by Brian Pillmore | Jul 7, 2023 | Brian's Blog
Let’s tackle the elephant in the room: high vacancy rates in office buildings, especially in major metros like NYC. It’s clear – change is inevitable. But how bad will it hit the banks? You’re a bank. Five years ago, you invested $4.5M in a...
by Brian Pillmore | Jul 5, 2023 | Brian's Blog
Did you know just 33 banks, out of thousands, control over 70% of the U.S. banking industry? Talk about the ultimate power club! 💰 In Q1, 2023, the “Big Four” held 39% of all assets, while the next tier of banks held another 18%. Together, that’s 57%...
by Brian Pillmore | Jul 5, 2023 | Brian's Blog
Read on… Monzo, a UK Neobank, recently struck gold with profitability – a headline grabber! 🎯Monzo, along with most UK Neobanks, stands unique, holding a banking license. Odd one out? Revolut! They’ve been trailblazing without a banking license,...
by Brian Pillmore | Jul 1, 2023 | Brian's Blog
Credit unions—mutual, cooperative, and tax-different—steer clear of traditional shareholder models. They prioritize consumers, lending mostly to individuals rather than companies. But will this shield them during a banking crisis? Owned by their members, they operate...
by Brian Pillmore | Jun 30, 2023 | Brian's Blog
Schiff argues that the sneaky low-interest rates banks offer on our hard-earned savings and checking accounts, compared to the lofty Fed Funds rate, may be a major culprit. “It’s insolvent and would collapse without government backstops.” But is there more to the...
