Remove 2017 Remove Leadership Remove Lending Remove Taxes
article thumbnail

Online Lender SoFi Sees $12M Loss In Q3

PYMNTS

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. According to The Wall Street Journal ( WSJ ), the earnings losses follow an adjusted profit of $56 million in Q3 of 2017.

Online 183
article thumbnail

GonzoBanker Awards 2017

Gonzobanker

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree. FinTech threats and distractions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The ICBA 22/23 executive committee is all in

Independent Banker

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. For instance, ICBA is calling for congressional hearings on the credit union tax exemption. Their insights are critical to the path we chart for this great industry.”.

article thumbnail

2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Since 2017, ROAE has grown from 7% to approximately 20% and ROAA has increased from.82% Lifetime Leadership Achievement Awards. The Bank That Gets Fintech.

Fintech 143
article thumbnail

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Leadership and board members. Business lending and corporate cards. Square has since expanded its offerings to standalone, integrated point-of-sale terminals, as well as a broader ecosystem of applications and services such as lending (Square Capital), payroll services (Square Payroll), and rewards (Square Loyalty).

Online 98
article thumbnail

Community banks are thriving in Texas

Independent Banker

Corporate relocations and expansions—influenced by factors like affordability, low corporate tax rates, no personal income tax and a rich talent pool—have contributed to a momentum that isn’t likely to subside soon. Edlund adds that ANB also does working capital lending, energy lending and real estate and development lending.

Texas 182
article thumbnail

17 Of The Biggest Startup Frauds Of All Time

CB Insights

In 2017, Conrad settled with the Securities and Exchange Commission and agreed to pay $533,692 in penalties and interest. However, The Honest Company’s claims came under fire in 2017 when allegations were made that the company had engaged in fraudulent labeling of some of its products. Total Funding: $263M. Total Funding: $472M.

Fraud 78