TheGuardian

NOVEMBER 25, 2024

Bank’s shares fall as it disputes FCA finding it should have disclosed more about deal during financial crisis Business live – latest updates Barclays will pay a fine of £40m for “reckless” failures to disclose a fundraising deal with Qatar at the height of the financial crisis, after the British bank agreed to withdraw a legal challenge against it. (..)

Regulation 71

Regulation 71

Payments Source

JULY 27, 2020

Bill Clerico created WePay during the last financial crisis, and sees a similar opportunity now. The coronavirus pandemic is affecting different markets in vastly different ways, and easing the flow of capital is just one way to provide help.

Fintech 206

Fintech Capital Marketing Retail 206

Chris Skinner

SEPTEMBER 13, 2018

It’s exactly ten years since I landed in Vienna for Sibos 2008 on Sunday, September 14 2008, to find voicemail after voicemail asking for commentary … The post Today marks ten years since Lehmans collapsed and the GFC started appeared first on Chris Skinner's blog. It’s exactly ten years since Lehman Brothers collapsed.

Case Study 271

Case Study Study 271

Chris Skinner

JULY 4, 2017

HSBC previously topped the ranking in 2008. In 2008, UK banks delivered 10% of global banking profits; however, that contribution has shrunk to 1.80%. Despite holding on to 9th position, they suffered a 62% fall in profits, making this their worst result in seven years.

Metro 403

Metro Capital Taxes Maine 403

Chris Skinner

FEBRUARY 16, 2016

Bitcoin: A Peer-to-Peer Electronic Cash System (9 pages, October 2008) The origins of the whole thing in … There’s been a large number of white papers produced recently about Fintech and Blockchain, so I decided to collate the most notable ones here. All links are to file downloads and if I’ve missed any, please let me know.

blockchain 279

blockchain Fintech Bitcoin System 279

TheGuardian

JANUARY 11, 2023

The report, published by a collective of climate activist groups known as the One to One campaign, suggests those financial repercussions could eclipse those linked to the 2008 banking crisis, which forced the government to bail out major lenders including Royal Bank of Scotland and Lloyds Banking Group, and cost the UK roughly £560bn.

Groups 123

Groups Regulation Report 123

Chris Skinner

JUNE 16, 2020

Things we’re reading today include … Banks ‘could share branches’ in bid to rescue access to cash Visa hails ‘permanent’ shift in consumer spending habits Banks must treat debt-laden firms fairly to avoid replay of 2008, says FCA chair New trials planned for cash-stricken communities UK Finance boss resigns as … The post (..)

Community 277

Community 277

TheGuardian

MARCH 9, 2024

What it ignores is the way the US economy zips ahead on fantastical stock market valuations and off-balance-sheet accounting reminiscent of the years before the 2008 financial crisis. And how both these habits could bite back in a big way, much as they did in 2008, and pretty soon. Continue reading.

US 111

US Analysis Innovation Marketing 111

Chris Skinner

APRIL 25, 2018

It’s when our money is breached or lost that banks misbehave, which is why the 2008 financial crisis was so concerning. Banks are trusted guardians of our money. As long as our money is safe, then we trust them. The run on Northern Rock and Bear Stearns were terrible moments … The post What is the worst thing a bank can do?

Case Study 262

Case Study Study Digital Banking Technology 262

Chris Skinner

OCTOBER 13, 2017

Things we’re reading today include … Who is John Flint?

Millennials 258

Millennials Cards 258

PYMNTS

NOVEMBER 22, 2020

The figure, which approaches banks’ losses during the 2008 sub prime mortgage crisis, resulted from an analysis performed by the U.S. Private lenders lost $535 billion on low-quality mortgages during the 2008 Global Financial Crisis, Mark Zandi of Moody’s Analysics told the WSJ, according to Saturday’s article.

Report 283

Report Chicago Analysis Taxes 283

Bank Innovation

OCTOBER 18, 2017

Founded in 2008, the Redwood City, Calif.-based In its first major fintech acquisition, JPMorgan Chase will acquire WePay, bringing its software to the small businesses the bank serves. based WePay provides payment solutions for enterprises.

Software 236

Software Fintech Technology Payments 236

TheGuardian

DECEMBER 30, 2024

They also stressed the importance of not forgetting the painful lessons of the 2008 global financial crisis. The experts were responding to the chancellors November Mansion House speech, in which Ms Reeves suggested that post-crisis regulations have gone too far .

Regulation 111

Regulation Strategy System Industry 111

Bank Innovation

JUNE 14, 2017

Think the financial world has finally recovered from the 2008 crisis? Think again. Most investors still count themselves as “influenced” or “strongly influenced” by the events of the financial crisis, according to the Legg Mason 2017 Investment survey released recently.

Millennials 225

Millennials Survey Innovation 225

Bank Innovation

DECEMBER 9, 2019

First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks face what one financial regulator calls the “real game changer.” Jesper Berg, the head of the Financial Supervisory Authority in Denmark, says the next big threat for banks is the rapid spread of big tech into financial services. The […].

Data 221

Data Regulation Security Compliance 221

TheGuardian

FEBRUARY 14, 2025

Paul Thwaite could earn up to 7.7m, and move comes as bank prepares to return to full private ownership NatWest wants to increase its chief executives maximum pay by more than 40%, as the banking group prepares to return to full private ownership 17 years after it was bailed out by taxpayers during the 2008 financial crisis.

Groups 90

Groups 90

PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. The statement from FinCEN said Capital One established the Check Cashing Group as a business unit within its commercial bank in 2008.

Capital 268

Capital New Jersey Groups New York 268

Perficient

OCTOBER 19, 2020

I was onsite at a client’s office on September 29, 2008, when the stock market began to crash.

