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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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Western Union Discovers New Ways for an Old Business

Bank Innovation

And when you’re a company that’s more than 165 years old, trying to be innovative and fresh can be tricky, which is why cross-border money transfer company Western Union teamed up with the Denver, Colo.-based based fintech […].

Denver 150
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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

Small Business Administration (SBA) will recognize and honor the critical and life altering contributions of America’s moms and pops, manufacturing enterprises, Main Street retailers and entrepreneurs during National Small Business Week. Tune in all week for live-streaming , beginning at 7:30 p.m.

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Ripple Effects

Independent Banker

North Valley Bank operates in the North Denver Metropolitan area and serves primarily commercial clients. Our lending niche is construction (owner and non-owner) and real estate investment financing. Retail locations: Two. Higher capital and loss-reserve requirements are also looming. North Valley Bank. Thornton, Colo.

Denver 70
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CFPB announces new appointments to advisory groups

CFPB Monitor

According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.”

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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

The old borrow short, lend long strategy. Finally, resolution of failing financial institutions requires that the deposit insurance fund be strongly capitalized with real reserves, not just federal guarantee.” Who would’ve thought lending $1 million to a San Francisco cab driver to buy a house at 100% loan to value would go bad?

FDIC 78
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Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

Fintech Labs Insights

Three Finovate alums raised capital and one of the first FinovateSpring presenters, TradeKing , was acquired by Ally Financial for $275 million. P2P lending platform. Scalable Capital. Retailer point-of-sale system. Tags: SMB, lending, P2P, crowdfunding, credit, commercial loans, underwriting. Source: Crunchbase.