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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. Without this push, traditional banks may lose a terminal amount of future market share. It appears nothing else matters but the urgency to get big and get there fast.

Tools 163
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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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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. However, it had a great group of employees and was in a market that I knew very well. This was the start of one fun journey that continues today. million in loans in the two locations.

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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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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Deepti Dhar’s Bright Paths Project: Welcome to Stock Market. Deepti graduated with a Bachelor’s degree and diploma in Business Administration with a specialization in Marketing and worked as a Relationship Banker and as a Marketing Coordinator for the banking industry. Bright Paths Project: Welcome to Stock Market.

Milwaukee 348
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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
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21 Lessons From Jeff Bezos’ Annual Letters To Shareholders

CB Insights

The online bookseller didn’t turn a profit for six years — today, it’s the second publicly traded company ever to hit a $1T market cap. Customers love it, it can grow to very large size, it has strong returns on capital, and it’s durable in time—with the potential to endure for decades. Just execute. ” Takeaway.