Tiny tech bank defies US massacre of the minnows

Live Oak Bancshares

08/06/2023 13:01

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By John Foley
       NEW YORK, June 8 (Reuters Breakingviews) - After a
string of failures, consolidation is inevitable among the
country’s 4,100 lenders. But $1 bln Live Oak, with no branches
and lashings of technology, punches well above its weight. Even
though rising rates may hurt, the bank shows that bigger isn’t
necessarily better.    
    Full view will be published shortly.
    Follow @johnsfoley on Twitter

 (Editing by Liam Proud and Streisand Neto)
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