SVB Rebrand Risks Losing Loyal Customers and Mission
Call me old school, but I'm not thrilled about the rebrand of SVB>>First Citizens. I know the *why*, but pretty sure that severing that connection to the past and the history of Silicon Valley is going to cause customer flight. We chose to stay with SVB personally and professionally, because it was a unique mission. This feels like the end of that, which is sad. Super obvious why all the bankers are landing at Chase and HSBC and taking all the business.
Private Credit Masks Volatility, Echoes 2008 Shadow Banking
Private credit may hide volatility, but hiding it doesn't make it disappear. We learned that lesson with shadow banks in 2008. Is private credit just shadow banking with a new name? Partly yes, partly no. The honest answer is rarely...
Banks Pay Homeowners To
Banks are now PAYING homeowners to move if they get rid of their mortgage? You can get a massive principal balance reduction if you give up a super low-rate mortgage and buy a replacement home at today's rates. The DREAM (Discount for...
JPMorgan’s Private‑credit Playbook: Inflate Rates, Warn
The JPMorgan private credit playbook this month: 1. Raise back-leverage rates 50-150bps. 2. Mark down the collateral. 3. Tell the press the asset class is risky. 4. Launch your own fund. The warnings were always going to end in a product launch.
Private Credit Strain May Tighten Liquidity, but 2008 Repeat Unlikely
Due to faulty marketing targeting inexperienced retail investors, private credit problems are making headlines. With the headlines, broader financial system confidence and sentiment are in play. If private credit concerns spread, liquidity in the traditional and shadow banking...
Stablecoins Dominate This Year's Merchant Payments Ecosystem
Great chatting with @IgorTomych at @FintechGarden again, stablecoins was one of the biggest topics covered at Merchant Payments Ecosystem this year, and it's easy to see why with so much going on in the space... Listen in on YouTube 👉 https://t.co/yW228At80A
G
A bit more on the GCC swap line puzzle (why the ask, and why is Bessent apparently keen to say yes to a set of countries with tons of assets) There doesn't seem to be any shortage of good collateral (Treasuries)...
BMO Launches Governance-First Institute for AI and Quantum
BMO Centralizes AI and Quantum Efforts Into Governance-First Institute to Scale Responsible Innovation Launched enterprise-wide institute for applied AI + quantum technologies. Coordinates expertise: data science, governance, ethics, commercialisation. Goals: accelerate responsible AI adoption, improve client experience, boost operational efficiency, develop...
Mortgage Rates Poised to Climb Despite Low Oil
I find it interesting how many people think mortgage rates won't up from here. Despite $100 a barrel oil, total unknowns in the Middle East, and the fact that mortgage rates are historically HIGHEST in the months of May and June. Seems...
Leverage Like Banks: Build Wealth Through Real Estate
Banks have been using leverage to build wealth for 200 years. They lend money to people who buy assets that go up in value. They've been running the real estate playbook on you. Time to run it yourself.
ECB Fuels US‑payment Paranoia to Accelerate Digital Euro
ECB's Piero Cipollone is currently being grilled by Nicolas Veron on the digital euro in a refreshingly sharp way. Veron just pointed out that the ECB's paranoia about the US payment companies pulling out of Europe is somewhat far-fetched, to...
Winning the Attention War Redefines Banking
[New Episode] How to Win the Attention War: Why Banking Will Never Be the Same. Interview with @AlexH_Johnson of @FintechTakes & @MaryMWisniewski of @CstoneAdvisors. Watch the latest episode: https://t.co/KgtYKWsdlp https://t.co/1YoAmwYkAd
U.S. Finance Law: If You Can Stop Crime, You Must
The simple understanding of American financial regulation is If you have the ability to stop/prevent crime, you must do so
AML/KYC Tripwires Generate Crimes to Aid Prosecutors
A thing I once said about AML/KYC functioning as tripwires with the explicit intention that the process crimes they create would make life easier for prosecutors. https://t.co/smfT68BVSb
Prepare for Agentic AI: When Agents Talk to Agents
The question isn't if you'll use Agentic AI—it’s how you’ll handle it when your customers’ AI agents start talking to your AI agents. 🤖💬 91% of leaders are already seeing AI-driven crime. The "manual" era is over. Join @twifintech x @Alloy on...
95% of Financial Firms Struggle to Build Effective AI
From FICO, not MIT: Nearly 95% of organizations are having a difficult time developing AI systems that serve the needs they were designed to address. The study is based on 254 C-suite leaders in financial enterprises around the world. via...
