 116

PopularBank

MARCH 25, 2021

After the 2008 Financial Crisis, interbank lending and borrowing began to decline as banks looked for other means to obtain financing. For dollar-denominated loans, the Security Overnight Financing Rate (SOFR) is likely to serve as the new replacement index for USD LIBOR rates. Why is LIBOR being phased out?

Lending 59

Lending Groups Regulation US 59

PYMNTS

JULY 2, 2019

The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap in the market for alternative lenders and FinTech firms to fill. The bank-FinTech collaboration trend has hit the small business customer segment particularly strong.

Fintech 125

Fintech Resources Capital Trends 125

BankUnderground

MARCH 6, 2024

Paul and Zhou (2018) define refinancing risk as the potential inability of a borrower to secure new financing to replace existing debt coming due. The share of bond finance to overall UK corporate debt has increased to 33% today, compared to the 22% share at end-2008. What is refinancing risk?

Policies 71

Policies Lending Data Marketing 71

Jeff For Banks

SEPTEMBER 13, 2015

He retired in 2008 from BofA, but they thought so much of him they brought him back to assist with the Merrill Lynch integration. Prior to BofI, he was an investment banker, management consultant, and attorney to the banking industry. Security Bank in Midland, Texas lends to business, period. Imagine that.

Community Bank 60

Community Bank Lending Community Security 60

Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

BankBazaar

APRIL 19, 2023

The SVB collapse marked the largest bank failure in 2008 financial. This can in turn cause a chain reaction of bank failures as other banks are forced to pay out depositors who have moved their funds to more secure institutions, leading to a broader financial crisis. Why did US banks collapse? What is the meaning of insured deposits?

US 78

US United States FDIC Regulation 78

Independent Banker

FEBRUARY 24, 2016

Greg Steverson (left) successfully manages a $100 million institutional investment portfolio for Ledyard National Bank in Norwich, Vt. Mikella Newsom (middle) successfully manages a $325 million institutional investment portfolio for City Bank in Lubbock, Texas. Investment principles of top bank portfolio managers.

Community Bank 70

Community Bank Community Texas Management 70

PYMNTS

OCTOBER 22, 2020

Installment payment options are not new to PayPal, which launched its first foray into the field with its Bill Me Later service in 2008. Together with the power of our retail platform, the latest banking technology from 10X and the support of Westpac, we will begin by offering cash flow management in a simple way,” said CEO Anthony Eisen.

Trends 193

Trends Payments Retail Meeting 193

Jeff For Banks

OCTOBER 15, 2021

You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. Then, boom, the 2008 financial crisis. Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue.

Taxes 78

Taxes FDIC Guidelines Policies 78

BankUnderground

JUNE 25, 2020

They maintain data centres in these hubs in order to store and process it in a consistent and secure way, and have it analysed by specialist teams. For example, cost savings from locating data management functions in jurisdictions with comparative advantages in them may be passed on to consumers in the form of lower cost financial services.

Data 105

Data Big Data Regulation Risk Management 105

South State Correspondent

APRIL 10, 2023

In secondary and tertiary markets, it is only smaller financial institutions lending. CRE Risk Circa 2008 If all this feels too familiar, these are the same conditions that were present in late 2007 when the Fed raised overnight rates from 1.00% to 5.25%, and many financial institutions had a negative market-to-market on their assets.

Community Bank 195

Community Bank Community Los Angeles Regional 195

BankUnderground

JULY 20, 2021

In aggregate, UK corporate leverage appeared manageable at the start of 2020. The authors show that through this channel, borrowing secured on assets can amplify the initial effects of temporary negative shocks. UK corporate leverage before the pandemic. Some open questions remain however.

Policies 101

Policies US Marketing Capital 101

Jeff For Banks

DECEMBER 18, 2014

through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 14 locations. BNC suffered significant credit woes during 2008-09 which led to material losses in ''09-10, and the decline in their tangible book value to $5.09/share (OTCQX: BNCC) BNCCORP, Inc.,

North Dakota 91

North Dakota Arizona Minnesota Los Angeles 91

TrustBank

DECEMBER 8, 2022

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards.

