The hottest Banking Substack posts right now

And their main takeaways
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Top Finance Topics

Trump's Banks

Net Interest • 13 implied HN points • 08 Nov 24
💰 Finance Banking Investing Economics Financial Markets Corporate Finance
  1. Trump has had a complex and fluctuating relationship with Wall Street, relying on banks for significant funding throughout his career. His ventures often led to defaults and bankruptcies, causing lenders to hesitate to work with him later.
  2. Deutsche Bank played a crucial role in Trump's financing, lending him over $2 billion despite his previous financial troubles. This close relationship also implicated the bank in legal issues related to Trump's financial practices.
  3. Trump has shifted his main banking relationships over time, now primarily working with a smaller bank called Axos Financial. Following his election win, his creditworthiness improved, benefiting both him and the bank.

Lindy Bank

Net Interest • 12 implied HN points • 15 Nov 24
💰 Finance Banking Investments Mergers Economics Government
  1. European governments are selling off their stakes in banks after a period of crisis, with billions of dollars worth of shares being returned to private ownership.
  2. Monte dei Paschi di Siena, the world's oldest bank, is showing signs of recovery and profitability after facing multiple near-failures over its long history.
  3. Management changes and a new business plan at Monte dei Paschi di Siena suggest the bank is optimistic about future growth and possibilities of mergers and acquisitions.

Bailout Brink

Three quarks • 128 implied HN points • 14 Mar 23
💰 Finance Economics Banking Cryptocurrency Financial system Market Trends
  1. The 2008 recession drastically impacted the trajectories and beliefs of different generations, shaping their careers and perspectives on work.
  2. The shift from 20th-century life-work balance to 21st-century always-on freelancing has redefined how we engage with news, videos, and money.
  3. Financial crises like the recession reveal the deep intersection between economy, personal identities, and societal structures, prompting reflections on the role of banks, governments, and personal financial management.

The Otonomist - March 2023 Issue

The Otonomist • 59 implied HN points • 31 Mar 23
🔮 Crypto Banking Entrepreneurship Regulations Development Blockchain
  1. The newsletter discusses options for banking your crypto company, including a new UAE base in Dubai.
  2. Crypto businesses face challenges in opening and maintaining fiat bank accounts due to various factors like government actions and regulations.
  3. OtoCo announces a new entity creation workflow with revised pricing and the launch of a Swiss Association, aiming to provide instant legal containers for entities and DAOs.

Equal Ventures is Hiring Associates

Equal Ventures • 19 implied HN points • 04 Dec 23
💼 Business Venture Capital Investment Startups Consulting Banking
  1. Equal Ventures is hiring two Associates for its investment team in New York to work on industry research, investment analysis, and portfolio support
  2. Candidates with 2-4+ years of experience in consulting, equity research, private equity, or investment banking are encouraged to apply, along with those who are intellectually curious, passionate about startups, professional, self-directed, and friendly
  3. Potential applicants are required to email their LinkedIn profile, resume, and answer specific questions related to industry sectors, investment opportunities, contrarian beliefs, and personal passions, with responses expected within 2 weeks
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All the Devils

Net Interest • 10 implied HN points • 01 Nov 24
💰 Finance Banking Investments Market Trends Economic History
  1. Credit Suisse faced many scandals over the years, with problems ranging from excessive leverage to internal fraud. Many employees engaged in unethical behavior, which contributed to the firm's reputation and difficulties.
  2. During the 2000s, Credit Suisse grew and achieved record earnings, but underlying issues were present. The firm made risky acquisitions and ignored warning signs that would later affect its stability.
  3. A historical perspective reveals a pattern of mismanagement and scandal within Credit Suisse. Key figures in the company made questionable decisions that ultimately led to its downfall.

Issue #140: Amazon Snaps Up Axio, Robinhood’s Crypto Push Into Spain, and Another Bank Fintech Flop

Fintech Radar • 4 implied HN points • 29 Jan 25
💰 Finance Fintech Banking Investing Payments Cryptocurrency
  1. Amazon is buying a fintech called Axio in India to strengthen its credit services. This shows Amazon's intent to dive deeper into lending rather than just partnering with others.
  2. Ramp has launched a new treasury management product, making it easier for businesses to manage their cash. This is part of a trend where companies want financial tools that integrate into their daily operations.
  3. HSBC shut down its Zing app just a year after launching it, which highlights how challenging it is for banks to successfully enter the fintech space. Just having money and a name isn't enough to succeed in this fast-paced market.

