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The Velocity of Risk – What Bankers Need To Know

South State Correspondent

In this age of social media, global interconnectedness, and market volatility, banks can be one tweet torrent away from a lightning-fast onset of risk. Banks that take too much risk fail, and banks that take too little risk produce returns below their cost of capital and either get acquired or driven out of business.

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Big Names Embark On Spring Hiring Sprees

PYMNTS

Discount-grocery chain Aldi has announced several hiring events across states including Michigan, Vermont, Connecticut, Virginia, New Jersey and Florida. It will be investing $500 million in associate wages, training and development over the next three years, leveraging a windfall produced by recent tax law changes. Tech Giants.

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Data Dive, Better Together Edition: Worldpay, FIS, Google, eBay, PayPal, Instagram

PYMNTS

Once closed, the conjoined firm will offer enterprise banking, payments, capital markets and global eCommerce services to financial institutions and businesses around the world. The combined company will retain the FIS name and will be headquartered in Jacksonville, Florida. merchant customers.

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GonzoBanker Awards 2017

Gonzobanker

Strangest Sale of the Year – Was the first-failed and then convoluted spin-off and sale of BankMobile by Customers Bancorp to Flagship Community in Florida. Credit Union Merger of the Year – Goes to Lake Michigan Credit Union and its CEO Sandy Jelinski for acquiring Florida-based community bank Encore. Millionaire – Chris Stapleton.