PYMNTS
JULY 25, 2018
Cabot Square Capital, a U.K. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. The move on the part of Cabot Square Capital comes at a time when big banks have been pulling back from the $1.2
CFPB Monitor
DECEMBER 20, 2018
The FDIC has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on its regulatory approach to brokered deposits and interest rate restrictions. The FDIC’s current regulations on brokered deposits and interest rate restrictions are set forth at 12 C.F.R. Section 337.6.
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PYMNTS
OCTOBER 1, 2019
In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. John Cryan, former Deutsche Bank boss, warned in 2017 that up to half of the 97,000-strong workforce of the bank could go. banks will slash over 200,000 jobs.
Abrigo
AUGUST 3, 2017
The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent. Some of these changes include: 1.
PYMNTS
FEBRUARY 19, 2020
The research filtered data from the Federal Deposit Insurance Corporation (FDIC). shrank by more than 1,700 in the 12 months that ended in June 2017, the biggest decline on record. lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the closures. The number of branches in the U.S.
PYMNTS
JANUARY 31, 2019
is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. Bloomberg listed Casey G.
PYMNTS
OCTOBER 1, 2019
In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. John Cryan, former Deutsche Bank boss, warned in 2017 that up to half of the 97,000-strong workforce of the bank could go. banks will slash over 200,000 jobs.
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