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Bits about Money

Bits about Money
A very Chicago gamble Chicago and Bally's have teamed up in an investment offering.
4 weeks ago
Bits about Money
Bits about Money yearly recap and plans What we covered in 2024, what are plans are in 2025, and a solicitation for supporting memberships.
a month ago
Bits about Money
Debanking (and Debunking?) Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for...
2 months ago
68
2 months ago
Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for scintillating banking compliance trivia.
Bits about Money
Fiction and Finance Recommendations of works of fiction of interest to financial practitioners or enthusiasts.
4 months ago
Bits about Money
Why the CrowdStrike bug hit banks hard Regulation-induced monocultures meet unfortunate but explicable engineering decisions.
6 months ago
Bits about Money
Working title (insurance) Title insurance is grossly overpriced relative to actual risks involved. Why is that?
7 months ago
Bits about Money
Guys what is wrong with ACATS Ever transferred assets between brokerages? Impressive, terrifying machinations happened in the...
9 months ago
96
9 months ago
Ever transferred assets between brokerages? Impressive, terrifying machinations happened in the background. No cats were harmed.
Bits about Money
The business of wallets How digital wallets work, and how payment costs drive a lot of product decisions inside and around...
9 months ago
89
9 months ago
How digital wallets work, and how payment costs drive a lot of product decisions inside and around them.
Bits about Money
Anatomy of a credit card rewards program Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.
11 months ago
Bits about Money
Financial systems take a holiday Ever wondered about what happens when banks are closed or why some apps have operating hours? It's...
11 months ago
106
11 months ago
Ever wondered about what happens when banks are closed or why some apps have operating hours? It's fascinating.
Bits about Money
The business of check cashing Check cashing, as a business, is a poorly understood "alternative" financial service.
a year ago
Bits about Money
Payroll providers, Power, Respect Payroll processors exist to provide financial infrastructure and because political economy is...
a year ago
Bits about Money
The Long Shadow of Checks A lot of more modern financial infrastructure follows the paths blazed by checks, at least in the...
a year ago
Bits about Money
The Bond villain compliance strategy Jurisdictional gamesmanship is a common strategy for crypto businesses. Here is how it worked out...
a year ago
99
a year ago
Jurisdictional gamesmanship is a common strategy for crypto businesses. Here is how it worked out for Binance and its CEO. Spoiler: poorly.
Bits about Money
Seeing like a Bank The structural reasons why banks sometimes behave bizarrely in interactions with customers, like...
a year ago
85
a year ago
The structural reasons why banks sometimes behave bizarrely in interactions with customers, like forgetting things which customers tell them.
Bits about Money
A review of Number Go Up, on crypto shenanigans A review of Zeke Faux's Number Go Up, with some bonus commentary on financial journalism and Tether...
a year ago
Bits about Money
Credit card debt collection Credit card debt is the waste stream of consumer finance. The debt collection industry ends up being...
a year ago
20
a year ago
Credit card debt is the waste stream of consumer finance. The debt collection industry ends up being sordid, for complex structural and microeconomic reasons.
Bits about Money
Requiem for a bank loan A brief retrospective on an attractive product First Republic used to offer, and a wider discourse...
a year ago
28
a year ago
A brief retrospective on an attractive product First Republic used to offer, and a wider discourse on the banking crisis.
Bits about Money
Deposit franchises as natural hedges Many observe that banks seem to be blowing up due to predictable consequences of rising interest...
a year ago
18
a year ago
Many observe that banks seem to be blowing up due to predictable consequences of rising interest rates. How did we get here?
Bits about Money
Deposit insurance maximization as a service In the wake of the recent banking crisis, there is some attention to deposit insurance limits. Some...
a year ago
18
a year ago
In the wake of the recent banking crisis, there is some attention to deposit insurance limits. Some products increase them; here is how.
Bits about Money
Banking in very uncertain times We may be in the early stages of a banking crisis: why, what we're doing to avoid it, and what we...
a year ago
19
a year ago
We may be in the early stages of a banking crisis: why, what we're doing to avoid it, and what we may not get about it.
Bits about Money
Improving how credit cards work under the covers Card networks are legacy systems. Some bugs have persisted for decades, surprisingly, but they can...
a year ago
20
a year ago
Card networks are legacy systems. Some bugs have persisted for decades, surprisingly, but they can be fixed. Stripe provides examples.
Bits about Money
Money laundering and AML compliance A brief overview of what money laundering is, what financial institutions do about it, and why.
over a year ago
Bits about Money
BAM's Early Adopter discount ends soon Bits about Money's Early Adopter discount ends on January 31st, 2023.
over a year ago
Bits about Money
KYC and AML: beyond the acronyms Know Your Customer policies at financial institutions have more nuance than you'd expect.
over a year ago
Bits about Money
BAM is now reader-supported Bits about Money now offers paid memberships. (Plus, a bonus essay on newsletter financial...
over a year ago
21
over a year ago
Bits about Money now offers paid memberships. (Plus, a bonus essay on newsletter financial infrastructure.)
Bits about Money
The infrastructure behind ATMs ATMs are connected to banks by networks which operate little-understood payment rails.
over a year ago
Bits about Money
Credit cards as a legacy system Credit cards have been in use for almost 75 years. Some long-ago decisions still cause consequences...
over a year ago
19
over a year ago
Credit cards have been in use for almost 75 years. Some long-ago decisions still cause consequences in the present day. But change is possible.
Bits about Money
Demystifying financial leverage Leverage is actually reasonably easy to understand, both in the math and in the implications for...
over a year ago
17
over a year ago
Leverage is actually reasonably easy to understand, both in the math and in the implications for financial firms.
Bits about Money
Markets in power How physics and infrastructure combine to generate (ba dum bum) the power market.
over a year ago