About Us  > Blog

A Great Time to be a Banker

by Chris Larsen on 07/20/09

Great interview on the Charlie Rose show – Floyd Norris from NYT.  He points out this is a great time to be a bank -  a lack of competition amid tighter underwriting means banks can dictate terms to even their best borrowers.


There was a great interview on the “Charlie Rose Show” of Floyd Norris from the New York Times last Friday. Basically he talks about how these are phenomenal times to be a Bank. He points out that a lack of competition amid tighter underwriting means banks can dictate terms to even their best borrowers. In addition, current Fed policy – rates near zero – is maintaining an incredibly pro-bank environment. This was just validated by the eye popping profit reports of the largest banks – like Goldman and Chase – and even the weak guys like Citi and BofA. Floyd says in the interview that he wishes he could become a Bank. The reality is that he and other people can be bankers right now on Prosper!

Here’s a clip from the June 17th show:


Leave a Comment

Prosper moderates all comments and will approve those that are directly relevant to the post. We do not publish comments that are spam, are offensive or appear to pass you off as another person.

(required)
(required) Email will not be published.
 

Comment Policy

 

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

One Response

Trackbacks


posted in Lenders 1 comment »

Connect with us

Search

Lenders

Marketplace Lending Takes the Main Stage

By Prosper on 12/11/14   [ 0 ]

This is an historic moment. Lending Club debuted on the New York Stock Exchange this morning, becoming the first online credit marketplace to go public. It’s a huge validation for the industry and will bring an increased level of awareness and education about the space. We want to congratulate them on a successful IPO. When [...]

Read More

PROSPER HITS ANOTHER RECORD: $100 MILLION IN APRIL ORIGINATIONS

By Prosper on 05/1/14   [ 3 ]

Just one month after announcing that we crossed $1 billion dollars in loans, I’m happy to report that we’ve hit another significant milestone. In April, a record $100 million in loans was originated through the platform. This is up 400% from one year ago and 30% month-over-month. More importantly, it is indicative of the incredible [...]

Read More

Prosper Gives Back: A Social Timeline Recap

By Prosper on 04/10/14   [ 0 ]

As of yesterday, the Prosper Gives Back campaign has come to a close. After hitting our $1 billion dollar mark, we connected with the whole Prosper community, we spoke with you guys, and we celebrated our butts off! While giving out $2,000 a day was exhilarating and fun, the greatest reward to us was hearing [...]

Read More

« Older Entries

Monthly Archive


Notice: Blogs and other materials posted on or linked from this page that use the name "Prosper" generally use that name to refer to Prosper Marketplace, Inc. if published before January 31, 2013 and to refer to Prosper Funding LLC if published on or after February 1, 2013.