The Pipeline: Jefferies scores another PE deal with high-demand First Foundation equity raise | S&P Global Market Intelligence spglobal.com/marketintellig…

Andrew and Peggy Cherng's donation brings their pledge to the University of Missouri to $10 million. They are Mizzou alumni. columbiatribune.com/story/news/edu…

Very helpful that regulators are now elaborating bank/fintech partnerships separately and explicitly. For a long time it was buried in the third-party risk management encyclopedia. Not saying it's wrong but it was annoyingly broad and hard to navigate: spglobal.com/marketintellig…

The Pipeline: Piper Sandler adds TD Cowen team to expand in services, industrials i-banking | S&P Global Market Intelligence spglobal.com/marketintellig…

The debate about brokered deposit classification is one of the many examples in the current BaaS land - the practices seem to fit somewhere in the traditional banking glossary, but can be interpreted differently as fintech reimagines financial services spglobal.com/marketintellig…

For better or worse, banks engagement with crypto is one of the areas that can be dramatically shifted with the results of the US presidential election in November spglobal.com/marketintellig…

$CUBI is on the track to launch a new payment platform in 2024, with a vision to grow fee income while CBIT is more of a deposit play: Fintech Focus: Customers Bank to launch new payment platform with enhanced BSA/AML compliance spglobal.com/marketintellig…

ConnectOne's acquisition of First of Long Island brings along a ~$500M multifamily portfolio backed by rent-controlled apartments in NYC. Growing risk in this category has hurt several banks' shares in 2024, but credit quality of this book is "pristine": spglobal.com/marketintellig…

Where do BaaS banks stand as of 2Q'24 as to brokered deposit balances: Data Dispatch: Cross River Bank's brokered deposits surpass $4B as FDIC proposes new rules | S&P Global Market Intelligence spglobal.com/marketintellig…

A credit union (!) is entering BaaS to offset the potential interchange reduction for losing Durbin exemption (!!), as it's planning to cross the $10B threshold in 3 years spglobal.com/marketintellig…

No fintech company was able to get a bank charter since 2022 via buying a bank, going through a de novo or ILC charter application. Fintech Focus: Fintechs mull bank charters as regulatory pressure on partnerships ramps up spglobal.com/marketintellig…

Nacha has started implementing new rules on Oct 1 to combat social engineering scams. Whether banks should cover consumers' losses from Zelle scams often makes headlines, but the more urgent question is how to remove scammers out of the payment system: spglobal.com/marketintellig…

.Charles Duhigg chronicles how tech titans are making major investments in super PACs, hoping to influence policy debates and prove that support for their industry can make—or break—a candidate’s run. nyer.cm/7gwYsIO

Veteran bank equity analyst Alexopoulos no longer with J.P. Morgan | S&P Global Market Intelligence spglobal.com/marketintellig…

.Wang Yizhu, Lananh Nguyen and I stopped by the Silicon Valley Bank media happy hour at Money20/20. #Money2020

.Wang Yizhu hired by Bloomberg to cover regional banks: talkingbiznews.com/media-news/blo…

The Citizens CEO said his company’s unsuccessful fight with JPMorgan to acquire First Republic was the best outcome for the lender’s private bank and wealth-management operations trib.al/UPePQzt

“The inevitability [for private credit] is that funding is going to keep coming from the banking system,” says YPFS's Steven Kelly. bloomberg.com/news/articles/… | Wang Yizhu & Weihua Li