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Bank Investment: To De Novo Or Not?

Bank Innovation

Based in Bedford, New Hampshire, the new Primary Bank raised an astounding $29 million after obtaining approval for its charter on March 17th of 2015. It’s been a year since the Federal Deposit Insurance Corporation (FDIC) conditionally approved a de novo charter for Primary Bank. But Primary Bank was not the Read More.

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Longevity Lessons From The Oldest US Credit Union

PYMNTS

Mary’s Bank of Manchester, New Hampshire, holds the distinction of being the nation’s first and oldest credit union. Membership could be obtained by spending five dollars on a share of capital stock. Mary’s was initially chartered in 1909 by the New Hampshire legislature. Founded in 1908, St. Membership to St.

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Why It’s Time To Come Down On Bitcoin

PYMNTS

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. That means bitcoin. despite many other countries already giving it a thumbs up.

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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

Brown, instead of managers getting stock options or guaranteed bonuses, every manager got paid $7,800 a year (the equivalent of about $14,500 today), plus “a designated percentage of the profits of the company after these are reduced by a charge for capital employed.”. The result of this type of plan was to make each manager at H.

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Amazon Walmart Whole Paycheck Tracker: Better Delivery By Any (And Every) Means

PYMNTS

This week was one of the latter, as Walmart hosted its investor meeting in Arkansas and Amazon decided this week’s menu of technological innovations in retail would be an all-you-can-eat buffet. Will soon be under new managemen t. Walmart has named Scott Eckert as its new SVP. And that was just the serious stuff. an hour.

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