Software 322

Software Management Security Tools 322

TheGuardian

JANUARY 17, 2025

Latest setback, after talks with Treasury, blamed on lack of clarity about implementation in US Business live latest updates The Bank of England has delayed the introduction of tougher global banking capital rules by a further year to prevent another 2008-style crash, blaming the second delay on a lack of clarity about its implementation in the US.

US 81

US Regulation Capital Policies 81

PYMNTS

AUGUST 4, 2020

Although the 2008 financial crisis jolted the world economy, the financial conditions leading up to the disruption had been a long time coming. Lessons Learned From 2008. It’s perhaps the biggest economic difference between then and the current climate, in which a global pandemic thrust millions of workers in the U.S.

Capital 310

Capital Strategy Analytics Innovation 310

TheGuardian

MARCH 31, 2025

Rise from current limit of 85,000 would be first big change to protection scheme since 2008 banking crisis Business live latest updates UK savers would have up to 110,000 of their deposits protected if their bank or building society goes bust under proposals put forward by the Bank of England. Continue reading.

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59

Bank Innovation

JUNE 14, 2018

Alior Bank, headquartered in Warsaw, was founded in 2008 and has more than 3 million customers, 216 branches, 219 high-tech mini branches that it […]. PREMIUM - Add another challenger bank to the mix, this time in Eastern Europe.

Innovation 207

Innovation Operations Online Fintech 207

PYMNTS

SEPTEMBER 20, 2020

The Wall Street Journal (WSJ) reported the industry is making a stronger comeback than after the 2008 financial crisis, contrary to the predictions the pandemic could paralyze trade permanently. While most sectors have suffered from the pandemic, global trade has proved remarkably resilient.

Massachusetts 239

Massachusetts Regional Data Report 239

TheGuardian

NOVEMBER 11, 2024

after the two-stage nationalisation by the last Labour administration in 2008-09 – was still 38%. If that feels like an age, it is a shorter timespan than seemed likely only 12 months ago. At the end of the last year, the government’s stake – 84.9% Now it is down to 11.4%

Groups 84

Groups 84

Perficient

OCTOBER 24, 2024

Learning from history, he referenced the lack of regulatory controls in derivatives and financial engineering before the 2008 financial crisis, and more recently, the unregulated growth of cryptocurrencies leading to the “Crypto Winter” of 2022.

Regulation 221

Regulation Risk Management Compliance Fraud 221

PYMNTS

JANUARY 24, 2021

Iain McNicoll , Payoneer’s vice president for SMBs in the Americas, told PYMNTS in September that small companies started eyeing the digital ecosystem over 10 years ago in the midst of the 2008 financial crisis.

Report 314

Report America Google National 314

Chris Skinner

MARCH 20, 2017

The article notes that the big American banks control 70% of all US assets, and that this figure has increased 40% since 2008. In the lead up to 2008, parallel to increasing debt levels, the size of banks rose sharply, especially relative to the size of certain economies.

System 236

System US Capital Lending 236

South State Correspondent

MARCH 16, 2020

Unlike the recession of 2008, where the economic impact came over many months, this pandemic impacted businesses in weeks providing much less time to prepare and adjust. The Fed did more than cut rates on Sunday; they pumped a massive amount of liquidity in the system, sending a signal to banks to level up.

System 199

System 199

Perficient

FEBRUARY 23, 2021

The financial crisis of 2008 and 2009 highlighted the need for timely data to identify and monitor liquidity risks at individual firms, as well as in aggregate across the financial system, especially with respect to intra-company flows and exposures within a consolidated institution.

Report 309

Report Risk Management Data System 309

Perficient

JULY 9, 2020

Introduced in 2008 by the Web Accessibility Initiative (WAI) group, the family of attributes known by the acronym ARIA (Accessible Rich Internet Applications) allows developers to supplement HTML where it lacks in accessibility.

Groups 322

Groups Technology Tools Guidelines 322

PYMNTS

DECEMBER 18, 2020

The case in question goes back to 2008 when a Bulgarian wrestler was investigated for reportedly turning to drug trafficking. The fact that the bank let it continue until 2008, or even beyond, impeded or frustrated the detection of the money laundering activities,” the indictment read, according to Bloomberg.

Compliance 203

Compliance Report Regulation Innovation 203

PYMNTS

JUNE 29, 2020

EY has been auditing for Wirecard since 2008 when it was hired to conduct a special audit over allegations that there were deficiencies in the company’s financial statements, and then EY continued as the company’s regular auditor from 2009 onward.

Fraud 327

Fraud Risk Management Report Management 327

Chris Skinner

APRIL 24, 2017

I was particularly impressed with Pakistan’s moves, which seek to encourage people to move away from cash and find financial inclusion, unlike India’s demonetisation … The post What’s it like being unbanked?

National 316

National Strategy Case Study Mobile 316

American Banker

MAY 2, 2023

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FDIC 100

FDIC Policies Compliance Regulation 100

PYMNTS

APRIL 6, 2020

With an idea born from the ashes of the global financial meltdown of 2008, the founders of “buy now, pay later” success story Afterpay understood then that a “…younger generation would be more apt to buy things they wanted and needed if they could use their own money and pay over time — in a way that didn’t incur revolving debt, interest or fees,” (..)

eBook 179

eBook Payments 179

PYMNTS

DECEMBER 9, 2020

Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. Before 2008, banks were making a lot of money from a lot of things,” noted Lukies.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

DECEMBER 23, 2020

That figure is close to banks’ losses from the 2008 sub-prime mortgage crisis. Bad student loans are a problem for Americans, with taxpayers slated to take a $435 billion hit from borrowers not repaying student loans correctly, PYMNTS writes. According to the analysis by the U.S. trillion combined will pay back around $935 billion.

Taxes 285

Taxes Analysis Payments Report 285