How to Destroy a Bank
Not long ago it was one of the most respected banks in America. It had demonstrated years of consistently strong earnings and housed an enviable list of clients.
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.
Are You An A**hole?
Let me be clear. I am not suggesting you are, but the new nominee for the head of the OCC said precisely that. As quoted in the New York Post, Saule Omarova views banking quite differently than any banker I know…
Fintech Consolidation and Banks
For as long as Fintech lenders have existed, traditional bankers have said, “Wait until there is a recession,” suggesting that many of these lenders would face credit problems and disappear. They may have been right. This Tuesday Enova International, what I would term a subprime consumer land and business lender, operating in the U.S. and Brazil “announced that…
Sell?
Over the years I’ve attended many conferences in which senior bankers meet over cocktails and informally discuss sale or merger opportunities. In past years there have been more buyers than willing sellers, since potential sellers saw their value with a different set of eyes than potential acquirers, eyes that viewed their franchises as being of great value. That may be changing.
Is Bigger Really Better?
Printer-friendly version (PDF) Short answer: no. The stampede you heard after SunTrust and BB&T announced their “merger of equals” was investment banks running to the airport to pitch similar deals…
FIC Advisors, Inc. Explained
Printer-friendly version (PDF) Beyond emailing a newsletter, what does FIC do? Despite operating for more than 20 years, I often come across colleagues and potential clients who are unclear about…
High Touch and High Tech
Printer-friendly version (PDF) One of the major management challenges faced by senior bankers today concerns their ability to balance the two worlds in which they operate. They need to support…
Fintechs and Banks: An Unequal “Partnership” – Part Three
Printer-friendly version (PDF) Two weeks ago we provided a summary of the current state of Bank/Fintech partnerships, particularly related to small business lending. Last week, we focused on the steps…
Fintechs and Banks: An Unequal “Partnership” – Part Two
Printer-friendly version (PDF) Based on our experience with clients and recent discussions with many banks and Fintechs, last time we discussed our view of the current state of play of…
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