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.

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Groups Regulation Report 116

PYMNTS

MARCH 13, 2020

Banking officials are in a panic over the coronavirus as it upturns their revenues, with PJT Partners restructuring specialist Tim Coleman describing the viral pandemic as “like a cross between September 11 and the global financial crisis of 2008.”.

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Meeting Industry Marketing Company 141

TheGuardian

OCTOBER 5, 2022

News comes day before chancellor is due to discuss impact of market turmoil with main high street lenders The average rate on a new two-year fixed mortgage has risen above 6% for the first time since 2008, according to data that will intensify concern about the crisis in the home loans market.

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Maine Meeting Marketing Data 92

PYMNTS

MAY 23, 2017

trillion peak it reached in the fall of 2008 — the same time that the Great Recession was earning its place in the history books. trillion at the end of the first quarter of 2017, up $473 billion from a year ago and $50 billion above the previous 2008 record. trillion in household debt of 2008 represented 85 percent of the U.S.

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Millennials Lending New York Trends 108

TheGuardian

JULY 2, 2020

Court hears Qatari leader spoke to then PM as bank pressurised to accept government money A Qatari leader spoke to then prime minister Gordon Brown during the 2008 financial crisis as Barclays came under increasing pressure to accept government money, a former bank boss has told a high court judge. Continue reading.

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TheGuardian

OCTOBER 21, 2022

The provisional fine – which Barclays is in the process of appealing against – relates to the £322m the bank paid to Qatar in 2008, allegedly in exchange for the gas-rich Gulf state investing £4bn, helping save the lender from a UK government bailout. Continue reading.

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Regulation 77

TheGuardian

AUGUST 14, 2023

The civil action was filed in November 2018 alleging misconduct related to UBS’s underwriting and issuance of residential mortgage-backed securities (RMBS) issued in 2006 and 2007, according to the justice department.

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Fraud US Groups Security 59

Bussman Advisory

NOVEMBER 26, 2022

Sequoia Capital warns today’s downturn is worse than 2000 and 2008. The post Apple & Twitter are on a collision course | Sequoia Capital warns today’s downturn is worse than 2000/2008 | Impact of metaverse on digital marketing appeared first on Bussmann Advisory AG. More information on www.bussmannadvisory.com.

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Course social media Apple Capital 97

FICO

SEPTEMBER 13, 2022

UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis. Changes in card management, customer behaviour and regulations make card delinquencies and other trends very different from the crash of 2008. In 2008, it reached a peak of 4.5%. In 2008 it was 5.25% with 4.62% in 2009. Darcy Sullivan. by Liz Ruddick.

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Trends Cards Payments Management 52

BankInovation

JUNE 8, 2020

government and business spending on tech might drop 5% in 2020 due to the pandemic, by optimistic estimates, whereas the 2008 financial crisis spurred a 2% drop, according to Forrester Research.? “The The pandemic’s effect on tech budgets is not only more than the 2008 financial crisis, but might also have a lingering effect on […].

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Innovation Strategies Digital Banking Strategy Innovation 64

PYMNTS

APRIL 10, 2017

The 2008 recession may have had a stronger impact on the retail world than once previously thought. 6,200 | Peek number of store closings in 2008. 6,200 | Peek number of store closings in 2008. When this turbulent time for retailers hit, the world was in the midst of an expanding eCommerce growth period.

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Retail US Data 101

TheGuardian

MARCH 26, 2023

Not since the 2008 financial crisis has the global banking system appeared so fragile, as the rapid increase in interest rates used to tackle soaring inflation sends shock waves through the City. How bad can it get? Continue reading.

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System Marketing 64

Accenture

JUNE 22, 2022

Banks in Europe need to prepare for the biggest set of regulatory changes since the aftermath of the 2008 global financial crisis. They’ll soon have to comply with sweeping sustainability rules drafted by national governments and financial services regulators.

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National Regulation Trends 509

The Financial Brand

AUGUST 8, 2024

This article Does Rapid Growth in Home Equity Credit Signal a Coming Repeat of the 2008 Meltdown? This article Does Rapid Growth in Home Equity Credit Signal a Coming Repeat of the 2008 Meltdown? appeared first on The Financial Brand. An appetite for credit is pushing homeowners toward more home equity financing.

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ATM America Branding New York 35

Accenture

JANUARY 26, 2023

Unlike in the 2008 financial crisis, banks today are well-capitalized and better prepared to withstand economic shocks.… As a result, it is difficult to make confident decisions about the medium-to-long term. However, Accenture believes commercial banks have an opportunity to reinvent themselves and reposition for the future.

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Trends Capital 423

PYMNTS

APRIL 10, 2017

Credit Suisse Group AG analyst Christian Buss reports that year-to-date store closings are already outpacing those of 2008, when the country was at the peak of a recession. It’s estimated that there could be 8,640 store closings in 2017, higher than the 2008 peak of about 6,200. Already in 2017, HHGregg Inc.,

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Retail Course Online Groups 113

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.

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Fintech Capital Marketing Retail 206

TheGuardian

JUNE 13, 2020

The £1.5bn case of the high-flying businesswoman began its high court hearing this week It is June 2008 and the start of the financial crisis. Everyone in the City of London is firefighting, but two bankers are wrestling with an especially thorny problem.

