Posts by Matthew Stichnoth
Tom Brown’s Banking Weekly 9/6/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 35 TOM BROWN’S BANKING WEEKLY: 9/6/24 Financial Services Insights and Intelligence FIRST WORD: Seekr Technologies offers solutions to the growing problem of “credible” misinformation and lies. This week Seekr Technologies CEO Pat Condo and COO Doug Dubiel visited me to discuss the…
Read MoreTom Brown’s Banking Weekly 8/30/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 34 TOM BROWN’S BANKING WEEKLY: 8/30/24 Financial Services Insights and Intelligence FIRST WORD: Why do the economies of processing scale lose to the diseconomies of management scale? Over the years I have witnessed a countless number of great banking companies deteriorate into…
Read MoreTom Brown’s Banking Weekly 8/23/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 33 TOM BROWN’S BANKING WEEKLY: 8/23/24 Financial Services Insights and Intelligence FIRST WORD: Why United Community succeeds with acquisitions. The facts show that the majority of large bank acquisitions destroy value for the shareholders of the acquirors. There are many reasons,…
Read MoreTom Brown’s Banking Weekly 8/16/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 32 TOM BROWN’S BANKING WEEKLY: 8/16/24 Financial Services Insights and Intelligence FIRST WORD: Observations from a successful bank acquiror. I’ve written for decades about the fact that most large bank acquisitions destroy value for the acquirors’ shareholders. This holds true for all…
Read MoreTom Brown’s Banking Weekly 8/9/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 31 TOM BROWN’S BANKING WEEKLY: 8/9/24 Financial Services Insights and Intelligence FIRST WORD: A conversation with an upbeat Brian Moynihan (Part 2). Last week in Part 1 of the summary of my discussion with Bank of America CEO Brian Moynihan, I…
Read MoreTom Brown’s Banking Weekly 8/2/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 30 TOM BROWN’S BANKING WEEKLY: 8/2/24 Financial Services Insights and Intelligence FIRST WORD: A chat with an upbeat Brian Moynihan (Part 1 of 2). Last Thursday, I met with Bank of America CEO Brian Moynihan in his New York office. He is…
Read MoreTom Brown’s Banking Weekly 7/26/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 29 TOM BROWN’S BANKING WEEKLY: 7/26/24 Financial Services Insights and Intelligence FIRST WORD: Thoughts from Galileo CEO Derek White. Galileo is a financial services technology platform used by many banks. Derek While became CEO in 2021 after a very successful career at Google. He…
Read MoreTom Brown’s Banking Weekly 7/19/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 28 TOM BROWN’S BANKING WEEKLY: 7/19/24 Financial Services Insights and Intelligence FIRST WORD: Nigel Morris’s assessment of fintechs in the current environment. I have long thought the world of Capital One co-founder Nigel Morris, to the point that when I started…
Read MoreTom Brown’s Banking Weekly 7/12/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 27 TOM BROWN’S BANKING WEEKLY: 7/12/24 Financial Services Insights and Intelligence FIRST WORD: First Foundation, Inc. raises “convenient capital” at “survival capital” prices. On Tuesday, Dallas-based First Foundation, Inc., $13 billion in assets, announced a plan to raise $228 million in capital…
Read MoreTom Brown’s Banking Weekly 7/5/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 26 TOM BROWN’S BANKING WEEKLY: 7/5/24 Financial Services Insights and Intelligence FIRST WORD: Sitting down with Jamie Dimon. Last week I travelled to Manhattan for a series of meetings, one of which was with Jamie Dimon. I have known Dimon for over 30…
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