What is Small Business? Avoid Homogenization for Success`
Each bank seems to define “small business” differently. Some define the term broadly (to include companies $1-10mm+ in revenues) or narrowly (microbusinesses with revenues less than $1mm)…
Each bank seems to define “small business” differently. Some define the term broadly (to include companies $1-10mm+ in revenues) or narrowly (microbusinesses with revenues less than $1mm)…
In 2000, 8,300 FDIC insured banks operated. By year end 2020, the number was down below 4,500, and since 2010 fewer than 15 new bank charters have been approved by the FDIC. The pressures on…
When the Chairman left his corner office for the last time, he looked back through the limo window at the office tower as it disappeared from view. He had no regrets, but now an ex-Chairman, his life…
For many of us the comment accompanying this column says it all. Having survived 2020 with its lockdowns, search for toilet paper, and, even worse, an election, we looked forward to the turning of the page…
The beginning of a New Year always serves as the opportunity to rethink the past and set goals for the future. But very quickly both on the personal level and from a business perspective we usually…
Another week and another set of predictions have crossed my e-desk. One of them, presented in an article written by Anindya Roy, published in Global Banking and Finance, a UK publication, makes…
In the last week we have continued to receive invites to webinars and ads for research reports all aimed at providing bankers with guidance about their world in 2021. One research firm offers…
In response to the number of 2021 predictions we are receiving by email and Internet, most of which are thinly disguised marketing materials, last week we started to provide our own. All of us are operating in a world…
This week I received the first three of what will likely be dozens of publications predicting the state of banking in 2021. Beginning to read these essays, my first reaction was how could anyone having lived through 2020…
Four hundred years ago this past Saturday the Mayflower dropped anchor near Cape Cod, Massachusetts instead of in the northern Virginia area the sailors were hoping for.