by Brian Pillmore | Jul 11, 2023 | Brian's Blog
Nope, not happening! Banking’s like magic, always whipping up fresh tricks. It’s saying ‘hi’ to the unbanked, and lending? Remodeled with cool ideas boosting capital access. Heard of alternative credit scoring? It’s a game-changer, using...
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...
