article thumbnail

Banks’ Brand Value Slumps for First Time Since 2009 Credit Crisis

Banking Exchange

Morgan and Merrill Bank Performance The Economy Retail Banking Financial Trends Management Feature Customers Performance Feature3. US sector takes 5% hit – despite strong performance from J.P

Branding 125
article thumbnail

JPMorgan Takes On Square And PayPal At The Point Of Sale

PYMNTS

He added that instant funds can help SMBs better manage cash flow . Before Square, launched by Twitter co-founder Jack Dorsey in 2009, SMBs had a hard time maneuvering point-of-sale (POS) card transactions. Square now manages $100 billion in annual payments and has an $83 billion market capitalization, the article said.

Fintech 309
Insiders

Sign Up for our Newsletter

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

article thumbnail

EY Accused Of Missing Alleged Wirecard Fraud

PYMNTS

Wirecard explained that the money was kept that way for risk management, saying it could be saved to provide refunds or chargebacks if needed. WSJ reported on one instance in which an EY senior manager left a note for a Wirecard executive saying EY was preparing to ask questions about a trustee account.

Fraud 327
article thumbnail

Chicago Purchasing Managers Index Tumbles To 38-Year Low

PYMNTS

The widely watched Chicago Purchasing Managers Index fell to 32.3 Order backlogs likewise tumbled 28 percent to their lowest level since March 2009 during the Great Recession. percent of purchasing managers surveyed told the two firms that they expect COVID-19 to impact their businesses for six to nine months. Another 22.9

Chicago 130
article thumbnail

Money Management During The Coronavirus Crisis

BankBazaar

It is way worse than the global financial crisis of 2008-2009.”. Therefore, smart money management is critical to survival through this period. HOW TO MANAGE CASH. The dos and don’ts of liquidity management. There are two broad concerns: managing existing investments and making fresh investments. AVOID PANIC.

article thumbnail

[Guide] Breaking Down the FR 2052a Complex Institution Liquidity Monitoring Report

Perficient

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
article thumbnail

Get your ducks in a row: HVCRE risk management

Abrigo

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. Ashbaugh goes on to demonstrate that the default rates for these loans did not peak until about 2009, and the ALLL did not increase until 2010.