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Scale Matters … But Smart Matters More

Gonzobanker

A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity. An exercise Cornerstone likes to conduct: Take a look at the top 20% of the bank’s headcount and review comp and bonus in descending order.

Tools 163
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Amazon Focuses On Fulfillment After Another Record-Setting Quarter

PYMNTS

Amazon earnings announcements in 2020 have become an exercise in financial superlatives. It was almost a given that the company would post another such exercise for the third quarter as the pandemic has driven consumers online, 44 percent of which it lays claim to. It did not disappoint. In Q2, Amazon set aside “$4.0 billion in Q3.

Exercises 135
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Connecticut federal court allows CFPB claims to proceed against mortgage company and principals for alleged licensing and other violations

CFPB Monitor

The CFPB’s lawsuit names as defendants 1st Alliance Lending LLC and three individuals consisting of the company’s CEO, President of Production, and President of Capital Marketing. The duties performed by the SCs/HLCs required them to hold a mortgage originator license in every state in which 1 st Alliance operated.

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Why now is the time to update your bank’s corporate governance

Independent Banker

He also recommends not updating the resiliency document as only a “table-top exercise.” Grandstrand says factors that prompt banks to review their governance documents include preparing for an acquisition or sale, starting a new line of business, succession planning, raising capital or a corporate restructuring. Quick Stat.

Oregon 91
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Community Banking According to Andy

Jeff For Banks

He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. It covers the high risk clients, the cash flow and capital needs of the organization, our employees, and many other items as the come forward to drive conversation.

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The Whole Paycheck Tracker: HQ Enhancements, Empathetic AI And Special Guest Bernie Sanders

PYMNTS

While wearables are able to track all kinds of things about their wearers — how much they exercise, when they are sitting or standing or how regular their sleep habits really are — they aren’t renowned for their ability to sense how their wearer is feeling emotionally speaking. AI Enhancement: A Wearable That Feels Your Pain.

New York 109
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Bank Earnings Are Toast – It’s Time to Take Bold Action

Gonzobanker

25% 140 banks will have capital levels that have fallen below 8%. So far, bankers have taken comfort in the soundbite that “this crisis is different” because of the strong capital levels and risk management rigor that has developed since the Great Recession. They may be looking for a dance partner or hiding from a regulator.

Lending 114