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FICO

AUGUST 21, 2020

When it comes to fraud and COVID-19, the Great Recession of 2008 provides some important lessons that can help banks and consumers protect themselves against the increased risk. Here’s what different about fraud during COVID than 2008. There’s one fraud pattern that’s highly predictable: when the economy goes down, fraud goes up.

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Fraud Customer Experience Tools Analysis 52

Bobsguide

OCTOBER 4, 2018

Since the financial crisis started in 2008, institutions around the world have had to deal with regulation after regulation being introduced to increase transparency and to create a safer, robust and more transparency transparent financial system. Between 2009 and 2012 alone, more than 50,000.

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Regulation System 60

TheGuardian

MARCH 18, 2023

The travails of Credit Suisse and others have stirred up bad memories for a public still scarred by the financial crisis No one in the Treasury had expected March to be easy. Last Monday’s economics-heavy review of defence and foreign policy, and last Wednesday’s budget, meant that a tough week for its mandarins was already priced in.

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California Policies Strategy Regulation 94

TheGuardian

MAY 13, 2020

In 2008 progressives failed to anticipate and define a compelling story about the financial crisis. But a clear diagnosis of the nature of this crisis, the longstanding weaknesses it has exposed, and a progressive story of how we might recover from it, are as vital now as they were in 2008.

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Policies 75

BankUnderground

JULY 3, 2020

The black line in Chart 1 shows that labour productivity – defined as output per hour worked – has stagnated since around 2008. In a recent Working Paper , my co-author and I studied the recent weakness in labour productivity in the United Kingdom.

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Trends Policies Examples Data 119

Chris Skinner

JULY 2, 2020

Barclays: Qataris spoke to Gordon Brown to ‘defuse 2008 bailout pressure’ Trade finance stumbles into the digital era Hong Kong: HSBC … The post Things worth reading: 3rd July 2020 appeared first on Chris Skinner's blog.

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America Groups Payments 408

TheGuardian

JUNE 16, 2020

‘Inescapable’ that some firms will accumulate unaffordable debt, says Charles Randall The head of the City watchdog has told banks to prepare for a surge in business customers falling behind on their debts, but warned firms must be treated fairly to avoid a “replay” of 2008 when trust in lenders collapsed.

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Bank Innovation

MARCH 12, 2020

mobile payments companies founded after the 2008 financial crisis, and digital banks including Chime Inc. Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. Square Inc. and Stripe Inc.,

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Digital Banking Payments Fintech Mobile 359

Accenture

JUNE 24, 2020

The situation for banks today is, however, very different than that which they faced in the 2008-09 financial crisis. The COVID-19 pandemic has affected every industry and banks certainly have not been spared. Banks are generally stronger and better capitalized than they were then.

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Capital Industry 370

Bussman Advisory

OCTOBER 14, 2021

The latest edition of the FinTech Ecosystem Newsletter is here : The post Coinbase preps NFT marketplace | Microsoft to shut down LinkedIn website in China | Crypto could cause 2008-level meltdown, Bank of England warns appeared first on Bussmann Advisory AG.

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social media blockchain Google Fintech 52

TheGuardian

SEPTEMBER 23, 2023

In an exclusive interview, the head of the Prudential Regulatory Authority talks about Credit Suisse, the gilt market meltdown – and stress-testing banks for the climate crisis • ‘Terrible climate events happen all the time’ Sam Woods’s 20th wedding anniversary was more eventful than he’d expected.

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Regulation US Operations Marketing 88

American Banker

AUGUST 1, 2023

Banks locked in funding by offering more enticing rates on certificates of deposit last quarter, but rebuilding liquidity came at a cost. Competition isn't dying down either, with a couple of credit unions floating 6% CD rates.

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TheGuardian

JULY 31, 2022

A few short years after the financial crash, oil, food and flights were affordable again. But this downturn looks much darker Watching the Conservative party candidates spray money around as they vie to win the keys to No 10, it seems churlish to ask where the cash will come from.

Cards 98

Cards Leadership 98

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.

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Case Study Study 271

BankInovation

MARCH 27, 2023

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade. The deal to settle SVB’s fate could help tamp down some of the turmoil that has engulfed the financial world, and shares of regional banks […]

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Regional US Company 52

Payments Source

MARCH 21, 2016

cut Chief Executive Officer Kenneth Chenault's pay 26 percent to the lowest level since 2008 after the credit-card lender's stock and profit slumped last year. American Express Co.

Cards 60

Cards Analytics 60

Chris Skinner

MAY 28, 2019

That was before September 2008. I’ve worked with the bank and they have some great people. It used to be that their investment banking services were one of the best in Europe, alongside UBS and Barclays Bank. Since then, it’s been like an old … The post The world’s most destructive bank?

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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 (..)

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Community 277

Chris Skinner

SEPTEMBER 18, 2018

It’s interesting that the Global Financial Crisis (GFC) sparked by Lehman Brothers collapse in September 2008 sparked the FinTech revolution, according to some.

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Fintech System 375