Independent Banker

JANUARY 31, 2022

This region has the kind of energy that draws people to a place and helps them and their businesses thrive. That year, installations further south, in the region that includes Brownsville and Corpus Christi, supported an estimated 41,000 jobs and contributed about $4.6 Here’s how four community banks are thriving in this environment.

Texas 182

Texas San Antonio Community Bank Community 182

PYMNTS

DECEMBER 8, 2020

The theory most famously put forth by the Washington Post’s Catherine Rampell is that millennials were scared by the mortgage market meltdown that triggered the Great Recession in 2008, preferred to live in cities and were unwilling to tie themselves to a single location the way previous generations had. Today’s Buying Boom .

Millennials 353

Millennials United States Marketing National 353

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Money laundering remains a significant problem in the financial services sector, though, despite the urgency brought about by 2008.

How To 161

How To Regulation Compliance Meeting 161

BankUnderground

JUNE 27, 2023

In this post I show that historically there have been large differences in how an interest rate shock affects prices in different areas of the country, even though interest rates are determined nationally. There are widely-used estimates of housing supply elasticity for regions of the US. The evidence for the UK is even less extensive.

Regional 121

Regional Policies US Study 121

TheGuardian

MARCH 17, 2023

SVB was supposed to be a regional player whose failure would be unlikely to have profound ramifications – but then a longstanding set of problems at Credit Suisse, a far more consequential institution, turned into an emergency. The national absence rate was 7.6%, compared with 4%-5% seen before the pandemic. Its shares dropped 24.5%

How To 80

How To US Video Regional 80

PYMNTS

JULY 11, 2016

Blue Acorn, founded in 2008, lists such national brands as Ticketmaster and Everlast under its list of clients and bills itself as providing “superior eCommerce results through data-driven solutions.”. Since its founding, the company has grown from nine employees to over 100, according to Charleston Regional Business Journal.

South Carolina 100

South Carolina Regional National Branding 100

PYMNTS

JUNE 18, 2018

Thirty-four years have passed since SMB optimism was this high , according to the National Federation of Independent Business (NFIB). SMBs since the 2008 financial recession. percent increase in shares at mid-cap regional banks and a 12.1 May’s reading was also the highest optimism level for U.S. percent a month prior.

Lending 112

Lending Community Bank Regional Community 112

PYMNTS

MARCH 10, 2020

Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack. In Southeast Asian markets, banks’ lack of adequate data on SMB loan applicants is perhaps the tallest barrier to connecting SMBs to capital in the region.

Data 193

Data Lending Capital social media 193

PYMNTS

FEBRUARY 13, 2017

Things went off the rails, not surprisingly, in 2008 — courtesy of the financial crisis. More businesses opened than closed — until 2008. In the aftermath of 2008, only 20 counties — most of them rimming major cities and tech hubs — drove 50 percent of small business formation. The mix of these businesses is also very different.

Retail 134

Retail Innovation Maine Online 134

PYMNTS

APRIL 2, 2020

Restrictions on movement may soon be back in effect, said Wang, as Chinese nationals are repatriating from parts of the world where COVID-19 is on an upswing, not a downswing, and there is a concern about them re-igniting another wave of outbreaks. One example is all of the firms that have flipped to making medical masks almost overnight.

Examples 217

Examples Online Regional National 217

PYMNTS

APRIL 2, 2020

Formed in 2008, Green Goo is a women-owned, family-operated company that started out making organic soaps, hand creams, lip balm and first aid salves for friends and family. After receiving a round of funding from an angel investor, Green Goo has just hired regional sales executives and a marketing team.

Colorado 131

Colorado US Branding Regional 131

BankUnderground

NOVEMBER 23, 2023

In fact, spreads have been very narrow since 2021 and the last time spreads were at today’s levels was probably in 2008, which is before the official data began. We build a snapshot of the mortgage market by modelling how much principal people have paid down since origination and how house prices have evolved in their region.

Policies 135

Policies Analysis Comparison Regional 135

PYMNTS

AUGUST 25, 2016

Though small businesses have suffered from a gap in financing availability post-2008, the demographic continues to shape the financial markets. in particular, a cross-section of states that CEO Douglas Bystry says has its own unique demands and impacts on regional economies. A Regional Reach.

