2007 Caps Non-Bank 
PYMNTS
DECEMBER 10, 2018
The year is 2007. Creating a product that pulled funds from depository accounts at other issuers and was accepted at any Mastercard-accepting merchant gave Cap One something new to offer consumers – and a new business model around which to build rewards to get consumers on board. Merchants paid less when they accepted those cards.
PYMNTS
APRIL 17, 2018
Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months. Big banks have moved away from the segment in general — and from subprime borrowers in specific.
PYMNTS
AUGUST 11, 2020
And its market cap will hit $2 trillion if the stock rises about another 5 percent to $467.77 However, Deutsche Bank analyst Jeriel Ong has doubts about the sustainability of Apple’s recent meteoric rise. Apple stock is trading at about $446 as of Tuesday (Aug. 11), giving the company a roughly $1.91 The iPhone Era . government.
Fintech Labs Insights
DECEMBER 23, 2016
One of the world’s most innovative, fintech-friendly banks just onboarded a new boss. subsidiary BBVA Compass has named former Garanti Bank deputy CEO, Onur Genç as its new CEO. ” Genç will replace Manolo Sanchez, who became CEO of BBVA Compass in 2008 and will transition into a new role of non-executive chairman.
CB Insights
OCTOBER 29, 2018
But money was just the problem: due diligence oversights on Caterpillar’s part and alleged “deliberate, multi-year, coordinated accounting misconduct” at Siwei were uncovered months after the deal closed and Caterpillar took a $580M non-cash goodwill impairment write-down in 2012. Bank of America and Countrywide.
CB Insights
DECEMBER 4, 2019
If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.
CB Insights
SEPTEMBER 10, 2019
A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. get the REPORT on next generation investors.
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