Branches Remain Essential Where Trust and Community Matter
The argument against branches is clear. They are expensive. Digital competitors do not carry that cost. But what happens in markets where branches are still central to trust, community presence, and complex financial decisions? Watch the full episode now: https://t.co/Lg9jRpKff4...
Private Credit Drowning in Bad AI‑Focused Loans
FT summing up a recent Sona report: "Private credit is full of cruddy loans issued by companies that couldn’t get financed anywhere else, and assembled haphazardly into rattlebags, rather than carefully constructed portfolios, by dealmakers (cosplaying as managers) who get...
AI Triggers Mortgage Rate Cycle: Unemployment, Inflation, Then Recovery
Pondering how AI might affect mortgage rates. My thought is it leads to higher unemployment initially, which typically results in lower rates. But it's "structural," so Fed lowering rates won't lead to more hiring if people aren't skilled. Rates are mostly...
AI Forces Firms to Rethink Build‑vs‑buy Decisions
One of the more interesting comments from a recent roundtable: A large financial institution is re-evaluating build vs buy across their entire stack because of AI assisted development. Including major SaaS platforms. Are you rethinking this right now? Does AI truly change...
US Banks' Unrealized Losses Halve to $306 B
Rephrased: US banks are facing unrealized losses of $300B, down from $700B in 2023. For context, those US banks have around $25,000B in assets and $2,600B in equity capital.
Follow Dan
This is along the lines of what @DanAwrey has recommended, rather than relying on OCC Trust charters and skinny Fed master accounts. https://t.co/2MP5UWLpHM
Penalizing Private Firms for “Debanking” Is Just a Fad
Wanting the government to penalize private businesses for rejecting certain customers (aka being worried about "debanking") is itself a fad
Banks Must Balance Digital Speed with Human Service
The key for banks is finding the right balance between digital convenience and the human touch. https://t.co/62qDI7uerN
Senate Banking Hearing Features Surprisingly Informed Questions
Listening to the various questions in Warsh's Senate Banking testimony, I'm impressed by the quality of the questions . Sure, there's political theater, but so far, questions are well informed. I can't say that about some other Committees.
Peach State Bank Merges Into UCB at 194% Book
Peach State Bank in Gainesville is merging into $UCB at 194% of tangible book. https://t.co/7wB9sFCL0n
Citizens Bank Deploys Human‑AI Teams for Consultative Branches
Citizens Bank: Human-AI Teams Turn Branches From Transactional to Consultative AI tools to help staff: find policies, prepare customer summaries (history + sentiment + life events), suggest vetted next-best actions. Appointed branch distribution transformation lead = physical design + roles...
Designer as Ideal Customer Sparks Joyful Employee Pilot
Our lead designer on kids’ accounts (@bradwrage) also happens to be our ideal customer. It has been so fun to watch the excitement and joy during the employee pilot. 💚
Nominee Vows to Sell Undisclosed Assets Amid Ethics Probe
Warren: it's critical that the next Fed chair has no financial conflicts. Do any of your non-disclosed holdings invest in companies affiliated with Trump or his family businesses or Epstein. Warsh: I've worked with the government ethics office. Warren: are you refusing...
Cash App Launches Kid‑friendly Accounts for Ages 6‑12
Today, we're launching Cash App accounts for kids age 6-12. Parents manage the accounts. Kids get to learn about safety, start saving for goals, and design and use their own debit card. Next generation banking never looked so good. Proud...
Enterprise Clients Go Live; Advisory Services Launched
Enterprises lime @DoorDash @CoastalBankWA and @arq_finance are now Live on Tempo. In production. And we launched our advisory arm. Ever wanted a stablecoin strategy or engineering support to deliver? We're here to help.
Banker Quits Lucrative Job for Peace over Pressure
A 24-year-old banker earning ₹17 lakh per annum… still quit A young banker, Chirag Madaan, left his high-paying job. Not for money but for peace. Today, a banking job often means sales pressure. Every month comes with big targets. Products include insurance, mutual funds, and...
Kevin Warsh Pushes Decade-Long Fed Chair Bid
JUST IN: Kevin Warsh advances his 10-year pursuit of the Federal Reserve's top position with an appearance at the Senate Banking Committee hearing.
