PYMNTS

DECEMBER 8, 2020

It was only a few short years ago that the conventional wisdom was that millennials were shaping up to be slower entering the homebuying market than their Gen X siblings and baby boomer parents. Gross national product skyrocketed to $300 billion by 1950, compared to just $200 billion in 1940. Today’s Buying Boom .

Millennials 353

Millennials United States Marketing National 353

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. Iceland’s bank assets were nearly 900 per cent of GDP.

System 236

System US Capital Lending 236

PYMNTS

FEBRUARY 11, 2020

Uber Money in India would be reportedly based on Unified Payments Interface (UPI), the real-time payment system of the National Payments Corp. billion earlier in January and started in 2008. of India (NPCI). In separate Uber news from India, the ride-hailing service is selling its delivery offering to competitor Zomato for a 9.99

San Francisco 186

San Francisco Fintech Analytics New York 186

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 The government guarantee allowed for a secondary market in these loans. And so went the birth of First National Bank of Keystone's meteoric rise. They had been likely sold in the secondary market, and never removed from their books. The blue-suits were not well-received.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

SEPTEMBER 21, 2020

Grab entered Southeast Asia two calendar years ago when it purchased operations from Uber, with Gojek entering the market a year after. The sector is reportedly making a more formidable rebound than following the 2008 financial crisis. Western Union Teams With Isabel Group To Offer Payments In Belgium.

Payments 141

Payments Groups National Regulation 141

PYMNTS

JANUARY 11, 2021

Meanwhile, the National Restaurant Association estimates that more than 100,000 eateries have either closed permanently or at least long term due to the pandemic. That’s nearly twice the drop that retail rents saw following the 2008 Great Recession. That’s one out of every six. Some Good News.

Los Angeles 207

Los Angeles Retail San Diego San Francisco 207

PYMNTS

JANUARY 1, 2020

“Small business job gains have flattened in the second half of the year as labor markets prove very tight,” said James Diffley, chief regional economist at IHS Markit. “In The national jobs index hit 98.16 Wage growth has been on the rise since the 2008 financial crisis, sometimes slow but mostly steady. percent mid-year to 4.13

Tennessee 133

Tennessee Michigan Ohio Regional 133

PYMNTS

AUGUST 18, 2016

While Asian Americans surveyed plan to retire more than a year earlier compared to the national average, 69 percent [of] respondents view themselves as not well-prepared to make financial decisions, and very few actually consult financial professionals,” Prudential said in the press release announcing the upcoming survey. households owed $12.25

Survey 100

Survey Trends Lending National 100

PYMNTS

JULY 7, 2020

The level of market volatility hitting the U.S. and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. ” A Banking Pullback?

Lending 171

Lending Industry Fintech UX 171

PYMNTS

AUGUST 8, 2019

Food trucks have been around since the 1970s, when taco trucks began making the rounds in New York City, but didn’t become a national sensation until 2008 when two events coincided in such a way as to make a long extant — but largely niche — subsegment of the restaurant game into a mass market phenomenon. It’s the social aspect.

New York City 134

New York City Cleveland social media National 134

PYMNTS

APRIL 16, 2020

The clear lesson from 2008 is that preparing early is key to weathering the storm and emerging in a position to continue long-term growth, as we have done over the past decade,” he said in the memo. .

Google 140

Google Apple National Mobile 140

PYMNTS

APRIL 14, 2020

The gig economy is set to expand and take on new importance as the nation and world recover from COVID-19. As is the case today, albeit on a far smaller scale, the market crash of 2008 left millions unemployed and scrambling. While there is no roadmap at present, fortunately, there are pathways.

Millennials 224

Millennials Compliance Payments National 224

PYMNTS

MAY 22, 2020

The impact of COVID-19 crisis on the world economy during 2020 is projected to be greater than the 2008-09 financial crisis,” the survey’s authors wrote. The nation has been in lockdown for months.

Survey 132

Survey Community National Report 132

PYMNTS

MARCH 8, 2019

.” In its announcement, Funding Circle highlighted data released by the Canadian government that found small and medium-sized businesses employ an estimated 90 percent of the nation’s private sector workforce.

Lending 149

Lending Operations National Strategy 149

PYMNTS

MARCH 22, 2019

The country’s national Aadhaar system has already issued unique 12-digit ID numbers to more than 1 billion residents since its launch in 2008, a figure that includes almost the entire Indian population. The need for more seamless digital persona experiences is likely to increase as consumers become more connected.

National 150

National User Experience Cards Data 150

PYMNTS

AUGUST 29, 2018

Speaking during a bank conference covered by The Financial Times , Sewing was quoted as saying: “The emergence of true European champions hinges on a unified regulation in Europe, a single financial market.”. The executive noted that the pressure for banks to consolidate via mergers and acquisitions is only going to increase.

Conference 100

Conference Leadership Regulation National 100

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. 30), Reuters reported , noting that the company is struggling to overcome “collateral damage” resulting from a slowing national economic and a broader “crisis,” the publication said, in India’s lending sector.

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

FEBRUARY 3, 2019

According to the report, ANZ Bank , Westpac , Commonwealth Bank of Australia and National Australia Bank have 75 percent market share in Australia and are able to access lower funding costs than their smaller rivals. That has created an unbalanced market in terms of competition in the country.

Regulation 101

Regulation Fintech Study Industry 101

PYMNTS

JULY 7, 2020

That change in consumer behavior had a lot to do with the market crash of 2008 and differing ideas about financial security, especially between ascendant millennials and cohorts with less collective spending clout. Those are critical. Step reduction is something that can occur without customer input but with automation.

