by Brian Pillmore | Mar 20, 2023 | Brian's Blog
Estimated reading time: 2 minutes There are 2 primary reasons: 1️⃣ Higher rates slow the economy2️⃣ The Federal Budget Deficit is too high The entire goal of raising interest rates is to slow the economy, make money more expensive, reduce spending, and therefore...
by Brian Pillmore | Mar 20, 2023 | Brian's Blog
Estimated reading time: 2 minutes Especially in banking.And that’s exactly what got Wells Fargo into hot water.You probably remember 2013 and the chaos surrounding Wells Fargo.“8 is great” surfaced as their internal slogan.Employees were told to push all customers to...
by Brian Pillmore | Mar 18, 2023 | Brian's Blog
Estimated reading time: 2 minutes And no one seems to be talking about it. More and more businesses are relying HEAVILY on APIs that they don’t own, control, or even understand how they work. Input into the black box → Result returned. And that…Is what we call...
by Brian Pillmore | Mar 18, 2023 | Brian's Blog
Estimated reading time: 2 minutes Let’s not shift the blame – assign blame exactly where it belongs. The decisions that led to this point – based on financial analysis, appear to have started in 2019. The leadership of the bank, met with ~$20B per...
by Brian Pillmore | Mar 17, 2023 | Brian's Blog
Estimated reading time: 1 minute It’s that singles and a focus on the fundamentals. consistency In baseball it’s ✅ Bunting✅ Base hits✅Moving runners✅Throwing strikes In banking it’s ✅ Making loans✅ Taking deposits✅ Customer service consistency✅ Providing treasury...
