$2.4 billion is not a lot of money when we talk about the US banking sector. Last quarter, that was the amount by which banks decreased their loan loss provisions. Lower provisioning means banks can report higher earnings. Last quarter, bank earnings rose by $2 billion and they reported net income of $42.4 billion—the highest …
The world of finance is going to be drastically altered by “big data.” That’s the conclusion of a recent white paper released by BNY Mellon. Written by Jack Malvey, BNY Mellon’s Chief Global Markets Strategist, the paper predicts that new approaches, analytics, research, and management techniques around “big data” will rapidly transform the world of …
When espousing the many capabilities and applications we see for the WAIN Street Business Credit Health Index there is always a concern about coming off as too ambitious or “pie in the sky” which can hurt credibility, especially in an industry that is practical and risk conscious. However, we keep finding hints, nearly every day, …
The thing about “big data” is that it is, well, big. Lots of hype, innovation, start-up activity, punditry and opportunity. Sorry Gen-Y, you didn’t start it. WAIN Street is helping to build up small businesses with the help of “big data”.
Six months ago WAIN Street launched the Business Default Index (BDX), the first component of our Business Credit Health Index (BCH Index). At that time we were very encouraged by the initial analysis and results of numerous correlations studies; we were even so bold to suggest the BCH Index was tapping into something fundamental and …
At WAIN Street we’ve just released the Business Default Index (BDX) which provides a comprehensive, composite gauge of business defaults in the US. Needless-to-say, we’re excited about many things, but most importantly we believe the BDX provides a new perspective on often-ignored mid-market and small businesses. It’s enabling us to “take the pulse” and gain new insight …
“I’ll be there in 15 minutes…” It’s an easy thing to say at the beginning of a trip, before a well-planned route deteriorates into a confusing mess of detours and wrong turns. Unexpectedly veering off course can be a frustrating and time consuming experience; but when you finally get there… well, the feeling is pretty …