Regulation 100

Regulation Lending Community California 100

Jeff For Banks

DECEMBER 12, 2016

Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. It is a turnaround story because the bank was hammered with credit problems between 2008-11, when it lost over $200 million. It's size today, at $2.5 billion in assets, is smaller than it was a decade ago.

North Dakota 60

North Dakota Minnesota West Virginia Arizona 60

Jeff For Banks

DECEMBER 12, 2017

The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. It is a turnaround story because the bank was hammered with credit problems between 2008-11, when it lost over $200 million.

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

Jeff For Banks

MARCH 21, 2024

Our lives changed forever from this whole experience of the government’s declaration of a national emergency, leading to forced shutdowns of businesses and schools, mandated mask wearing, forcing 6-foot distances between people, travel restrictions, fear mongering with case and death counts, and forced vaccines/boosters. Oh, brother!

Marketing 143

Marketing Policies Report Atlanta 143

NCR

JULY 19, 2016

Since the economic crisis in 2008, nearly 5,000 U.S. Recently we’ve seen more financial institutions at the regional, national and multi-national level, make strides toward digital innovation. The renaissance in retail banking is here, and not a moment too soon. So, what’s there to lose?

Innovation 40

Innovation Customer Experience Retail National 40

American Banker

SEPTEMBER 30, 2016

Bancorp has agreed to settle a lawsuit that claimed it neglected to maintain foreclosed properties in Southern California after the 2008 financial crisis.

California 28

California CA Regional National 28

PYMNTS

JUNE 16, 2016

Android’s gains continued in several regions, including the EU5, U.S. Developed nations, by and large, have reached all the new users there are to reach. Consumers spent $20 billion on average in Apple’s App Store last year alone and $40 billion since it was launched in 2008. percent and a somewhat smaller share of 67.6

Apple 100

Apple Marketing United States Mobile 100

American Banker

MAY 20, 2016

trillion peak posted in July 2008. As Columbia Law School professor Robert Jackson noted in an op-ed on Thursday, there needs to be a source of real competition for the credit-card pushers, namely online marketplace lenders, so consumers with below-average credit scores can have access to credit at somewhat reasonable rates. The…

Cards 37

Cards Lending Online Regional 37

FICO

FEBRUARY 1, 2023

But among the critical learnings from the 2008 global financial crisis was the importance of flagging and helping at-risk and pre-delinquent borrowers as soon as possible to prevent financial disaster — especially when their deteriorating financial position was being influenced and undermined by a mix of external factors.

Management 52

Management Fraud Strategy Analysis 52

American Banker

MARCH 7, 2016

Citigroup executives involved in the issuance of residential mortgage-backed securities at the center of the 2008 financial crisis will not be facing criminal charges for selling toxic bonds, U.S. authorities have determined.

Security 28

Security Regional National Regulation 28

American Banker

APRIL 11, 2016

Williams has been on Fifth Third's board since 2008. Marsha Williams' appointment at the $141 billion-asset company takes effect immediately.

Company 28

Company Regional National 28

American Banker

MAY 24, 2016

A three-judge panel said federal prosecutors failed to prove Countrywide Financial, later acquired by B of A, had defrauded Fannie Mae and Freddie Mac when it sold them troubled loans in 2007 and 2008. While it found Countrywide knew it was selling faulty loans there was a lack of evidence of intent to deceive at…

Security 31

Security America Regional National 31

American Banker

JUNE 1, 2016

But it's not necessarily a return to the salad days of pre-2008. Receiving Wide Coverage. Return to Form?: Community banks are doing very well, thank you very much, Mr. Dimon.

Community Bank 28

Community Bank Community Industry Regional 28

American Banker

APRIL 22, 2016

Wall Street's Pay Crackdown: Regulators have put forth a proposal to revamp how bankers are paid, a long awaited response following the 2008 financial crisis. Receiving Wide Coverage. Caught firmly in the crosshairs of the newly proposed rules are bonuses.

