The hottest Banking Substack posts right now

And their main takeaways
Top Finance Topics
Fintech Business Weekly β€’ 29 implied HN points β€’ 25 Feb 24
  1. Capital One's acquisition of Discover is a complex deal that has both good and bad elements for competition, creating a potential shake up in the US payments space.
  2. The CFPB is using once-dormant authority to supervise nonbank entities like World Acceptance Corp, focusing on risks to consumers.
  3. Acting Comptroller Hsu suggests creating a federal money transmitter licensing framework to better regulate non-bank companies providing bank-like services, highlighting potential risks in the growing role of non-bank firms in banking areas.
Concoda β€’ 259 implied HN points β€’ 20 Feb 24
  1. Dollar liquidity remains high with low failures to deliver, stable bond volatility, tight dealer repo spreads, and tightening cross-currency bases
  2. Changes in the Fed's rescue mechanism are upcoming, as discussed in a recent post by Concoda
  3. Exploration of the transformation in the repo market and its potential impact on other dollar markets
Slow Boring β€’ 5051 implied HN points β€’ 25 Jan 24
  1. Biden administration announced new regulatory caps on overdraft fees to protect consumers from financial exploitation.
  2. CEOs like Jamie Dimon are more concerned with business-friendly regulations for profit than political ideologies.
  3. The Biden administration's stance on bank regulation highlights a shift in priorities from the Trump era.
Yet Another Value Blog β€’ 1395 implied HN points β€’ 10 Feb 24
  1. The loan book for NYCB is in worse shape than expected, potentially facing huge losses due to rent-regulated properties and increasing expenses.
  2. Despite the challenges, NYCB has over $7 billion in tangible equity, which could help the bank navigate through the crisis.
  3. Insider buying at NYCB following a special update call shows confidence in the institution, highlighting efforts to stabilize the stock amid a tough situation.
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Newcomer β€’ 353 implied HN points β€’ 09 Feb 24
  1. JPM, Stifel, and Lead Bank will be speaking at the Newcomer Banking Summit on March 14 in San Francisco.
  2. The event will feature speakers like Jackie Reses, Melissa Smith, and Matt Trotter.
  3. The summit will delve into the impact of the Silicon Valley Bank crisis, the changing landscape of banking for startups, and the future of financial technology companies and banks.
Fintech Business Weekly β€’ 81 implied HN points β€’ 18 Feb 24
  1. TomoCredit, a startup backed by Morgan Stanley, is facing financial troubles and legal challenges despite its initial success claims.
  2. Mission Lane, a subprime card startup linked to LendUp, has raised $50 million and replaced its CEO in an effort to reposition itself.
  3. A study by the Federal Reserve reveals differences in how financially stable versus fragile households utilize buy now, pay later services, impacting the types and frequency of purchases made.
The Bitcoin Layer β€’ 550 implied HN points β€’ 03 Feb 24
  1. Regional banking sector is facing fear and challenges with toxic assets and credit exposure.
  2. US commercial banks are experiencing a credit problem due to underperforming commercial real estate.
  3. Market participants are struggling with shattered historical correlations and uncertainty regarding the Fed's reaction function.
Snowball β€’ 1395 implied HN points β€’ 09 Jan 24
  1. Some credit cards offer unique benefits like free Amazon Prime or cashback in the form of investments.
  2. Revolut cards come with various advantages based on the subscription level, like free currency exchange or cashback on accommodations.
  3. American Express cards provide a range of benefits, from purchase guarantees to access to exclusive events. The higher-tier cards offer even more luxurious perks like worldwide lounge access.
Fintech Business Weekly β€’ 661 implied HN points β€’ 21 Jan 24
  1. CFPB proposed a rule to close the TILA overdraft loophole, aiming to protect consumers from billions in junk fees.
  2. The proposed rule would require large banks to treat overdrafts like credit products, disclosing APRs and considering actual costs.
  3. Exempting banks under $10 billion in assets from the rule has sparked debate, highlighting the complexity of regulating banking fees.
Snowball β€’ 471 implied HN points β€’ 23 Jan 24
  1. Learn about the CrΓ©dit Municipal de Paris, an institution with over 380 years of history providing various financial services.
  2. The CrΓ©dit Municipal offers services such as quick loans against valuable items, financial counseling, auctions, and ethical savings options.
  3. The institution aims to innovate and modernize its services, while maintaining a focus on social impact and financial empowerment.
Fintech Business Weekly β€’ 96 implied HN points β€’ 11 Feb 24
  1. A potential class action case argues against a "rent-a-bank" scheme for high APR loans, highlighting the importance of understanding financial regulations and usury laws in the lending industry.
  2. The case brings attention to the evolving landscape between fintech companies and traditional banks, showing the complexities and discussions around defining the true lender in partnerships.
  3. The case also underscores the need for transparency and clarity in financial partnerships, as demonstrated by the alleged lack of distinction between a fintech entity and bank in customer-facing materials.
The Bitcoin Layer β€’ 491 implied HN points β€’ 20 Jan 24
  1. The Fed is planning to normalize banks tapping into emergency loans, even if they're healthy.
  2. Consumer sentiment is high due to expectations of falling inflation and interest rates.
  3. Loan activity from US commercial banks suggests a return to normalcy with anchored inflation expectations.
Fintech Radar β€’ 6 implied HN points β€’ 22 Feb 24
  1. Revolut ventures into telecom by introducing phone plans in the UK with eSIMs, aligning with its all-encompassing super app vision.
  2. FIS partners with Banked to offer pay-by-bank solutions, a move towards A2A payments that could challenge traditional card schemes.
  3. Temenos faces allegations from Hindenburg Research, highlighting the challenges in large corporate tech transformations and the need to address accusations.
Fintech Business Weekly β€’ 2 HN points β€’ 23 Feb 24
  1. Lineage Bank faced regulatory issues with the FDIC due to oversight failures in its banking-as-a-service partnerships.
  2. The consent order from the FDIC requires Lineage Bank to make significant changes in its management, risk assessment, and operational practices.
  3. The impact of Lineage Bank's BaaS wind down and the FDIC order on Synapse, Synctera, and their fintech clients is not yet clear.
Yet Another Value Blog β€’ 1022 implied HN points β€’ 23 Oct 23
  1. If you're looking at banks below tangible book value, you don't need to worry much about hidden disasters on their balance sheets.
  2. Even though there are concerns like a potential commercial real estate crisis or a recession, banks seem well-prepared and overcapitalized.
  3. Rising interest rates could actually make banks more profitable due to their interest rate sensitivity.
Five Links (and three graphs) by Auren Hoffman β€’ 1638 implied HN points β€’ 17 Aug 23
  1. Silicon Valley Bank collapsed due to overcharging customers, not a classic bank run scenario.
  2. SVB's business model relied on overcharging depositors, which led to customers seeking better deals elsewhere.
  3. In competitive industries like banking, overcharging customers is a risky game that can lead to loss of business and eventual downfall.