Remove FDIC Remove Groups Remove Leadership
article thumbnail

Chime Commands $1.5B Valuation After Capital Raise

PYMNTS

According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. The company also plans to double its size to more than 200 employees and expand its leadership team.

Capital 116
article thumbnail

Populus Financial Group moves for dismissal of CFPB lawsuit and stay pending Fifth Circuit decision

CFPB Monitor

Populus Financial Group, Inc., Populus contrasts the narrower missions and authority of the Federal Reserve, FDIC, and OCC, which are also self-funded. With regard to the Federal Reserve and FDIC, Populus distinguishes their multimember, bi-partisan leadership structure.

Groups 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Notably, most community banks’ duration risk is in the loan portfolio.

article thumbnail

Environmental, Social and Governance (ESG) and Climate Risk Investing – You must be kidding me?!

Perficient

Governance factors focus on the organization’s leadership, transparency, accountability, and adherence to ethical business practices.” Social factors consider a company’s treatment of employees, diversity and inclusion practices, community relations, and involvement in socially responsible initiatives.

article thumbnail

The Death of the Community Bank

Jeff For Banks

Eighteen percent of that group opened an account at a digital bank. When I made that speech in 2008, there were approximately 8,500 FDIC-insured financial institutions and today that is around 5,000, a 40% decline. In the words of FDIC Chair Jelena McWilliams, community banks were the economic first responders during the pandemic.

article thumbnail

Bankers: Are We Accountable?

Jeff For Banks

Twenty years ago there were 14,000 FDIC-insured financial institutions. accountability bank leadership bank profitability credit union leadership credit union profitability Jeff Marsico Kafafian Group management accounting management information' Today that number is cut in half. The reasons are many.

article thumbnail

Fraud prevention and detection: Empowering clients through education

Abrigo

These events are a great way to show leadership and support to the community while having face time with customers, members, and prospects and maximizing time spent. Educational material can be broadly focused on fraud prevention or target groups specifically vulnerable, such as older adults or younger people.

Fraud 195