Remove 2014 Remove Capital Remove Taxes
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FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act

PYMNTS

15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). According to a statement from FinCEN , Capital One admitted to failing to implement and maintain an effective anti-money laundering (AML) program.

Capital 268
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Top concerns and growth strategies of community banks: Part II

Abrigo

We can find answers in the August Bank Director’s 2014 Growth Strategy Survey , which asked executives from banks of all sizes across the United States about their growth strategies for the next 12 months. Source: 2014 Growth Strategy Survey. Source: 2014 Growth Strategy Survey. Source: 2014 Growth Strategy Survey.

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Direct Listings And SPACS, Change The Face of Public Offerings

PYMNTS

firms alone raised more than $435 billion, far outpacing the $279 billion raised in 2014, the previous annual record. As 2020 sunsets, we’ve seen all manner of listings, including previously less-prevalent ones that, in a year like no other, outperformed traditional initial public offerings in terms of dollars raised.

New York 270
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What is the FASB’s process for issuing standards?

Abrigo

The Financial Accounting Standards Board (FASB) continues to receive attention surrounding their proposed current expected credit loss (CECL) model , as final guidance is expected to be released late 2014 or early 2015. Russell Golden, FASB chairman, recently explained the process.

Analysis 207
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A too-busy-to-change mentality can cost accounting firms new business

Abrigo

How many times have you had to refer a client out to another financial services firm because your firm is too busy putting out fires with tax and audit work to provide business analytics or other advisory services ? In other words, if your firm doesn’t offer help before it’s requested, you could be losing clients.

Taxes 191
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Interest, Auto Lending And Credit Cards Boost Capital One’s Q1

PYMNTS

Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. Capital One reported net income up 71 percent to $1.3 The competitive marketplace remains intense, but generally rational.

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Changes To Business Lending Underway At India’s PSU Banks

PYMNTS

For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations. PSUs calculate a borrower’s working capital requirements by looking at the difference between assets and liabilities. In 2014, that figure had improved to about 53 percent.

Lending 130