Sat.Nov 23, 2024 - Fri.Nov 29, 2024

article thumbnail

Remember the global financial crisis? Well, high-risk securities are back

TheGuardian

The shadow banking sector is trying its hand at trading in debt-based products such as collateralised loan obligations When Margot Robbie made a surprise cameo in the 2015 film adaptation of Michael Lewis’s book The Big Short , she did more to educate the general population about the risks of securitisation than most financial experts. The Australian actor’s brief monologue, notoriously delivered from a champagne bubble bath, explained how banks were bundling up their growing cache of risky sub-

Security 111
article thumbnail

NCUA has a regulatory blind spot; Congress must act to eliminate it

American Banker

The National Credit Union Administration lacks the authority to regulate third-party vendors that supply vital services to the industry. This creates a major risk to credit union customers and the broader U.S. economy.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Contactless Payments Go Mainstream

ATM Marketplace

Contactless payment technology has become a critical tool for both consumers and businesses in today’s digitally driven economy. As convenience, speed, and safety become increasingly prioritized, the technology allows transactions to be completed with a simple tap or wave, eliminating the need for physical cash or card swipes.

Payments 127
article thumbnail

Stripe to acquire shares in tender offer at USD 70 billion valuation

The Paypers

Stripe, a US-based payment processing company, has announced its intention to purchase back its shares at a nearly USD 70 billion valuation.

US 74
article thumbnail

Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

article thumbnail

TBC Bank Uzbekistan secures USD 10 million from EBRD

The Paypers

TBC Bank Uzbekistan , a mobile-only bank, has announced that it obtained a USD 10 million loan from the European Bank for Reconstruction and Development ( EBRD ).

More Trending

article thumbnail

George Osborne collects share of £30m after record profits at City advisory firm

TheGuardian

Ex-chancellor one of three partners to share sum at Robey Warshaw, co-founded by ‘trillion-dollar man’ Simon Robey The former Tory chancellor George Osborne has collected a share of a £30m pay pot after the City advisory firm Robey Warshaw reported record profits. Osborne was one of three partners to share in the sum at the Mayfair-based boutique investment bank, which advises FTSE 100 and US clients on major corporate deals.

US 99
article thumbnail

The heterogenous effects of carbon pricing: macro and micro evidence

BankUnderground

Ambrogio Cesa-Bianchi, Alex Haberis, Federico Di Pace and Brendan Berthold To achieve the Paris Agreement objectives, governments around the world are introducing a range of climate change mitigation policies. Cap-and-trade schemes, such as the EU Emissions Trading System ( EU ETS ), which set limits on the emissions of greenhouse gases and allow their price to be determined by market forces, are an important part of the policy mix.

article thumbnail

Self-Service Innovation Summit executive panel to share future predictions, strategy insights

ATM Marketplace

This year’s Self-Service and Innovation Summit, hosted by Networld Media Group in Tampa, Florida from December 9-11 will culminate with “Thought leader roundtable: Executive predictions,” a panel dedicated to helping decipher fact from fiction and providing practical advice for building your business.

Tampa 154
article thumbnail

Credit card delinquencies mount, Fed says

Payments Dive

Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

Cards 398
article thumbnail

State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

article thumbnail

Russia’s rouble plunges to lowest rate since early weeks of Ukraine war

TheGuardian

Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russia’s third-largest bank Russia’s rouble has plunged to its lowest rate against the dollar since the early weeks of the full-scale invasion of Ukraine in the wake of new western sanctions and growing geopolitical tensions. The rouble on Wednesday hit 110 against the dollar for the first time since 16 March 2022.

US 111
article thumbnail

Survey: Bank leaders expect mergers and acquisitions to increase in 2025

ABA Community Banking

More than two in five bank leaders believe their institutions will buy another bank in 2025, suggesting a potential uptick in merger activity in the coming year, according to a new survey on M&A by Bank Director. The post Survey: Bank leaders expect mergers and acquisitions to increase in 2025 appeared first on ABA Banking Journal.