US 52

US Policies Taxes Washington 52

Lex Sokolin

DECEMBER 25, 2019

Ethereum’s decentralized lending and trading are floating around 2,500 daily users. The lending product above is a bit more complicated. Other things like Compound are essentially a securities lending marketplace?—?you a wealth management service from Set Protocol.

blockchain 52

blockchain Bitcoin Software Lending 52

Abrigo

MARCH 13, 2023

Stress testing & deposit strategies in the spotlight The failure of Silicon Valley Bank offers other financial institutions the chance to reassess their approaches to and management of interest rate risk, liquidity risk, and credit risk. Lending to startup companies with a plan to go public is not itself a problem.

Strategy 195

Strategy Lending Security Analysis 195

Jeff For Banks

DECEMBER 19, 2015

Between 2008-11, the bank lost over $200 million, and its equity base was cut in half. But management went to work. through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations. You might be able to see where this story is going.

North Dakota 60

North Dakota Arizona Michigan Florida 60

Fintech Labs Insights

NOVEMBER 10, 2023

The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 2,500 $992 16 Betterment 498 2008 NYC 1,930,000 $435 17 Wealthfront 453 2011 SF 1,964,000 $274 18 Petal 404 2016 NYC 340,000 $992 19 Braid 390 2019 SF 12,000 $0 20 M1 Finance 371 2015 Chicago 1,230,000 2.2

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

Fintech Labs Insights

APRIL 19, 2017

Today, the company launched a securities-based lending option– a line of credit that allows its users borrow against their own savings accounts. In addition to managing these account types, the company offers Selling Plan , a program to help employees diversify their concentrated holdings of company stock.

California 18

California Lending Strategy Management 18

South State Correspondent

AUGUST 15, 2023

The fear of recession has decreased in 3Q, and the new primary concern shifts back to interest rate risk and deposit cost management. Regarding loan growth, lending continues to be at the slowest pace since 2008. Banks continue to be reluctant to lend, a situation we don’t see changing for the rest of the year.

Trends 195

Trends Community Bank Community Lending 195

CB Insights

DECEMBER 4, 2019

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Although Bill Me Later was quickly scooped up by PayPal in 2008, Amazon has remained focused on reducing payment friction for customers. Amazon Lending. Table of Contents: Amazon’s product strategy.

Cards 101

Cards Lending Strategy US 101

Fintech Labs Insights

DECEMBER 7, 2020

The popular Finovate demo company founded in 2008 by David Barrett, announced that it had achieved the $100M ARR (annual run rate) milestone, with a 25% EBITDA. Metromile , the pay-as-you-drive auto insurance company based in Portland, Oregon, announced that it will merge with a public SPAC in a transaction valued at $1.3B. TechCrunch.

United States 15

United States Fintech Portland Oregon 15

William Mills

MAY 11, 2016

This approach makes a lot of sense– but not sure if it would meet the governance and compliance considerations of most banks and investment management firms. ^SR Under the scenario the consumer can transfer much-needed cash as well get cash (that was earned, not paid yet) so no payday or online lending debt is added.

Video 40

Video Lending social media Analytics 40

Jeff For Banks

JANUARY 27, 2011

Most recently Valley National Bancorp''s highly respected CEO, Gerald Lipkin stated: "The positive [fourth quarter] results are attributable to management''s common sense and highly focused approach to traditional banking — gathering deposits and making relatively low-risk loans." ?I They mostly meant sub-prime residential mortgage lending.

Community Bank 71

Community Bank Community Apple National 71

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Stripe Connect and billing services help companies manage marketplaces, subscriptions. Business lending and corporate cards. Stripe Billing optimizes subscription and invoice management.

Online 98

Online Company Retail Payments 98

Lex Sokolin

JANUARY 14, 2021

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. Banks can’t sell you stock (generally), and wealth managers can’t sell you bank accounts (generally). Instead of sovereign power, money is backed by software and the collateral it secures.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. Banks can’t sell you stock (generally), and wealth managers can’t sell you bank accounts (generally). Instead of sovereign power, money is backed by software and the collateral it secures.

America 52

America Wyoming National Capital 52