by Brian Pillmore | Nov 10, 2022 | Banks, News
By: Ken Chase. The Federal Reserve’s November 2022 Financial Stability Report was released on Friday and suggested that the nation’s banks are well-capitalized to manage potential shocks to the U.S. economy. However, the report cited a number of worrying...
by Brian Pillmore | Nov 10, 2022 | Banks, News
By: Ken Chase Estimated reading time: 2 minutes JPMorgan Chase has revealed that it is piloting a new platform designed to help landlords and property managers invoice and receive rental payments. Commercial banking division chief innovation officer Sam Yen confirmed...
by Brian Pillmore | Oct 20, 2022 | Brian's Blog
Estimated reading time: 2 minutes Did you see the latest fine that the SEC dished out? The U.S. Securities and Exchange Commission SEC confirmed this week that it has levied a $35 million penalty against Morgan Stanley Smith Barney related to the firm’s failure to...
by Brian Pillmore | Oct 6, 2022 | Brian's Blog
Estimated reading time: 2 minutes “Why?” I said. He pulled out a piece of scrap paper. 3 lines was all it took. It was simple math. 1. The trucking business currently has a balance sheet leverage of 5.5x ($30M of Debt to $5.45M of Tangible Net Worth). We...
by Brian Pillmore | Sep 21, 2022 | Brian's Blog
Estimated reading time: 2 minutes An experienced chief risk officer told me once, “Deposits are the inventory of banks.” A good friend and business partner in the retail business (cigars and whiskey, fun!) told me, “You can’t sell what you...
