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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The old borrow short, lend long strategy. To you, manage your interest rate risk. Economists cite as the main culprit the collapse of the subprime mortgage market — defaults on high-risk housing loans — which led to a credit crunch in the global banking system and a precipitous drop in bank lending.

FDIC 78
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Banker Quotes: As Told To Me v6

Jeff For Banks

Bank SVP: the mortgage lending business is like a shark. D-F erected barriers to entry that makes it very difficult for your branch manager to talk to you about a mortgage. Maybe social media is happening outside of the Marketing Department. You wold be lucky to get them to think beyond the current pipeline.

NJ 97
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Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

Payments via social media. HQ: Chatham, NJ. Household bill management solution. Tags: Peer-to-peer, P2P, lending, investing. Digital banking platform for financial institutions. HQ: Provo, Utah. Latest round: $30 million Series A. Total raised: $61.7 Source: Finovate. Loop Commerce. Electronic gift card platform.