article thumbnail

Managing Time Deposits – How To Use “Specials” And Odd-Month CDs

South State Correspondent

Something might be getting lost in the tribal knowledge of managing time deposits. In this article, we highlight how to better manage time deposits to prevent banks from destroying value. The CD market was born and managing time deposits was a new banking skill.

article thumbnail

NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent. The price of an individual taxi medallion sold at an auction skyrocketed 240 percent from 2004 to 2014, from $283,300 to $965,000.

Fraud 223
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

U.K.'s Refinitiv to buy Texan anti-fraud firm Giact

Payments Source

Refinitiv, a global risk intelligence firm, has agreed to buy Giact, a company founded by a brother-and-sister team in Allen, Texas in 2004 to enhance payment fraud protection and identity verification for banks and corporations.

Fraud 118
article thumbnail

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

Abrigo

2004-2008: 82.6% The emphasis for commercial credit risk management and evaluation is cash flow, fixed charges coverage, and working capital cycles. Digital engagement : CRE credit risk management tends to focus primarily on annual tax returns and rent rolls, while C&I lending relies on higher-frequency reporting.

Lending 195
article thumbnail

Cybersecurity Awareness Month: How financial institutions can stay safe and secure online

Abrigo

First held in 2004 The history of Cybersecurity Awareness Month October is a special month for cybersecurity enthusiasts. Launched to provide resources Cybersecurity Awareness Month was launched in 2004 by the National Cybersecurity Alliance (NCA) and the U.S.

Online 221
article thumbnail

Jack Ma Tells Chinese Regulators Ant Group Not A Bank

PYMNTS

Ant, formed in 2004 as Alibaba's payments processor, also works to connect China's borrowers and lenders and can secure short-term loans in minutes. It has broadened its reach to include artificial intelligence and other such techniques to work with insurance, wealth management and other types of products.

Groups 196
article thumbnail

Swiss Prosecutors Charge Credit Suisse Over Alleged Drug Money Laundering

PYMNTS

Credit Suisse has been indicted by Swiss prosecutors for allegedly failing to prevent money laundering, Bloomberg reports, adding that a former bank manager was also indicted alongside Credit Suisse. But prosecutors said Credit Suisse had known about the deficiencies since around 2004.