Bussman Advisory

OCTOBER 7, 2023

Since its establishment in 2010 as a challenger to major UK banks, Metro Bank’s shares have dropped nearly 66% since mid-September. This decline was exacerbated when UK regulators denied its request to modify capital requirements calculations for its residential mortgages.

Metro 52

Metro blockchain Cards Samsung 52

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78

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. In 2010, LendingClub added to its war chest with a $24.5 On Friday (Sept.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

DECEMBER 10, 2018

Capital One made the headlines then – a genius move, many called it at that time, for an issuer that lacked demand in deposit accounts and had no other way to provide a debit-like offering that would make their brand sticky to consumers. Just like 2010, with the launch of ISIS, aka Softcard , and its merchant-friendly mobile payments scheme.

Branding 184

Branding Cards Payments New Jersey 184

Independent Banker

FEBRUARY 24, 2016

The quickness with which these Wall Street-driven nonbank lenders—variously called peer-to-peer, online marketplace or financial technology (FinTech) lenders—can fulfill borrowers’ requests has enabled alternative lending to double every year since 2010. FDIC-insured deposits largely solve this problem for banks.

Community Bank 70

Community Bank Community Lending FDIC 70

Jeff For Banks

JUNE 24, 2010

As I understand it, government officials (excluding regulators) want banks to lend, banks have the cash to lend, bankers are hesitant to lend, and regulators would just as soon have you hire another compliance officer and purchase a U.S. Much of the standoff revolves around real estate secured lending. Are these more reliable?

Lending 66

Lending FDIC Regulation Regional 66

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.

Industry 108

Industry Fintech FDIC Community Bank 108

Tech and Finance

JUNE 8, 2017

Engle has more than 30 years of experience at AT&T, Lehman Brothers, Barclays Capital, DTCC and Bank of America. She chairs the European Banking Federation Payments Regulatory Expert Group, the European Payments Council Payment Security Group and the Global Public Policy and Regulatory Affairs Committee of BAFT.

Virginia 46

Virginia Fintech Marketing Strategies America 46

Independent Banker

AUGUST 25, 2016

Advocacy Advocate—ICBA’s Joshua Harbursky works to assist community bankers with their industry policy engagement with lawmakers and regulators. When Congress or the regulators are considering a policy initiative that affects community banks, everyone in the industry should be engaged, because everyone is affected.

Washington 72

Washington Community Bank Policies Community 72

Javelin Strategy & Research

MAY 7, 2015

The roster of companies at the first Finovate show I attended in 2010 featured disruptors, partnership opportunities, and acquisition targets such as Bill.com , Expensify , Kabbage , Mint , and Pageonce (which rebranded as Check , and then was acquired by Intuit and renamed Mint Bills ).

Trends 40

Trends San Jose User Experience System 40

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security.

Online 98

Online Company Retail Payments 98

PYMNTS

OCTOBER 21, 2019

In 2016, it got to the point where it seemed every merchant or tech firm that could affix the world “pay” to its name did so, and launched a mobile payment service to go with it: Apple Pay, Google Pay, Kohl’s Pay, Chase Pay, Capital One Pay, Walmart Pay, Target Pay, CVS Pay, Garmin Pay. The list goes on. Don’t take our word for it.

Innovation 131

Innovation Payments Apple Mobile 131

Jeff For Banks

OCTOBER 19, 2012

First of all, if they continue to buy securities, they are removing many of the high quality securities from the marketplace, possibly causing a disruption or shortage in the markets. trillion of securities amassed during QE1 and QE2. I know I risk sounding like Charles Plosser, but so be it.

National 79

National Security US Massachusetts 79

Jeff For Banks

SEPTEMBER 13, 2011

The CEO describes their success in the 2010 annual report as follows: "Throughout our 95-year history, ESB has continually and successfully responded to change. She didn''t say anything about economies of scale, regulators, or leading edge technology. Please do not claim to invest in any security based on what you read here.

