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Online Lender SoFi Sees $12M Loss In Q3

PYMNTS

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. The FinTech company has now recorded losses for the second consecutive quarter. In August, it posted a second quarter loss of about $200 million.

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Bankers Are Navigating a Brave New World with Mergers and ESG

Gonzobanker

Cornerstone Advisors estimates $145 billion of pre-tax revenue has disappeared for bankers via margin compression in only the past two years. And that brings us to the topic of mergers. It must be what pours out from the culture, the leadership, the brand, and the operations of a modern banking institution. Banker in the Middle.

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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

The greater concern is how the regulatory agencies will expect us to update our risk profile based on climate factors.”. So, where to put those deposits to use? That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%).

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The ICBA 22/23 executive committee is all in

Independent Banker

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach.

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2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. You tell us. Lifetime Leadership Achievement Awards. SoFi’s March acquisition of Golden Pacific Bancorp for $22.3 The Bank That Gets Fintech. Inspirational?

Fintech 147
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Leadership and board members. Business lending and corporate cards. Funding, valuation, and investors. Broadly enabling online commerce.

Online 98
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GonzoBanker Awards 2017

Gonzobanker

This year brought us: Mergers out the yin-yang. Heavy core conversions weighing us down. BNC shareholders got a terrific premium, a 47% dividend increase, and a continued leadership role for Richard D. Why does this remind us of Petloversbank.com and BancBowie from the dot.com era 18 years ago? Payments chaos.