Lutnick Goes to Washington

Net Interest • 8 implied HN points • 22 Nov 24
💼 Business Finance Commerce Investment Banking Economics
  1. Interdealer brokers connect traders without revealing who they are. This helps big companies make deals quietly, without affecting the market price.
  2. Even in a world dominated by technology, many traders still value personal interaction and market insights from human brokers. These brokers can find the best prices and handle complex trades in ways machines can't.
  3. Howard Lutnick's story is compelling, especially given his background and experiences. His role as a leader in interdealer broking may influence his approach as Commerce Secretary.

The Death of Credit Suisse

Apricitas Economics • 64 implied HN points • 25 Mar 23
💰 Finance Banking Global Finance Financial Regulations Risk management Financial Markets
  1. Credit Suisse faced major financial issues over several years, with losses, leaked data, and fines leading to its demise.
  2. Swiss authorities forced Credit Suisse to merge with UBS to prevent a public collapse and global financial crisis.
  3. The fallout from Credit Suisse's fall includes impacts on European banks, market confidence, and central bank efforts to stabilize the financial system.

The Death of First Republic?

Apricitas Economics • 57 implied HN points • 29 Apr 23
💰 Finance Banking Deposits Assets Federal Reserve Financial Institutions
  1. First Republic is facing a financial crisis and potential FDIC takeover due to significant uninsured deposit withdrawals.
  2. The bank's investments in long-duration assets like real estate loans have suffered as interest rates rose.
  3. The broader US banking system remains stressed with decreasing deposits and increased borrowing, impacted by the inverted yield curve and changing depositor dynamics.

Thank you Silicon Valley Bank...

mainstreetjournal • 19 implied HN points • 24 Mar 23
💰 Finance Banking Community Investment Local
  1. Locally owned banks and credit unions offer lower fees, fewer defaults, and higher interest payouts.
  2. Community banks benefit local business and exhibit restraint on risky behavior compared to mid-sized banks like SVB.
  3. SVB's failure highlights the need for public banking, particularly for unbanked individuals and communities without local banks.

Banking on Pressure

The Last Bear Standing • 70 implied HN points • 12 May 23
💰 Finance Banking Policy Liquidity Deposits
  1. Both cash liquidity and solvency are crucial for banks. If customers or investors worry about either, they may withdraw funds or sell stock.
  2. Bank liquidity has been fluctuating, impacted by events like the pandemic and quantitative easing/tightening, leading to concerns about insolvency and the need for temporary borrowings.
  3. Deposit fluctuations in banks are tied to the Federal Reserve's actions like quantitative easing and tightening, with large banks experiencing the fastest decline in deposits.

#94 - OpenAI does your Tasks, Jio wants to bring Web3 to masses, another framework hosts webpages, understanding in-flight entertainment & more

The Nibble • 4 implied HN points • 20 Jan 25
🕹 Technology AI Web3 Frameworks Banking
  1. OpenAI continues to develop tools that can handle your tasks better, making it easier for you to work efficiently.
  2. Jio is teaming up with Polygon to bring Web3 technology to a large number of users in India, which could open up new opportunities in the crypto space.
  3. A new feature called 'Import Attributes' in ECMAScript allows developers to import not just JavaScript modules but also other types of files, simplifying how they manage different resources.

Issue #137: Klarna’s U.S. IPO Plans, Nubank Hits 100M Users, And PayPal Gets Collaborative

Fintech Radar • 6 implied HN points • 20 Nov 24
💰 Finance Fintech Investing Banking Cryptocurrency Economic Trends
  1. Klarna has filed for an IPO in the U.S., hoping to attract more investors. This comes after difficult years, but they're now showing profitability.
  2. Nubank has grown to over 100 million customers in Brazil, showing how digital banks can successfully compete with traditional ones. They've expanded their services beyond just credit cards.
  3. PayPal has introduced a new feature for group money pooling, making it easier for users to manage shared expenses. This move highlights how big companies can absorb features that startups were trying to create.

Issue #136: Affirm Arrives In The UK, Block Ramps Up Afterpay, And Coinbase Partners With Visa

Fintech Radar • 6 implied HN points • 13 Nov 24
💰 Finance Fintech Investments Payments Crypto Banking
  1. Affirm is now in the UK, partnering with Amazon to offer buy now, pay later options. This move puts them up against established competitors like Klarna and Afterpay.
  2. Block is enhancing its Cash App by integrating Afterpay, making it easier for users to manage payments. This could help Block maximize the value of its Afterpay acquisition.
  3. Coinbase teamed up with Visa for real-time deposits, allowing quick transfers into user accounts. This partnership is a significant step for improving the user experience in crypto trading.

