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 We do not publish comments that are spam, are offensive or appear to pass you off as another person.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(required) Email will not be published.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

Prosper Introduces Debt Sale Program

By Prosper on 07/21/15   [ 0 ]

By Eric Thaller As part of our ongoing efforts to improve the investor experience on the Prosper platform, we are making changes to the way we deal with charged-off loans.  On July 17th, Prosper introduced a debt sale recovery strategy aimed at delivering an increased level of return for investors in a more timely manner. [...]

Read More

Prosper Opens for Business to Investors in Indiana

By Prosper on 07/13/15   [ 2 ]

Posted By Eric Thaller Today we announced that the Prosper platform is now available to investors in Indiana. With the addition of Indiana, Prosper is now open to investors in 32 states and the District of Columbia. We appreciate the work of the state regulators to bring this investment opportunity to its residents. As one [...]

Read More

Prosper Reaches New Milestones — $4 Billion in Loans Following Another Record Quarter

By Prosper on 07/9/15   [ 0 ]

Prosper Marketplace Reaches New Milestones — $4 Billion in Loans Following Another Record Quarter

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.