More than 2/3 of the economists at 23 large financial institutions are betting the U.S. will have a recession in ‘23. 2 others are predicting a recession in ‘24. And 5 expect the US will avoid a recession. #economy#rates https://t.co/o55GXuxXNG
$42 billion is what American savers lost out on in the 3rd quarter but will likely be dwarfed in the 4th quarter because deposit rates have continued to climb.
The $42 Billion Question: Why Aren’t Americans Ditching Big Banks? - WSJ #money#banking https://t.co/9X7YBGGiMQ
Texas bankers wrapped up two productive days in Washington, D.C., meeting with Gov. Michelle Bowman, member of Board of Governors of the @federalreserve, and Michael Hsu, Acting Comptroller of @USOCC.
Take time to read this op-ed.
If you want to serve consumers through the payments system, through deposit products or loans, or through asset management and trade facilitation, you should be subject to the same requirements as all other participants. #banking#crypto
New from @BankersPrez and @BetterMarkets CEO @DennisKelleher: “Crypto companies and other nonbanks pose a significant and increasing risk to our financial system that needs to be better understood and regulated.”
Today in 2001, Enron, the seventh-largest corporation in the U.S., filed for Chapter 11 bankruptcy. The disclosure of the worst accounting scandal in American history vaporized $60 billion in Enron's stock-market value. #money
Interesting idea. Activist House Flipping, a nonprofit raising money for a fund that would purchase homes in cash, then flip them back to families for close to cost. @WSJ #housing https://t.co/3VCfptApj4
Signed a lease w the "Hottest QSR in New Mexico." Never heard of them but they offered 2x mkt rents
Term: 20 yrs
NOI: $350k yr
Type: NNN Ground Lease
Avg store sales: $6M+ but not willing to provide financials
*Adamant abt a clause prohibiting LL from entering premise (odd)
46% of small-business owners said higher interest rates are affecting their business, according to an November survey of roughly 600 small businesses by Vistage Worldwide Inc.
Rising Interest Rates Put Small Business Owners’ Plans on Hold - @WSJ https://t.co/aQHoxCSBLP
Congratulations to Chmn Joe Kim King of Texas Country Bancshares in Brady who received the Distinguished Banking Service Award at todays @TexasTech Bankers Ag Credit Conference. As fine of a community banker & gentleman as you will find anywhere. @texasbankers salutes you!