Cards 135

Cards Millennials Conference America 135

PYMNTS

FEBRUARY 19, 2019

19), the former chairman of Barclays bank said that Qatar was “not as central” to the bank’s plans to fundraise billions in 2008, according to a report in the Financial Times. He said the bank needed to raise money and “did not want to be behind the game” while the “level of uncertainty in the market intensified.”.

Capital 115

Capital Fraud National Marketing 115

Jeff For Banks

AUGUST 3, 2020

It's what we did in 2008-10. Unlike 2008, banks were not the bane of our problems. In 2008, we were in the eye of the storm. But many banks were, including the nation's largest. The below chart shows S&P Global Market Intelligence estimates for the rise in bank non-performing assets. And we were successful.

Community Bank 88

Community Bank Community Capital Analytics 88

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Money laundering remains a significant problem in the financial services sector, though, despite the urgency brought about by 2008. Following a joint investigation with U.S.

How To 161

How To Regulation Compliance Meeting 161

TheGuardian

MARCH 17, 2023

In today’s newsletter: We’re far from financial crisis territory, but share crashes have caused some fright in the markets. First, the collapse of Silicon Valley Bank in the US caused jitters in markets that spread across the world. The national absence rate was 7.6%, compared with 4%-5% seen before the pandemic.

How To 81

How To US Video Regional 81

PYMNTS

APRIL 24, 2019

Reports in The National Law Review on Tuesday (April 23) said proponents of the bipartisan bill remain optimistic about its eventual passage into law. Atradius data published in March found that 2019 is likely to be the first year since 2008 in which insolvencies rise. retail market, as USA Today reported earlier this year.

North Carolina 141

North Carolina Conference National Retail 141

Independent Banker

JUNE 30, 2022

He sensed the family’s passion and liked their idea of starting with selling milk at farmers’ markets, roadside shops and small grocery stores. In each new market opened in 2021, the community bank found an experienced ag lender who was seeking a new position. American Bank, National Association. Bunnell listened. Mason City.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

NOVEMBER 5, 2018

Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the aftermath of the Financial Crisis of 2008? To that end, the Federal Reserve proposed last week that some rules be relaxed for 16 financial institutions — though the largest banks in the country are not among them. PSD2 News, Too.

Regulation 128

Regulation Guidelines New York Groups 128

PYMNTS

JUNE 29, 2016

A lot of millennials are still living at home with their parents, but as more and more of them begin moving out in the coming years, they could have a significant impact on both the housing and rental markets. That number hit 21.3 million households in 2014, while 11.4 That number hit 21.3 million households in 2014, while 11.4

Millennials 186

Millennials Study Trends Marketing 186

PYMNTS

AUGUST 8, 2017

When news of the financial crisis broke in 2008 and big banks all over the world were eschewing consumer and small business credit markets, Batine and Dunaev saw an opportunity — one that was particularly pressing in developing nations, an area of the world that was below the big banks’ radars. A New $200 Million Fund.

Lending 105

Lending Capital Fintech Marketing 105

PYMNTS

APRIL 30, 2018

Market volatility and uncertainties linked to Brexit seem to have hit corporate spending in the U.K. The nation’s GDP grew at its slowest pace since Q4 2012, according to the Office for National Statistics — a worse outcome than had been expected for the first quarter of the year.

Survey 100

Survey Data Meeting National 100

PYMNTS

JUNE 2, 2020

While the AAFA is taking its concerns to the government, the National Retail Federation (NRF) has expressed cautious optimism. The program will be led by Ron Bloom, managing partner and vice chairman of Brookfield’s Private Equity Group, who was one of the forces behind the automobile industry bailout during the 2008 financial crisis.

Retail 131

Retail Groups Washington Survey 131

PYMNTS

OCTOBER 24, 2017

Most industries took a major hit during the 2008 recession, especially in the building and construction sector. There have been many reports on the decline of the retail industry , and small retailers aren’t immune to the market trends aligning against brick-and-mortar stores. fitness market. And while all U.S.

Maine 104

Maine Regional United States Retail 104

PYMNTS

MARCH 10, 2020

In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge. Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack.

Data 193

Data Lending Capital social media 193

Abrigo

AUGUST 26, 2015

“… it’s not 2008.”. This is the sentiment of several high-profile executives regarding the National Credit Union Administration’s (NCUA) stance on examination cycles for credit unions. This followed further transparency of the NCUA’s budget, which noted $6.39 million allocated to examiner airfare and auto rentals.

Survey 150

Survey Community National Community Bank 150

PYMNTS

DECEMBER 16, 2020

The pandemic has affected nations around the globe and touched almost every industry, bringing the U.S. One recent report predicted that the market could reach $157 billion in 2020, and another projected its expanse to a staggering $623 billion by 2023 at a compound annual growth rate (CAGR) of 18 percent. . SaaS Sector On The Rise

Software 186

Software California Industry Company 186

PYMNTS

SEPTEMBER 24, 2020

There is growing talk, too, of FIs pulling back from small business loans as they did in the wake of the 2008 financial crisis. As such, a regionally focused financial institution could be best-positioned to address those fluctuating market needs. Surviving Low Interest Rates.

Community 193

Community Community Bank Regional Lending 193

PYMNTS

FEBRUARY 13, 2017

Things went off the rails, not surprisingly, in 2008 — courtesy of the financial crisis. More businesses opened than closed — until 2008. In the aftermath of 2008, only 20 counties — most of them rimming major cities and tech hubs — drove 50 percent of small business formation. The mix of these businesses is also very different.

Retail 134

Retail Innovation Maine Online 134

Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. is officially in a recession, according to the National Bureau of Economic Research. The national effects remain opaque and will continue to change – do not get complacent.

Management 195

Management Risk Management Trends Industry 195