Arkansas 66

Arkansas Charlotte Pennsylvania Management 66

Abrigo

APRIL 7, 2022

Perhaps the most significant practical impact of SCALE is that by introducing it, regulators have clarified that financial institutions have the space to bring in external information like peer information for their computational estimates. Stress Testing: Managing Capital Levels and Credit Risk. Keep me informed. Whitepaper.

Policies 195

Policies Data Examples Lending 195

Jeff For Banks

DECEMBER 12, 2017

Total return includes two components: capital appreciation and dividends. The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. Their non-performing loans (NPL)/total loans ratio peaked at 12.54% in 2010, and between 2009-12, the Bank charged off over 11% of its loan portfolio. How did they lose it?

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

CB Insights

MARCH 6, 2019

A lawsuit filed by the Securities and Exchange Commission followed, with Holmes agreeing in a settlement to return millions of shares, pay a $500,000 fine, and refrain from being an officer or director of a public company for 10 years. Select investors : Amazon, Hummer Winblad Venture Partners, Bowman Capital Management LLC.

Report 78

Report San Francisco Capital New York 78

PYMNTS

JANUARY 31, 2019

DLA Piper , which advised MOXY on its FDIC application, said in a statement this week that the bank is still awaiting clearance from Washington’s Department of Insurance, Securities and Banking. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch.

Community Bank 122

Community Bank Community FDIC Marketing 122

CB Insights

FEBRUARY 28, 2019

Brown, instead of managers getting stock options or guaranteed bonuses, every manager got paid $7,800 a year (the equivalent of about $14,500 today), plus “a designated percentage of the profits of the company after these are reduced by a charge for capital employed.”. John Chambers, the CEO of Cisco, at Davos in 2010. to buy half of.

Omaha 78

Omaha Company Capital Management 78

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Crescent Ridge Capital Partners’ elaborate Ponzi scheme. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Table of contents.

Fraud 78

Fraud Las Vegas Company Video 78

CB Insights

JUNE 6, 2019

As the company’s war chest dwindled toward the end of 2018, it could not secure extra capital to continue financing operation — largely because investors had tired on the structural and competitive problems outlined above. Magazine, and the company picked up $40M in VC capital from Index Ventures.

Apple 78

Apple Branding Google Company 78

Tomorrow's Transactions

JULY 13, 2016

On 20 October 2010, the Directorate General of Civil Aviation (DGCA) suspended its licence to fly. The more cynical among you might just note this as another example the subverted corporatist version of capitalism that we are familiar with today, where profits are privatised and losses are socialised, and put it to one side.

blockchain 30

blockchain Examples Guidelines System 30

CB Insights

JUNE 14, 2018

We can use mobile apps and voice commands to control our lighting, temperature, and home security. Faced with these challenges, cities are using a combination of regulations and incentives to try to address the housing shortage, but few look likely to fully solve these issues. Technology companies have infiltrated the home.

Seattle 56

Seattle Capital Industry New York 56

PYMNTS

JULY 31, 2018

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. AI And Data Security. Treasury Department. financial technology efforts.

Fintech 194

Fintech Security US United States 194

PYMNTS

AUGUST 6, 2018

The report urged regulation that would standardize efforts across these tech upstarts, with an eye on new services and the way data is collected and stored. As reported, financing FinTechs has been enthusiastic, touching $22 billion in 2017 — up 13 times from 2010.

Regulation 100

Regulation Fintech Data Course 100

CB Insights

OCTOBER 6, 2017

To put these numbers into perspective, estimates are that over a few years the Great Recession of 2007 – 2010 destroyed 8.7 Risk of automation is highest in predictable work environments in industries with lower regulations. Meanwhile, nearly 5 million retail workers are at a medium risk of automation within 10 years. workers).

