Remove Marketing Remove Massachusetts Remove Operations Remove Risk Management
article thumbnail

OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

• Board risk parameters, adequacy of staffing, succession planning and audit. Asset and Liability Management: Asset and liability risk management was deemed a concern as continued low interest rates and pressure on traditional earnings sources cause many banks to increase long-term asset holdings. The OCC on Oct.

article thumbnail

How One Bank Intends to Implement CECL – And Maybe Even Do It Early

Abrigo

The Massachusetts mutual bank has until 2023 to comply with CECL, considered the biggest change to bank accounting in the industry’s history, after FASB recently agreed to extend the deadline for smaller public and all privately held financial institutions. I think we’re on track for probably 2022, maybe late 2021.” Sousa said. Get Started.

Maine 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

Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

It’s certainly not the type of pull marketing they teach in business school, but at the rate merchants keep showing up on the Chapter 11 Watch, retailers can’t be too pika-choosey about the ways they draw new customers in. Minyard was founded back in 1932 and, at one point, operated more than 80 locations throughout the South.

article thumbnail

Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

First of all, if they continue to buy securities, they are removing many of the high quality securities from the marketplace, possibly causing a disruption or shortage in the markets. We may be skeptical, but the markets keep telling us: Don’t fight the Fed! trillion of securities amassed during QE1 and QE2. Thanks for reading.

article thumbnail

The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

article thumbnail

The Nerd Oscars: 24 Best Data Science Moments in Movies

FICO

Walk into another – the conference room with food and drinks – and you’ll catch marketing people analyzing the TOFU CTR, CR, and CAC on their latest B2B ABM campaign. Computer systems are not yet ready for operational use (though the IBM® 7090 is the butt of multiple jabs throughout the movie). Chernin Entertainment). Miramax Films).

Data 139
article thumbnail

The 2023 GonzoBanker Awards

Gonzobanker

Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. While Huntington is down like most bank stocks, the pain hasn’t been as severe, and Huntington doubled down on local markets in 2023 by consolidating business units.

Fintech 194