Remove banker-to-banker-sign-up
article thumbnail

Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

article thumbnail

FDIC cautions of increasing credit, interest-rate risks

Abrigo

Add FDIC Chairman Martin J. In prepared remarks for the release of the FDIC’s third-quarter version of the Quarterly Banking Profile , Gruenberg said growing interest-rate risk and credit risk warrant “timely attention” by banks and will “continue to be a focus of supervisory attention.” percent from 3.07

FDIC 150
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform 

Gonzobanker

Turn up “Whole Lotta Love” and let the pure adrenalin rush of Jimmy Page’s intro accompany this year’s Acquire or Be Acquired recap … In the ever-evolving world of banking, Bank Director’s Acquire or Be Acquired Conference remains a constant. Old Ways Won’t Open New Doors While we can’t predict the future, we sure can prepare for it.

article thumbnail

A Time of Reckoning for Your Bank's Core Deposits?

Jeff For Banks

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. FDIC insured. My colleague recently sent me a link for meetbeam.com , a soon to be released banking app that boasts a 2%-4% rate for your cash, FDIC insured (they are partnering with a bank). By default.

FDIC 60
article thumbnail

Preparing your financial institution to manage loan workouts, loan modifications

Abrigo

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

article thumbnail

Community Banking According to Andy

Jeff For Banks

2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. In June 2021, we were up to six locations, $327.6 In 2021, we are up to over $70 million, mostly investment properties. I suggest following Andy on Twitter.

article thumbnail

The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

This article highlights ten not-so-evident lessons of the banking crisis that every banker must consider going forward. Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year.