The rumors are true! Today is the first day I get to use my new title, Banking and Fintech Editor at @bankdirector. This title reflects the direction of my curiosity and interest in banking — how technology and digital capabilities are changing banking and banks!
If you’re a man, and work for a company that puts its logo on a polo shirt, AND you’re flying: do they force you to wear the polo? Do they pay you? Do you not own any other polo shirts?
For my accounting nerd friends out there: Tesla is going to account for its Bitcoin holdings as intangible assets-goodwill! Our favorite! In my wildest dreams, this is not how i envisioned this line item being used.
Today is my last day at @BankDirector. It has been my great honor to bring you all sorts of stories about banks through some truly interesting times. If you were one of my sources, readers, panelists or colleagues: thank you.
Can’t wait to share with you what’s next!
Hello! It is my great pleasure to announce I am joining
my friend @AlexH_Johnson at the @FintechTakes Network, writing and podcasting about all things banking!
Acting Comptroller Hsu said the OCC identified at least 10 banks it regulates that have partnerships with ~50 fintechs; they believe there's a similar amount at FDIC/Fed regulated banks.
"The vast majority ... have total assets below $10B; nearly 1/5 have total assets >$1B."
Interesting things from the @federalreserve's material loss review on Heartland Tri-State Bank, which failed in 2023 as a result of CEO embezzlement due to a "pig butchering" crypto scam.
oig.federalreserve.gov/reports/board-…
Are there any burrito places that operate out of an old bank and use the pneumatic tubes to send burritos to you in the drive thru because there should be
(pictured: proof of concept)