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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

September 11, 2001 will stay with Americans forever. T he events that unfolded in that bright blue sky on September 11, 2001 will stay with Americans forever. BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. Never Forget.

Training 195
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Prepare for stronger C&I lending demand: A $1.7 trillion “wave”

Abrigo

Indeed, measuring C&I balances from the low to the high of an expansionary period shows commercial lending grew by the following amounts during recent upcycles: 1993-2001: 87.5% Commercial loan balances historically fall during economic slowdowns, then increase substantially during the growth cycles that follow downturns. 2004-2008: 82.6%

Lending 195
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Data Enablers: Spreadshirt, Data-Driven T-Shirts

PYMNTS

Germany- and Boston-based Spreadshirt uses data, analytics and even social media information to build a product and spread news among communities while printing more than 3.6 We automate complex payment and tax regulations in over 180 countries and offer a variety of payment checkout options,” said Smoter. million items last year. “[Our

Data 100
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The dot-com bubble recession began in March 2001 and lasted only 8 months. percent of all jobs in 2001 to 11.3 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. Most of the more than 500 financial institutions that failed were community banks.

FDIC 78
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Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

The pandemic-induced challenges have also been taxing for community financial institutions (FIs) and credit unions (CUs), as many were not designed to operate remotely. Credit Union. The past year has been one of the most trying in recent memory for lenders as well as consumers.

Trends 259
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Guest Post: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

We have one year to go to match the longest expansion since World War II, which was the prosperous period engineered by Maestro Greenspan from March, 1991 to March, 2001. This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. The economy has grown 2.2%

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Consumer Lending: Should Banks Do It?

Jeff For Banks

Ever since we formed our company in 2001, this has been the case. Most community financial institution strategies has some sort of “community” focus. It’s implied whenever someone says “we’re a community bank”. pre-tax profit as a percent of the portfolio. And it wasn’t an anomaly. Fixed home equity loans… nope.

Lending 60