The Risks Still Lurking in the Banking System

Apricitas Economics • 42 implied HN points • 08 May 23
💰 Finance Banking Interest Rates Deposits Market Dynamics
  1. The American banking system is facing increased risks with several banks failing and many regional banks under pressure
  2. Market movements for surviving banks show negative excess returns, with declining valuations particularly for mid-sized regional banks
  3. Understanding rates risk in the banking system requires looking at exposure to long-term assets, especially in real estate lending, and the impact on uninsured deposits

Issue #139: Revolut Eyes New Zealand Banking Licence, eToro Targets US IPO, And Pocket Money Goes Digital

Fintech Radar • 4 implied HN points • 11 Dec 24
💰 Finance Fintech Investing Banking Payments Digital Currency
  1. Revolut is applying for a banking license in New Zealand to expand its services. This could help them offer more products and gain a larger market share there.
  2. eToro is planning a U.S. IPO after a previous attempt fell through. They are looking to enter the public market at a time when investor interest in fintech is growing.
  3. John Lewis launched a fun app called 'Pocket Money Pet' to help kids learn about money. It's a creative way to teach kids saving and budgeting skills early on.

Issue #133: Stripe To Buy Bridge For $1.1B, Apple Pay Adds Klarna, And Brex Partners With Navan

Fintech Radar • 6 implied HN points • 23 Oct 24
💰 Finance Fintech Investing Banking Cryptocurrency Insurance
  1. Stripe is buying Bridge for $1.1 billion to enhance its stablecoin services. This shows Stripe's big plans to grow its role in international payments.
  2. Apple Pay is teaming up with Klarna to allow users to split payments into four interest-free installments. This move signals Apple’s shift back to focusing on partnerships for better payment options.
  3. Brex is partnering with Navan to make travel payments easier for businesses. This collaboration aims to simplify expense management by integrating payment solutions directly into travel bookings.

What immortal hand or eye: The Archegos affair, Part 1.

The Jolly Contrarian • 39 implied HN points • 23 Jul 22
💰 Finance Investment Risk management Regulation Banking Derivatives
  1. Family offices, even though seemingly benign, can engage in risky behavior that can have significant market impacts.
  2. Securities markets are complex environments where probabilistic risk management tools may fail, especially in extreme scenarios.
  3. Regulations requiring banks to pay out variation margins can inadvertently pour petrol on a fire during market volatility, leading to unintended consequences.

What Killed Signature Bank?

Apricitas Economics • 39 implied HN points • 01 Apr 23
💰 Finance Banking Crypto Regulation Assets Risk
  1. Signature Bank faced a severe bank run due to rapid withdrawal of deposits, leading to its collapse.
  2. The bank's heavy reliance on uninsured deposits, especially from crypto-related sources, contributed to its downfall.
  3. Regulators stepped in to prevent further financial contagion, highlighting the need for managing risks of fast-paced bank runs.

The Economy Is A Powder Keg, Boiling Over And Ready To Blow

QTR’s Fringe Finance • 34 implied HN points • 01 May 23
💰 Finance Economy Banking Policy
  1. Pressure is building up in the economic system with five major banks collapsing since March.
  2. Equity prices are high despite economic turmoil, indicating possible blow off valves elsewhere like precious metals.
  3. The government's casual attitude towards bailing out banks and printing money could have massive consequences for the economy and may lead to a shift towards precious metals.

The history of inhouse legal

The Jolly Contrarian • 59 implied HN points • 23 Oct 21
💼 Business Legal Banking Management Consulting Operations
  1. In-house legal departments in banks have evolved over time from negligible involvement to becoming key players in managing legal relationships and adding value to the organization.
  2. The rise of magic circle law firms marked a period where law firms charged high rates for extensive legal work, benefiting from banks' willingness to pay for legal protection in their big financial deals.
  3. Management consultants stepped in to help banks reduce legal spend, resulting in the development of legal operations teams within organizations to optimize legal processes and costs.

Issue #134: Western Union Acquires Dash, Morgan Stanley’s AI Push, And Finix’s New Funding Round

Fintech Radar • 4 implied HN points • 30 Oct 24
💰 Finance Fintech Investing Payments Banking Insurance
  1. Western Union is buying Dash, a mobile wallet in Singapore, to expand its digital services. This shows how much the remittance business has changed with more competition from apps.
  2. Goldman Sachs and Apple are being fined nearly $90 million over issues with the Apple Card, which could hurt their future plans. It highlights the challenges Goldman faces in consumer banking.
  3. Morgan Stanley launched an AI assistant to help its staff analyze research reports faster. This shows how traditional finance is integrating AI to improve efficiency.