News & Insights
Unified feed: Brian's Banking Blog + editorial posts.
BanksFirst Republic Shares Plunge After Earnings Report
First Republic Bank shares declined dramatically after the company confirmed that its deposits plunged by 40% in the first quarter of 2023.
4/28/2023Read →
Brian's BlogBanks have a funny way of expecting more from their borrowers than they should….
It’s part of what sunk SVB. When you take a large loan from the bank,They expect you to do more business with them. For some banks it’s: We gave you a $1M loan for a building, Now we expect you to lease cars through us too.
bankingbanksloan4/28/2023Read →
Brian's BlogI did an entire month of work without getting paid.
Our CEO Brian Pillmore told his story of how he worked an entire month doing competitor research and commercial strategy for a bank. But they didn't pay him after a month of work. However, that situation motivated him to create Visbanking.
bankingbanksus banks4/24/2023Read →
Brian's BlogI got over 50 Colombian data scientists to come drink beer at a bar with me.
Brian got over 50 Colombian data scientists to come drink beer at a bar with him. They drank, laughed, talked business, and by the end of the night, He had 2 new employees. If he didn’t act quickly, “Too much business” could have become a genuine problem. But good things happen when you take action quickly.
bank of americabankingbanks4/22/2023Read →
BanksThe Financial Industry’s Emerging Embrace of Open Source Banking
As the banking industry turns to open source banking, bank information service provider Visbanking releases new fdicdata open source package.
APIsBrian Pillmorefdicdata4/22/2023Read →
Brian's BlogVCs might give you money before you’re profitable
Banks will give you a loan if you are profitable, HAVE BEEN consistently profitable, WILL BE profitable in the future and you are SUBSTANTIALLY profitable.
4/17/2023Read →
Brian's BlogMost bankers are so bad at problem-solving it’s funny.
When it comes time to solve problems in your bank, it’s usually best that you don’t think like a banker. Try to think outside the box.
bankingbankscreditcards4/17/2023Read →
NewsLatest Inflation Report Shows Price Pressures Continue to Plague Americans
According to the Labor Department's latest inflation report, the Consumer Price Index increased by 5% in march, year-on-year.
Federal Reservefinancial stressinflation report4/14/2023Read →
BanksIMF Economist Urges Continued Focus on Inflation
IMF Chief Economist expresses concerns about risks to banking sector and impact on global growth, but urges continued focus on inflation.
bankscentral bankCNBC4/14/2023Read →
Brian's BlogWhen my team makes mistakes,It’s my fault.
My personal philosophy in life is that I take responsibility for everything. It’s not always fun. But it’s part of being a leader. No need to blame anyone else.
4/13/2023Read →
Brian's BlogIf the UBS acquisition of Credit Suisse finalizes,
If the UBS acquisition of Credit Suisse finalizes, UBS will be SIGNIFICANTLY bigger than the GDP of Switzerland.Roughly $5T in assets to Switzerland’s $0.8T GDP.
4/12/2023Read →
NewsLabor Market Remains Strong, Though Job Growth Slowed in March
Labor Department reports that the U.S. economy enjoyed job growth of 236,000 new hires in March, as labor market remains resilient.
Federal Reservejob growthLabor Department4/8/2023Read →