When a financial institution says “In our defense, our ex-client was not a Specially Designated National at the time of his offboarding”, that ex-client is about to have a very bad time.
@patio11
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LLMs Automate Podcast Transcript Editing First Pass
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I happily paid for transcripts at every podcast I’ve ever done and now with LLMs to do the first pass editing this will be even better.
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American Charitable Institutions: Financial Culture and Trust Infrastructure
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I’ve only seen them in America. One of our funny institutions created by a combination of charitable giving culture, financialization, extremely developed trust infrastructure, and tax codes.
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Megabank Zip Code Targeting Criticized by Tech Experts
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(I have now gotten emails from bank technologists which said that a megabank still doing zip code targeting is Doing It Wrong so, FWIW, take that with a grain of salt with respect to sophisticated institutions.)
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Interest Rates Shape AI Investment Strategies and Valuations
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Negotiable and for obvious reasons changes a lot with the interest rate environment (and other strategic factors).
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Negotiating Business Terms: One-off vs Ongoing Arrangements
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Anything imaginable is negotiable by someone, but you're likely going to find that one-off is easier than on-going at below the levels of wealth where it makes sense to have a whole team involved attempting to keep/grow your business.
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Why Banks Compete for Deposits: Economic Incentives Explained
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"What is the economic reason this exists?" Marketers gonna market and sales reps gonna sales rep. The bank assumes its people are going out into the economy every day and fighting other banks for deposits. Institutionally, it thinks you're "moving" to it from somewhere else.
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Get Paid Thousands for Asking This Question
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You can get paid several thousand dollars for asking this question.
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Banking Strategy for Startup Equity Liquidation Events
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A random thing that will probably help someone out eventually: Should you ever have the occasion to e.g. sell a company or have your startup equity become liquid, call your bank (or chat up a new bank) *in advance*, and ask "If I were to bring in new money, what's your offer?"
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FDIC Updates Concerning 2023 Economic Graph Data
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Oh look the FDIC updated the Most Surprising Graph Of 2023, and the update is not a good one.