PYMNTS
FEBRUARY 24, 2016
That growth, the FDIC said, came mainly from a $6.8 billion boost in net operating revenue, accompanied by a $2.7 More than half of the 6,182 institutions that reported to the FDIC showed growth year over year in earnings in the latest quarter. However, banks are operating in a challenging environment.
Jeff For Banks
MAY 1, 2011
When a significant portion of your cost structure is fixed, then growing revenues should generate positive operating leverage. Over the course of the past 10 years, the number of FDIC-insured FIs decreased by 23% (see chart). The efficiency ratio measures how much in operating expense it takes to generate a dollar of revenue.
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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.
Abrigo
SEPTEMBER 14, 2022
Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. Proposed Rule. Commenters have until Nov.
PYMNTS
OCTOBER 1, 2018
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. In 2010, LendingClub added to its war chest with a $24.5
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.
Jeff For Banks
SEPTEMBER 10, 2011
They acquired seven failed institutions in Georgia, Florida, and South Carolina from the FDIC, adding over $2 billion of acquired assets since March 2010. Such aggressive growth has led to positive operating leverage as net income and EPS has grown faster than assets (see table from their investor presentation).
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