Barry Ritholtz

MARCH 4, 2025

The transcript from this weeks, MiB: Melissa Smith, co-Head of Commercial Banking at JPMorgan , is below. Melissa Smith is co-head of commercial banking for JP Morgan. Previously she was co-head of the bank’s Innovation Economy Group. Barry Ritholtz : This week on the podcast I have yet another extra special guest.

Banking 52

Banking Mergers and Acquisitions (M&A) Marketing Manufacturing 52

Future CFO

JULY 23, 2020

DBS Bank has partnered with business cloud software company Infor to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses, the technology firm said recently. . The post DBS Bank, Infor team to offer digital trade financing appeared first on FutureCFO.

Finance 52

Finance Banking Credit Risk Leverage 52

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

DECEMBER 21, 2020

More and more companies are starting to leverage payments technology with [virtual cards] because of the value to all players in the ecosystem,” Fenton said. Serent’s focus has been on companies selling what he calls "picks and shovels" into FinTechs, lenders and other constituents instead of investing directly into banks and lenders.

B2B 79

B2B Healthcare Investments Credit Risk 79

PYMNTS

FEBRUARY 22, 2019

According to recent data from Moody’s investor services, corporate leverage in the U.S. has reached pre-2008 levels, meaning banks are facing risk that is elevated above what has been seen since the financial crisis. All in, the leveraged loan market in the U.S. “If operating conditions in the U.S. “U.S.

Leverage 46

Leverage Credit Risk Valuation Banking 46

Future CFO

MARCH 16, 2023

China's modest fiscal policy expansion, reflected in support from fiscal budgets and bond issuance from regional and local governments (RLGs), mitigates credit risks for local government financing vehicles (LGFVs) and infrastructure companies, the credit rating agency said.

Credit Risk 52

Credit Risk Economics Budgeting Forecasting 52

PYMNTS

FEBRUARY 3, 2020

Consumer loans are also processed through Goldman’s retail banking arm, Marcus. Amazon has already dipped its toes into small-business lending and found ways to cut into banks’ revenues while also competing against prepaid card issuers. Recent consumer undertakings were lower than 3 percent of 2019 revenue.

Credit Risk 52

Credit Risk Leverage Banking eCommerce 52

CFO Talks

AUGUST 21, 2024

This change significantly impacts financial metrics such as leverage ratios and EBITDA. IFRS 9 Financial Instruments: Managing Expected Credit Losses IFRS 9 introduced the concept of expected credit losses (ECL), which means companies must recognise potential credit losses earlier, based on a forward-looking model.

IFRS 52

IFRS Profit and Loss Communication Credit Risk 52

PYMNTS

JUNE 8, 2020

The World Bank distributes about $25 billion a year to countries through governments that identify areas where investment is needed and capital can be deployed to build infrastructure. Traditional conduits of lending, including banks and other entities, issue trillions of dollars to keep the wheels of commerce growing.

Credit Risk 52

Credit Risk Investments Banking Education 52

PYMNTS

NOVEMBER 9, 2016

Through Circle, a user can connect the bank account they have to fund payments, and the recipients then receive those payments instantly. Doing that meant that Circle had to build out an AI-powered risk engine that allows it to make 90 percent of its risk and compliance decisions with machines rather than relying on compliance people.

Currencies 75

Currencies Compliance Communication Credit Risk 75

PYMNTS

OCTOBER 12, 2018

The startup doesn’t need the money, really, flush with hundreds of millions of dollars of its own — and has tens of millions of people applying for its credit cards. Wall Street also is raising concerns over credit risk as the firm branches out into consumer-facing installment loans.

Advertising 42

Advertising Credit Risk Startups Budgeting 42

PYMNTS

APRIL 7, 2017

If a business doesn’t have the robustness in terms of data sets, the data scientists needed to analyze that data or even the technology infrastructure to run analytics properly and perform real-time decisioning in house, then they may be better off leveraging the scale of a platform that does. The “Buy Vs. Build” Decision.

Credit Risk 49

Credit Risk Math Leverage Technology 49

PYMNTS

SEPTEMBER 27, 2019

And if you ask why aren’t Apple or Google or Amazon or Samsung offering faster payments , it’s because they have the leverage in the market not to have to,” Reinsch said. Bank loans exist, of course, but app creators face the same difficulty most small to medium-size businesses (SMBs) face when they walk through a bank’s doors.

