BankUnderground
APRIL 28, 2023
The aim of having a long time series is to have a sample that covers at least a big portion of a credit cycle before the introduction of the much stricter capital requirements by Basel III standards in 2010. Although capital standards existed before 2010, they were significantly weaker. Pre-tax profits 8305 29.76 Cash 8762 1413.30
PYMNTS
MARCH 2, 2018
Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 Alternative Lending. alternative small business lending firm, that secured $900 million in 2017, while other alternative finance players, like LendingPoint and SoFi , landed significant investment rounds. ZenBusiness.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
DECEMBER 28, 2018
consumers owe roughly 26 percent of their annual income to debt, up from 22 percent in 2010. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year. It’s easy to lend money. That amounts to $13.2
Jeff For Banks
SEPTEMBER 13, 2015
He joined COB's board in 2009 after its $310 million recapitalization which was needed from a disastrous slew of losses incurred starting in 2008 as a result of awful credit decisions, leading to a 21% NPA/Asset ratio peak in 2010. Security Bank in Midland, Texas lends to business, period. Yeah, Chan can own my team.
Jeff For Banks
JUNE 2, 2023
The old borrow short, lend long strategy. When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. To fight inflation, the Fed raised rates aggressively (familiar?). Let those numbers sink in a bit.
PYMNTS
JULY 7, 2018
Though FinTech companies originated less than 1 percent of personal loans in 2010, they originated 36 percent of them in 2017. Jason Laky, senior vice president and consumer lending business leader of TransUnion , told Bloomberg, “A lot of credit goes to the FinTech lenders for reinvigorating a loan category that’s been around forever.
CB Insights
FEBRUARY 13, 2020
Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. Business lending and corporate cards. One key catalyst for online payment innovation was the introduction of the Payment Facilitator, or “PayFac,” in 2010.
Expert insights. Personalized for you.
78 
Let's personalize your content