The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Pathak: Synapse will not seek to acquire its own banking charter
“We're most likely not going to go and get a charter.”
Pathak: Empower will surpass neobanks like Chime and Varo within months
“So pretty much, at this point, in a couple of months, they've been able to get at par With any other new banking customer you can think of. Maybe Chime, maybe Varo, all of these people. They started after them, and now are at the point where we are, and next c…”
Pathak: Newly chartered US banks face two years of regulatory restrictions
“And based on the current regulations if they stay the way they are it puts, even if someone were to become a new bank today, for next two years, they would be pretty much kind of in a restricted category with the Fed and also with the FDIC.”
Pathak: Airbnb and non-internet companies will soon launch embedded financial products
“Lyft, Uber, they're doing it. Airbnb probably is going to do it. They're also going to have companies that have not even been internet companies starting to offer this.”
Pathak: Unified high-net-worth banking and wealth platforms will emerge within a year
“All the way to high net worth individuals and how can you build out better portfolio management for them that doesn't just only account for public stocks that they have to buy, but goes across board from checking all the way to portfolio management. That last …”