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Tom Brown’s Banking Weekly 11/25/20

By Matthew Stichnoth / / Comments Off on Tom Brown’s Banking Weekly 11/25/20

–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute in Any Way– Vol. V, No. 48 TOM BROWN’S BANKING WEEKLY: 11/25/20 Financial Services Insights and Intelligence FIRST WORD: Catching up with PNC’s Bill Demchak. One of the few people in the financial services industry who may look back on 2020 as actually being a good year…

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Tom Brown’s Banking Weekly 11/20/20

By Matthew Stichnoth / / Comments Off on Tom Brown’s Banking Weekly 11/20/20

–Copyrighted Material; Do Not Redistribute– Vol. V, No. 47 TOM BROWN’S BANKING WEEKLY: 11/20/20 Financial Services Insights and Intelligence FIRST WORD: A banking roundup. Over the past ten days, I’ve enjoyed one-on-one discussions with eleven bank CEOs (from institutions ranging in size from $1 billion to $200 billion), three fintech CEOs, and one consumer finance company…

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Tom Brown’s Banking Weekly 11/13/20

By Matthew Stichnoth / / Comments Off on Tom Brown’s Banking Weekly 11/13/20

Vol. V, No. 46 TOM BROWN’S BANKING WEEKLY: 11/13/20 Financial Services Insights and Intelligence FIRST WORD: My conversation with the FASB staff.  As I mentioned a few weeks ago, the FASB has a new chairman, Rick Jones, who is actually taking seriously the FASB’s mandate to do a post-implementation review of the CECL accounting standard. I…

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Tom Brown’s Banking Weekly 11/6/20

By Matthew Stichnoth / / Comments Off on Tom Brown’s Banking Weekly 11/6/20

Vol. V, No. 45 TOM BROWN’S BANKING WEEKLY: 11/6/20 Financial Services Insights and Intelligence FIRST WORD: What’s up at CardWorks? CardWorks is the second-largest issuer of subprime credit cards. Back in February, recall, the company announced it had agreed to be acquired by Ally for $2.6 billion. Wall Street analysts and investors, who are so often wrong…

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Tom Brown’s Banking Weekly 10/30/20

By Matthew Stichnoth / / Comments Off on Tom Brown’s Banking Weekly 10/30/20

Vol. V, No. 44 TOM BROWN’S BANKING WEEKLY: 10/30/20 Financial Services Insights and Intelligence FIRST WORD: Curo Group and Regional Management are two subprime branch-based and online consumer finance companies, with Curo going lower on the credit spectrum than Regional. Both companies reported their third-quarter earnings results after the close last night, and the results confirm…

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Tom Brown’s Banking Weekly 10/23/20

By Matthew Stichnoth / / Comments Off on Tom Brown’s Banking Weekly 10/23/20

Vol. V, No. 43 TOM BROWN’S BANKING WEEKLY: 10/23/20 Financial Services Insights and Intelligence FIRST WORD: Thoughts from a board presentation. Last week I gave a Zoom presentation to the board of directors of a good size regional bank. Despite the difficulties created by all the participants being connected remotely, I was very impressed by how…

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Tom Brown’s Banking Weekly 10/16/20

By Matthew Stichnoth / / Comments Off on Tom Brown’s Banking Weekly 10/16/20

Vol. V, No. 42 TOM BROWN’S BANKING WEEKLY: 10/16/20 Financial Services Insights and Intelligence FIRST WORD: Insights from Jamie Dimon and the JPMorgan Chase earnings conference call. I’ve always enjoyed listening to JPMorgan Chase’s quarterly earnings calls in particular. They are highly informative, time-efficient, and, since analysts on his call in particular can be counted…

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Tom Brown’s Banking Weekly 10/9/20

By Matthew Stichnoth / / Comments Off on Tom Brown’s Banking Weekly 10/9/20

Vol. V, No. 41 TOM BROWN’S BANKING WEEKLY: 10/9/20 Financial Services Insights and Intelligence FIRST WORD: Retail banking customers’ behavior. Retail customers of community banks are interacting differently with their primary financial institution (PFI) than are the retail customers of the largest banks and most digitally forward regional banks. In particular, during the pandemic and recession, customers…

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Tom Brown’s Banking Weekly 10/2/20

By Matthew Stichnoth / / Comments Off on Tom Brown’s Banking Weekly 10/2/20

Vol. V, No. 40 TOM BROWN’S BANKING WEEKLY: 10/2/20 Financial Services Insights and Intelligence FIRST WORD: Kudos to the CBA for its virtual conference.  For the last several years, the annual CBA Live, put on by the Consumer Bankers Association, has been one of my favorite conference events. I was prepared to join 1,700 others in…

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Tom Brown’s Banking Weekly 9/25/20

By Matthew Stichnoth / / Comments Off on Tom Brown’s Banking Weekly 9/25/20

Vol. V, No. 39 TOM BROWN’S BANKING WEEKLY: 9/25/20 Financial Services Insights and Intelligence FIRST WORD: New York Community Bank and its unique position.  There are other banking companies that have some of the same unusual aspects of New York Community Bank, but not another that has the whole package, or is nearly as large…

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