Regulation 28

Regulation Regional National 28

American Banker

MARCH 29, 2016

On March 12, 2008, Faber famously asked Bear Stearns chief Alan Schwartz in an interview broadcast by the network to respond regarding reports that Goldman Sachs had refused to…

Report 28

Report Regional National 28

FICO

AUGUST 10, 2022

The mortgage market affordability test was introduced in the aftermath of the 2008 global financial crisis. Matt Cox is vice president and general manager of Europe, the Middle East and Africa for FICO, overseeing operations across the region. Affordability Assessments and Unrestrained Lending. Matt Cox. See all Posts.

Lending 52

Lending Fraud Meeting Data 52

Jessica Ellerm

FEBRUARY 25, 2016

On Wednesday Australia’s Prime Minister Malcolm Turnbull and Treasurer Scott Morrison jointly announced the launch of a new fintech advisory panel, bringing together bankers and fintech leaders alike, and tasking its members with the job of making Australia the leading force in financial technology within the APAC region.

Fintech 40

Fintech Lending US Policies 40

CB Insights

DECEMBER 7, 2017

Quicken Loans founder Dan Gilbert’s innovation in mortgages was to assign regional-specific loan application reviewers, who familiarized themselves with the regulations of certain geographies. This helped navigate fragmented regional regulations. Of that age group, 98% financed their home purchase.

Millennials 69

Millennials Lending United States Technology 69

CB Insights

NOVEMBER 22, 2017

But American seas are newly open for business: The National Oceanic and Atmospheric Administration announced a rule in 2016 that allows for large-scale fish farming in federally controlled waters three or more miles offshore. For now, it appears offshore US fish farming will only be allowed in the Gulf Coast.). link] [link].

Study 45

Study Operations Regulation Regional 45

BankUnderground

APRIL 6, 2022

Most firms involved in GSCs are aware of idiosyncratic shocks – those which affect single sectors or factories in single nations. From the 1990s until recently, shocks rarely involved many sectors/nations simultaneously. Even though the pandemic waxed and waned regionally it has been global in nature. These are frequent.

Policies 121

Policies National Analysis System 121

Fintech Labs Insights

AUGUST 22, 2024

Lendsmart: AI-driven platform streamlining home lending processes, new partnerships with regional banks. UBank (by National Australia Bank): Continued innovation in digital banking services. Spring 2008 (San Francisco): First ROI (now BancVue): Continued to support community banks before rebranding as Kasasa.

San Francisco 15

San Francisco New York San Jose Tools 15

CB Insights

APRIL 17, 2018

After nearly four-and-a-half years with Google and some investment experience, Brian joined Founders Fund as a Principal in 2008. Education: Stanford University (MBA), Australian National University (BA/BSC). Along the way, he started a small investment fund called XGYC (exGoogle, Y Combinator) to invest in early-stage startups.

San Francisco 71

San Francisco CA Capital Operations 71

Gonzobanker

DECEMBER 19, 2022

2008 called and wants its headlines back. Benson Porter, Boeing Employees CreditUnion – Porter led BECU through an amazing streak of growth in the Pacific Northwest, all while building an innovative, stakeholder-driven brand respected nationally. FIS wins Valley National with IBS platform. Goes to Sen. talent market.

Community 216

Community Fintech Industry Innovation 216

CB Insights

MARCH 6, 2019

A healthy culture of dissent may have helped the company focus on its product issues before they became a national scandal, but workers who raised red flags were ignored and, if they persisted, asked to leave the company. Theranos’ failure also supports the age-old adage: Absolute power corrupts absolutely. The rise and fall of Klout.

Report 78

Report San Francisco Capital Company 78

CB Insights

DECEMBER 4, 2019

Although Bill Me Later was quickly scooped up by PayPal in 2008, Amazon has remained focused on reducing payment friction for customers. The regions involved in the initial pilot included Colombia, Chile, Hong Kong, Kenya, Indonesia, Malaysia, the Philippines, Peru, Taiwan, and Thailand. US households, composed of 14.1M adults and 6.4M

Cards 101

Cards Lending Strategy US 101