Software 69

Software Industry Retail United States 69

PYMNTS

SEPTEMBER 13, 2018

We’re looking backwards after some banking regulations were eased this past year – surely you know of Dodd-Frank – and from this vantage point, one might wonder how we got here. It also brought tens of billions of dollars of fresh capital to the banks, with marquee names such as JPMorgan Chase and Wells Fargo among the recipients.

Course 108

Course Capital Regulation System 108

PYMNTS

SEPTEMBER 13, 2018

We’re looking backwards after some banking regulations were eased this past year – surely you know of Dodd-Frank – and from this vantage point, one might wonder how we got here. It also brought tens of billions of dollars of fresh capital to the banks, with marquee names such as JPMorgan Chase and Wells Fargo among the recipients.

Course 100

Course Capital Regulation System 100

Insights on Business

APRIL 21, 2017

Quite the contrary, the industry had to adapt to an onslaught of new regulations in the aftermath of the Global Financial Crisis. A decade later, it may have to adapt to the dismantling of those same regulations but remain keyed up for the not-unrealistic possibility of another regulatory assault in a few years.

Technology 156

Technology Compliance Regulation Training 156

CB Insights

NOVEMBER 9, 2017

In this review of failure, we’ve looked in our venture capital database to find the most well-funded startup companies that ultimately failed or had an undesirable exit, such as an asset sale or an acquisition for less than the total funding raised by the company. The 101 Biggest Product Failures Of All Time. Total Funding: Over $100M.

Capital 78

Capital Company San Francisco Operations 78

PYMNTS

FEBRUARY 26, 2018

Dodd-Frank , the controversial 2010 legislation that came in the wake of the financial crisis that was in the crosshairs of the Trump administration from the start, seems to be resting a bit easy at the moment – but perhaps just for the moment. . Capital requirements would be loosened and stress tests would come less than once a year.

Regulation 101

Regulation Bitcoin Innovation Fintech 101

CB Insights

FEBRUARY 16, 2021

Among plenty of emerging use cases, the technology aims to create a new and improved payments system for the world — one that’s secure, transparent, decentralized, fast, and uses cryptocurrencies (types of digital cash) as a means of exchange. In 2010, for example, a programmer purchased pizza for 10,000 bitcoin (~$30). Source: Quartz.

cryptocurrency 101

cryptocurrency Bitcoin Examples blockchain 101

CB Insights

OCTOBER 31, 2017

“The initial 7 years were all about having negative working capital, positive cash flow and a sustained ability to fund our own growth. I started treasuring GMV, room-nights and other ‘vanity’ metrics instead of the fundamentals of cash flow and working capital,” he explained. Those were the only metrics we tracked. Product: Bridj.

Company 78

Company US San Francisco Capital 78

Lex Sokolin

FEBRUARY 4, 2021

Melvin Capital, the $8 billion hedge fund that didn’t find GameStop funny, lost 53% of its portfolio in January ( $7 billion ) trying to short against the rallying cries of the Reddit Capitalist Union. Speaking of, New York Mets owner and former name-on-the-door of SAC Capital, known most recently for its insider trading fine of $1.8

Marketing 52

Marketing Capital Fintech Video 52

Lex Sokolin

FEBRUARY 4, 2021

Melvin Capital, the $8 billion hedge fund that didn’t find GameStop funny, lost 53% of its portfolio in January ( $7 billion ) trying to short against the rallying cries of the Reddit Capitalist Union. Speaking of, New York Mets owner and former name-on-the-door of SAC Capital, known most recently for its insider trading fine of $1.8

Marketing 52

Marketing Capital Fintech Video 52

FICO

JULY 17, 2017

In June, the House adopted, along a party line vote, the Choice Act, which aims to make broad changes to the 2010 Dodd-Frank statute. Similar efforts, further crowding the legislative calendar, may be pursued if the CFPB moves forward with issuing its final small-dollar lending regulation. So where does that leave us?

US 40

US Leadership Regulation Policies 40