Survey 59
article thumbnail

The Mortgage Maze: Your Guide for Navigating the Mortgage Lending Process

Ublocal

Fall is a time for foliage, pumpkins, and corn mazes. In fact, Vermont is home to New England’s largest corn maze, known as the “Great Vermont Corn Maze,” which stretches for 24 acres. But, just as a maze can be a confusing and winding path, so can the mortgage process. With the proper guidance, you can be prepared before meeting with a lender by knowing what they will ask, what you should ask, and what documents you should have ready.

article thumbnail

BNPL use may rise this year for holiday shopping

Payments Dive

With credit card interest rates at a historic high, consumers are likely to gravitate to lower-cost alternatives, including potentially buy now, pay later options, industry consultants say.

Cards 369
article thumbnail

Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

article thumbnail

Senior UK bankers will get bonuses years earlier under plan to relax rules

TheGuardian

PRA and FCA propose changes to bonus deferrals in bid to drive growth and improve UK competitiveness Business live – latest updates Senior UK bankers will receive their bonuses years earlier under plans by the Bank of England to relax post-financial crisis restrictions. The proposals are to reduce the bonus deferral period for some of the most senior bankers from eight years to five.

89
article thumbnail

Where's cash headed in 2025?

ATM Marketplace

Where is cash headed in the 2025? What about ATM usage and recyclers?

ATM 133
article thumbnail

Bank Community Engagement: Small-business lending can be a win-win. Here’s how.

ABA Community Banking

An approach that not only addresses challenges of access to capital for underserved communities, but one that also builds a customer pipeline for the future. The post Bank Community Engagement: Small-business lending can be a win-win. Here’s how. appeared first on ABA Banking Journal.

article thumbnail

Democrats bash CapOne-Discover merger proposal

Payments Dive

A group of Congress members told federal regulators to consider Capital One’s regulatory infractions in reviewing its proposed acquisition.

Capital 222
article thumbnail

The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

article thumbnail

Barclays fined £40m for ‘reckless’ failures in 2008 Qatari fundraising

TheGuardian

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.

article thumbnail

End-to-end cash management meets modern banking needs

ATM Marketplace

There is a great need for banks to optimize processes to keep cash relevant and cost effective, but also ensure that it fits within the wider payments landscape

Meeting 133
article thumbnail

Climate and monetary policy series

BankUnderground

Boromeus Wanengkirtyo, Francesca Diluiso, Rebecca Mari, Jenny Chan, Ambrogio Cesa-Bianchi and Alex Haberis. Climate change is becoming increasingly important for monetary policy as the world transitions into greener economies and climate change’s physical impacts become more prominent. This is complementary, but distinct to, examining how climate change affects financial stability risks ( Carney (2015) ).

article thumbnail

Push payment scam losses to surpass $3B by 2028: report

Payments Dive

U.S. fraud losses due to push payment scams are rising, partly because of more real-time payments, according to a report from the payments company ACI Worldwide.

Report 222
article thumbnail

Outsource With Confidence for RDC Program Success

Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

article thumbnail

FCA fines Macquarie Bank £13m for fictitious trades amid ‘serious failings’

TheGuardian

Trader was able to record more than 400 fictitious trades over a period of 20 months, says watchdog Business live – latest updates Macquarie Bank’s London branch has been fined £13m by the UK’s financial watchdog for “serious failings” that allowed one of its junior traders to record more than 400 fictitious trades over a period of 20 months. The Financial Conduct Authority said that Travis Klein, a trader based on the Australian investment bank’s London metals and bulks trading desk from August

55
article thumbnail

The evolving rate of patch management and eISSU for financials

Cisco

Learn how financial institutions can address ransomware and software and patch requirements to address public vulnerabilities.

article thumbnail

Chase and other megabanks aren't — and never will be — community banks

American Banker

"Too big to fail" banking giants like to masquerade as community banks when it suits their purposes, but they will never be able to replace real, local bankers with deep ties to their customers.

article thumbnail

Five Bank Profitability Challenges and the Strategies to Overcome Them

The Financial Brand

This article Five Bank Profitability Challenges and the Strategies to Overcome Them appeared first on The Financial Brand. Some challenges, like the erosion of overdraft revenue, will demand short-term solutions until long-term answers jell. This article Five Bank Profitability Challenges and the Strategies to Overcome Them appeared first on The Financial Brand.

article thumbnail

The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!