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Sezzle Names Former PayPal Exec To Lead Sales

PYMNTS

Sezzle , the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership team. In 2008, eBay, PayPal’s parent, acquired Bill Me Later for $820 million in cash and $125 million of outstanding stock options. In January, Sezzle was denied a crucial lending license from California.

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Waters Tells CFPB Head To Do Better

PYMNTS

Let me just say at the outset that I remain very concerned about Director Kraninger’s misguided leadership of the Consumer Bureau,” Waters said. She said the CFPB was created by Congress to protect consumers and act as a watchdog from harmful practices that led the country into the 2008 financial crisis.

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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets.

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Deutsche Bank’s CEO Says Current Banking Laws Hurt Cross-Border M&A

PYMNTS

Under my leadership, this aspiration won’t be questioned,” he said. Back then, foreign banks cut their lending significantly more than domestic ones,” he said, warning that lawmakers and policymakers around the world aren’t in a good position today to fight a financial crisis like the one in 2008.

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Community banks are thriving in Texas

Independent Banker

ANB does “traditional lending in every aspect,” Edlund says, but commercial loans make up the majority of its loan portfolio. Edlund adds that ANB also does working capital lending, energy lending and real estate and development lending. Consumer mortgage and installment lending are in the mix as well.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

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AI Assistants Sizzle While Wells Fargo Continues To Reinvent The Concept Of Fizzling

PYMNTS

While it has not quite broken Lending Club’s record from this summer of longest consecutive number of days on the fizzle list, it has spent a rather unfortunate amount of time there since summer first started giving way into fall a few weeks ago. Elizabeth Warren (D-MA) accused him of “gutless leadership.”.

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