Visa, TikTok Debut Debit Card for UK Live Creators
Visa and TikTok just launched a debit card for UK LIVE creators. This is way more fascinating than it seems at first glance. To understand that you need to understand LIVE Gifting, and the card business model. https://t.co/6fRWRKaP7Z
Focus on Risk‑return, Not Fancy Financial Engineering
Financial engineering does not make a good product Risk always comes back It’s boring to say but this is why you focus on risk vs return and create allocations
JPMorgan's 20% Deposit Share Raises Succession Concerns
JP Morgan dominates Wall Street in a way no other bank ever has. One single institution now holds 20 percent of all US banking deposits. And the person behind this empire is Jamie Dimon, a CEO who has shaped modern...
Coinbase Launches Yield‑bearing Stablecoins, Keeping Deposits Intact
Nailed it: Coinbase offers yield-bearing stablecoins today and deposits are not displaced "This debate is stupid" @AlexH_Johnson https://t.co/Lz7T1WdQTT
We Won: New EU Banking Permit Prioritizes User Safety
Challenging Regulators: Our Bold Fight for User Safety 💪 | In conversation with Ali Niknam, founder and CEO of bunq. |Davos WEF 2026 🇨🇭 — Enjoy the full video here: 👉 https://t.co/SL8iK4Wuvc 💬 We challenged regulators to put user interests first,...
Malaysian Banks Rally, Need Re‑rating to Match Regional Peers
Bank stocks seeing follow thru from yesterday. •Bursa Finance Index highest in 3wks, >20K •CIMB & Public highest since end-March. •Mid-sized RHB & AM up >1% •Still attractive DY >5%, ~1.1x PBV (large banks) As discussed recently, Malaysia’s KLCI NEEDS the banks to re-rate...
Bank of Maharashtra Profit Surges 35% YoY
Profit jumps nearly 35%! 📈 This PSU bank just delivered strong Q4 numbers.Bank of Maharashtra reported net profit of ₹2,014 crore, up 34.9% YoY.
Presenting the New ABCs of Digital Identity
Excited to be hitting the Inner Forum Stage at #Money2020EU today to discuss 'The New ABCs of Digital Identity - Access, Business, and Consent'. See you at 16:00! @chyppings @money2020 #Money2020Asia
Texas Regional Bank Stunned by $20M Fraud Loss
First Financial ($FFIN) is a very well regarded Texas regional bank. They have a long term pristine credit record and they have deep local links. Then last year they took a one-off charge >$20m on a single commercial fraud. I am...
Canton Network Secures Major Tokenized JGB Deals
😎 "We didn't do a pre-mine, we didn't publish all these white papers. We just very quietly executed, and now we're signing all these deals. "Today we signed deals around with Mizuho and Nomura and JPX around tokenized JGBs." --...
Mortgage Rates Drop 0.57% YoY, Spread Widens
The average 30-year fixed mortgage rate today: 6.30% Same day last year: 6.87% --------------- 10-year Treasury yield: 4.26 Spread today: 204 bps
2026 Tech Trends Highlight Agentic Identity Access Management
JP Morgan Chase top 20 technology trends for 2026 (hat tip Rich Turrin) https://t.co/bAPTUD5kVv "Agentic identity access management" https://t.co/5TchYZDOlS
Amex Tempts Business Platinum Users With Nearly 1M Points
Amex Is Offering Some Business Platinum Cardholders Nearly 1 Million Points To Keep Spending - View from the Wing https://t.co/sDHPuiLH8b
Joining Backbase to Drive Core Industry Transformation Together
I am joining Backbase as a Strategic Industry Advisor. The transformation of our industry requires a major shift at the core of the business. We need to work together to accomplish this. https://t.co/yq1jt7W0lJ
Seamless Online‑Offline Experience Is Now Expected
Customers expect continuity. Start online, finish offline, or vice versa. Seamless engagement is now the baseline. 📖 Learn how branches evolve in Branch Tomorrow: https://t.co/7yibAIVrHK https://t.co/X9AbSlAL8L
Bank Keeps AI Lending Tight, Exposure Under 1%
One bank’s approach to lending in the tech space. From Fifth Third Bank conference call Friday: “On software and data center lending, we have maintained that same disciplined posture. We believe in the long demand for AI infrastructure, but we have...
Harvard's $9B Interchange Fee Claim Is Incorrect
A new Harvard report claims credit card interchange fees result in an annual transfer of $9 billion from lower- to higher-income consumers. The report is wrong. Here's why: https://t.co/I2oIrt10rc