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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Charlotte, Houston, Phoenix, New York, Austin, Denver, Orlando, Miami, and Nashville, many banks have not adjusted pricing or their credit appetite. Many community banks have an inherent strategic advantage in bringing a new product to market faster than a national bank, yet they squander their position. Conclusion.

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4,000 Years In, Bringing Innovation To Mead (Yes, Mead)

PYMNTS

The honey-based fermented beverage (sometimes called “honey wine” though dedicated mead drinkers affirm that mead is a fundamentally different drink than wine) has been something of a niche or regional favorite for the last five or so centuries. . But the 21st century has seen something of a mead renaissance. million in revenue.

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Western Alliance's 3Q Profit Boosted by Ariz., So. Calif. Loan Growth

American Banker

in Phoenix. Loan growth in Arizona and Southern California led to improved third-quarter profit at Western Alliance Bancorp.

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Morning Scan: Wells Claws Back Bonuses; Goldman Goes Flexible

American Banker

Deutsche sells insurer: Deutsche Bank, which is under heavy pressure to raise capital, said Wednesday it sold its Abbey Life insurance unit to Phoenix Group Holdings for $1.22 Breaking News This Morning. The bank's stock, which hit a 33-year low earlier this week, as it faces a potential $14 billion penalty in the U.S.

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A Deep Dive into the Distribution of the FICO Score Across the US

FICO

So, while the average FICO® Score is increasing over time at the national level, what about at the state or city level? While 31 states (and the District of Columbia) have an average score higher than the national average of 706, we generally see that the Midwest and New England states have the highest average FICO® Scores.

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Morning Scan: Prosper's Layoffs Show Marketplace Lender Backlash

American Banker

The company will close a Utah office that's assigned to making loans for medical procedures, as it will make cuts totaling about 14% of its workforce, which is based in both San Francisco and Phoenix. Prosper's chief risk officer is being…

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Android of the Auto Industry? How Baidu May Race Ahead Of Google, Tesla, And Others In Autonomous Vehicles

CB Insights

Additionally, when naming the national champions of AI in November, the Chinese Ministry of Science and Technology designated Baidu as the leader in autonomous driving. The other national champions include Baidu’s tech peers Alibaba and Tencent — designated as leaders in smart cities and healthcare, respectively.

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