Bailout 2.0
We’ve already read that venture capitalists are saying SVB and the venture capital industry have not been bailed out. And the President and Treasury Secretary have stated that no taxpayer dollars are involved. Those are lies.
We’ve already read that venture capitalists are saying SVB and the venture capital industry have not been bailed out. And the President and Treasury Secretary have stated that no taxpayer dollars are involved. Those are lies.
I wrote what you are reading right now, but after studying The Age of AI and Our Human Future by Henry Kissinger and others, I felt compelled to explore the Chat GPT phenomenon being promoted by Microsoft Bing. To quote a CB Insights report…
This week and next we’ll focus on issues related to due diligence. As M&A activities are likely to increase in 2023, excellence in due diligence is critical for sellers but in particular for acquirers. Yet, there are at least…
The regulatory approval was easier than anyone thought. After all, FTX and crypto savant Samuel Bankman-Fried could buy Farmington State Bank, a three-employee bank in Whitman County, Washington. Of course…
I live in Miami, in the free state of Florida. When I arrived six years ago as a refuge from New York City its main attraction was good weather, great real estate deals, a friendly business climate, nice lifestyle and…
When considered together, three headlines in February 2nd’s American Banker Daily Briefing tell a story that bankers need to assess and act on. Headline 1: “Expenses expected to keep weighing down bank profits”
I mentioned to a consulting friend that I had seen a BAI executive report with the title “Big Stakes in Small Business Banking” followed by the tag line “SMBs…
Last week I had a call with a technology vendor that aims to provide banks with a solution which, if effectively implemented, could significantly increase revenues and profits from a business area that many banks either overlook or have managed ineffectively.
Just as banks use branch “shoppers,” to test service and highlight areas for improvement, they need tech shoppers to determine whether their gee-whiz technology solutions work. In more cases than they know, digital and automated approaches fail to…
Anyone who has seen the classic film Casablanca remembers a scene in which a local government official who has been taking bribes for years from Rick, the café’s owner, needs to placate the German military…