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The Great Credit Card Program Outsourcing Debate

PYMNTS

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. “The Do FIs want to navigate card programs through that?”.

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Data Dive: Disappointment Edition

PYMNTS

This week we got something of a combo platter of those theories: Millennials are shunning credit cards because they’ve been denied in the past, and, well, rejection hurts. Investments pushed Amazon’s operating margin down to 1.8 The question will be whether the big investments will make for even more impressive ones next quarter.

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LendingClub Settles With SEC, DOJ

PYMNTS

The investigation also discovered irregularities with asset management arm LC Advisors (LCA), a sub-unit of the company dedicated to using loans to construct funds for investors. LCA and Laplanche, along with former CFO Dolan, were also charged with improperly adjusting fund returns. million Series C round in April of 2010.

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Transcript: David Snyderman, Magnetar Capital

Barry Ritholtz

00:06:01 [Speaker Changed] So you end up as head of global credit and senior managing director at Citadel Investment Group, was that right? So the, the first one that I think about is the investing business itself is an operating business. Did they seed you, did they invest you? When are you gonna start investing?

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Transcript: Greg Davis, CIO Vanguard

Barry Ritholtz

Greg Davis, Chief Investment Officer at a little shop called the Vanguard Group, which manages $8 trillion. Few people are in a position to see what’s going on in the world of investing, whether it’s institutional or retail, better than Vanguard CIO. So a variety of risk meetings, a variety of economic meetings.

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Transcript: Ted Seides

Barry Ritholtz

Let’s talk a little bit about your alternative investments career. And so alongside of Wall Street recruiting in my senior year, I interviewed at the Yale Investments Office and was fortunate to get that job and violated the two principles I had at the time, which was I wanted to be in a training program and I wanted to leave New Haven.

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Transcript: Armen Panossian

Barry Ritholtz

I found this to be just a masterclass in everything you need to know about distressed credit investing, private credit, the role of the economy, the fed interest rates, inflation, bottoms up, credit picking, and how to manage a firm and a fund in light of just massive dislocations in your space, as well as the overall economy.