Every bank is looking for opportunities to increase yield without taking on more risk. Endurance Advisory Partners is always on the look-out for this kind of opportunity.

The acceleration of digitization has been a watershed event. Redesigning business processes to transform how customers interact with your firm might not be glamorous, but it is critically important during periods of significant change — like now.

If current trends continue, global life expectancy is expected to surpass the 80-year mark by 2100. Wealth is also expected to increase nearly across the board. There are always bumps along the way, but it appears that the journey to the upper-right quadrant is still very much underway.

“Most people haven’t had a forty-plus year career, and they’ve only seen declining inflation over the last 30-plus years,” Fink said at a virtual event hosted by Deutsche Bank AG on Wednesday. “So this is going to be a pretty big shock.”

In just one year, the price of lumber has increased 377%—reaching a record high of $1,635 per 1,000 bd ft. For context, lumber has historically fluctuated between $200 to $400.

When it comes to digital transformation, a nearly universal truth seems to be emerging: Many banks and credit unions feel they are behind where they need to be.

U.S. job openings climbed to a series high of 9.3 million in April, up from 8.3 million in March, while hires were little changed at 6.1 million

Using data from S&P Global Market Intelligence, Bank Director analyzed year-over-year growth in pre-provision net revenue (PPNR) at public and private banks above $1 billion in assets to identify the banks that have grown most quickly during the pandemic.

This memorandum summarizes the tax proposals that are of most interest to U.S. corporate taxpayers, financial institutions, insurance companies, hedge funds, private equity funds, and high-income individuals.

The crypto-assets sector has grown rapidly but bitcoin has cooled from a high of $64,895.22 in mid-April to $36,005 on Monday after China began signalling a crackdown.

Borrowers with loans secured by personal rather than real property made up 46% of manufactured housing borrowers in 2019 and of this group, only 5% used the loans to refi. The CFPB has not yet analyzed Home Mortgage Disclosure Act data on an aggregate basis yet for 2020. However, individual lender reports from the past year suggest that the percentage is similar.

The report also found that the increase in risk that led to the 2008 crisis started before the mid-aughts housing bubble.
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