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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct. The OCC on Oct.

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Longevity Lessons From The Oldest US Credit Union

PYMNTS

Mary’s Bank of Manchester, New Hampshire, holds the distinction of being the nation’s first and oldest credit union. Membership could be obtained by spending five dollars on a share of capital stock. Mary’s was initially chartered in 1909 by the New Hampshire legislature. Founded in 1908, St. For its part, St.

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Why No De Novo Banks? Math.

Jeff For Banks

Conventional wisdom puts the blame on regulators. The regulators deny this. If a bank has a business model that is unique, or serves a narrow constituency, regulators push back in the name of concentration risk, or untried business models. Today, regulators still favor plain old business models. Not so today.

FDIC 60
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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

Brown, instead of managers getting stock options or guaranteed bonuses, every manager got paid $7,800 a year (the equivalent of about $14,500 today), plus “a designated percentage of the profits of the company after these are reduced by a charge for capital employed.”. The result of this type of plan was to make each manager at H.

Omaha 78
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Why It’s Time To Come Down On Bitcoin

PYMNTS

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. She was awarded the Presidential Medal of Freedom from President John F. Kennedy in 1962.

Bitcoin 155