Invoicing 65

Invoicing Advertising Credit Risk Finance 65

PYMNTS

MAY 10, 2016

But for many financial institutions, the use of credit as a determining factor on whether to provide access to banking products or not transforms the decision from one based on identity to one based on credit – a choice that can subsequently lock millions out of the financial world. The bad news is, Ayers noted, that in the U.S.

Leverage 42

Leverage Banking Credit Risk Accounting 42

PYMNTS

AUGUST 8, 2017

-educated entrepreneurs met while working abroad at Renaissance Capital and Deutsche Bank. such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan. Observing the rise of disruptive companies in Europe and the U.S.,

Finance 42

Finance Leverage Credit Risk Marketing 42

PYMNTS

FEBRUARY 7, 2020

Loans were primarily issued to SMB merchants that sell on the site, and bank partnerships were leveraged in some foreign markets.

eCommerce 52

eCommerce Benchmarking Restructuring Credit Risk 52

The Finance Weekly

NOVEMBER 20, 2023

A notable example is the Bank of America, which employs AI to maintain the integrity of transactions and combat fraud. By scrutinizing various data points such as payment history and IP addresses, the bank swiftly , identifies anomalies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Cash Flow Forecasting Forecasting 52

Barry Ritholtz

SEPTEMBER 12, 2022

It’s a town of about 4,000 people, so exposure to markets or investment banking or any of the careers in finance was not something that you really envisioned. It was at Bank One, at the time. RITHOLTZ: There’s always risk involved with counterparties …. BITTERLY MICHELL: Always risk. BITTERLY MICHELL: … risk management.

Investments 119

Investments Marketing Profit and Loss Banking 119

PYMNTS

MARCH 27, 2020

Application fraud, which sees cybercriminals submitting financial product applications to banks with no intention of paying them back, is among the most popular techniques. They then take all the credit they possibly can after approval and convert it to cash by writing high-value checks or maxing out their credit cards.

Technology 83

Technology Leverage Credit Risk Banking 83

Barry Ritholtz

MARCH 5, 2024

And so I remember back, back in 2005 when we first started, you know, we think about the banks. The banks would have an equity trading desk and they’d have a debt desk, right? And so it’s opportunities that, that have come out of this mainly are around the banks today. H how did you figure that out?

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Credit Risk Investments Banking 59

PYMNTS

MAY 1, 2020

Banks are reserving tens of billions of dollars against potential credit card and loan defaults. They’re eyeing risk exposure while at the same time trying to help consumers get back on their feet. The prospect of extending credit, of course, brings key issues into focus, primarily those of risk and fraud.

Credit Risk 61

Credit Risk Technology Leverage Banking 61

Barry Ritholtz

APRIL 4, 2023

And what was fascinating about Drexel and kind of the diaspora, if you will, of that era was that we all basically went out looking to take that experience, particularly in high yield and kind of buyouts and financing, and do it at either banks or other investment banks. RITHOLTZ: — credit? private — KENCEL: Right.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Investments Finance Banking 59

Barry Ritholtz

SEPTEMBER 26, 2023

And then very soon after, you know, bear Stearns fails, Lehman Brothers fails, the cracks were massive and there were so much for selling from the trading desks at the banks. And we, we feel that a lot of phone calls, I think the most nervous we became was when the banks started failing. That had mismatched assets.

Investments 52

Investments Banking Economics Marketing 52

Barry Ritholtz

FEBRUARY 13, 2023

In fact, I was going to be a strategist, financial analyst to work for a bank and write research reports. You know, people are comfortable, leverage builds. And how do you make the decision, I’m not comfortable with this credit risk relative to the return it’s going to throw off? RIEDER: Right. RIEDER: Right.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Investments Marketing Education 59

Barry Ritholtz

MARCH 12, 2024

And up until that moment in time, we didn’t spend a lot of time on credit risk in mortgages. We didn’t really have to model credit risk because that was, that risk was taken by the agencies. But in these private labels, you had the, the market was taking the credit risk.

Profit and Loss 59

Profit and Loss Investments Marketing Securities 59

Barry Ritholtz

JULY 22, 2024

He just put ads in the paper and, and the role was for a bank examiner, so on the regulatory side with the Office of Thrift Supervision. 00:03:37 [Speaker Changed] I would say my bank regulatory background was more instructive in how I think about the financial system writ large, the flow of money, so to speak, and credit.

Credit Risk 59

Credit Risk Treasury Investments Marketing 59