Is the Upper K finally cracking?
Luxury auto sales are down dramatically.
@BentleyMotors sold fewer than 150 cars in July.
@astonmartin ‘s revenue is reportedly down 21%.
And @Porsche is trying a tactic largely used by $RACE - requiring buying less desirable models to get access to desired ones.
Great article from @thedrive:
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When the value of the national bank charter is greater than the partnership arrangement:
“The acquisition offers Chime "a faster and more proven path to full-stack ownership" compared with seeking a de novo bank charter,”
Yesterday’s BaaS bank is tomorrow’s FinTech bank l.
Cc: @DiMartinoBooth / @commbankerguy
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This is what caught my eye the most:
“With a total of $1.68 billion of consumer loans outstanding in its CCBX business unit, that $530 million book represents approximately 31.5% of CCBX’s consumer loan book, or 23.8% of its overall CCBX book of about $2.23 billion.”
The bank has $463mm in Total Risked Based Capital.
Cc: @DiMartinoBooth / @RealJohnGaltFla
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