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Bank Customers Lose Real Money

Jeff For Banks

Heck, maybe there'll be a reassessment and your real estate taxes will go down. Taxes go down? Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue. I made a funny.

Taxes 78
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

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. M&T assumed their $411 million of loans and securities with a $289 million FDIC loss-share agreement. We took a serious reputational hit.

FDIC 78
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De Novo Banks: Only Apply If You Intend to Matter

Jeff For Banks

Sure, if you cite studies that say these banks' loan books are predominantly small, as the FDIC measures them. See the accompanying chart for the loan composition for all FDIC-insured banks and thrifts with less than $1 billion in total assets. I'm skeptical. So the bank necessarily hunts for smaller relationships.

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Acorns Review: Automated Micro-Investing Made Simple

MyBankTracker

IRAs offer tax benefits when you use them to save for retirement. When you contribute money to an IRA, you can deduct those contributions from your income when filing your tax return. When you withdraw money from your IRA in retirement, you pay income tax on the money withdrawn. Traditional IRA. Preset portfolios. Earn rewards.

Taxes 52
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Acquire or Be Acquired 2018: Breaks, Bulls and Business Models

Gonzobanker

Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. The chatter at AOBA centered on three important topics: #1: The Breaks.

Taxes 75
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The State of Banking

Jeff For Banks

In 2013, there were 6,812 FDIC-insured financial institutions. Provision, and income taxes. Most of the institutions, if not all of them, probably took a Deferred Tax Asset (DTA) writedown in the income tax line item, impacting these bottom line ratios. Where are we and where have we been? Trends are telling.

Taxes 60
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Four Ideas on Bank Retail Investment Sales

Jeff For Banks

The most profitable program that we measure, on a pre-tax profit as percent of revenue basis, is one that is totally outsourced. trillion in assets , while bank assets in all FDIC insured financial institutions was $14.7 The rep is a full-fledged employee of the third party broker-dealer, and the bank incurs little expense from it.

Retail 84