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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank. He was promoted to President and CEO in 2008.

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G20 Report Raises Concerns Over Interbanking Decline

PYMNTS

A report released this week by the Financial Stability Board, an international body that makes recommendations on the financial system for G20 nations, has raised concerns over the ongoing decline in interbank relationships. The FSB is advising regulators across the globe to clarify their banking and risk management rules for FIs.

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UK Challenger Bank Suffers Asset Finance Breach

PYMNTS

“While this is extremely disappointing, the irregularities were identified by the upgraded risk management systems and controls we implemented earlier this year,” said the bank’s chief executive Steve Pateman. having launched in 2011 as the industry and regulators look to increase competition in the sector.

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Don't Bank. SoFi

Jeff For Banks

billion in equity capital since its founding in 2011. Since 2011, SoFi has funded over $6 billion in loans (through December 15, 2015). SoFi started in 2011, so the tide has not yet gone out on them. Like most marketplace lenders, SoFi claims a borrower risk rating system that is better than the FICO score. We don't know.

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Russian Credit Health Keeps Rising

FICO

Just as millions of Americans check their FICO Scores to see how their credit is doing, FICO and the National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau, keep tabs on the health of Russian consumers. The base was set at 100 in July 2009, and it climbed until the end of October 2011. What does this mean?

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Guest Post: 4th Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

Actually, the Dow Jones Industrial Average was the only major stock market index in the world to increase in 2011. Europe suffered losses on average of -6% to -17% while Japan, China, and other Asian nations saw declines of -15% to -25% on average. Businesses fared okay in 2011. Consumers fared okay in 2011, too.

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Guest Post: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Housing has done well, despite median sales price growth which is less than national averages and lower inventories of properties for sale, which may be propping up prices. In 2Q18, Bucks County median prices rose year-over-year by 3.9%, compared to the national Case Shiller index at over 6.0%. Life is good! Thanks for reading!