The WorldCom Scandal (2002) - International Banker
Sep 29, 2021 · The WorldCom Scandal (2002) September 29, 2021. Coming hot on the heels of accounting scandals involving Enron and Tyco, both of which sent financial markets into tailspins, the fraud committed by WorldCom, one of the world’s biggest telecommunications companies, ended up dwarfing even those infamous crimes in terms of sheer numbers.
The Enron Scandal (2001) - International Banker
Sep 29, 2021 · The Enron Scandal (2001) Both of these buildings in downtown Houston, 1400 Smith Street and 1500 Louisiana Street, were formerly occupied by Enron. August 2021 marked the 20 th anniversary of arguably the most notorious corporate-accounting scandal of all time. It may not have been the biggest in dollar terms, or even the most severe in terms ...
The Savings and Loan Crisis (1989) - International Banker
Sep 29, 2021 · The US savings and loan industry thrived over the 150 years following its inception in the 1830s, using depositors’ savings to fund homebuyers’ mortgages at lower costs than banks. The model unravelled in the ‘70s and ‘80s as high inflation and interest rates chipped away at S&Ls’ profitability, until some became bankrupt—even criminal.
International Banker - Authoritative Analysis on International …
On July 19, cybersecurity firm CrowdStrike’s Falcon sensor, affecting Windows systems worldwide, hit a glitch that triggered a massive IT …. The Generative AI Revolution in Banking: Transforming Research, Risk Assessment and Compliance. October 8, 2024. GenAI’s potential for metamorphosing operations has captured the attention of banks ...
The Dollar Still Dominates, but De-dollarization Is Unstoppable
Jan 2, 2024 · The United States enjoys a special advantage because of the preeminent status of its dollar as the world’s leading reserve currency and medium of exchange. Other countries are increasingly moving toward knocking the dollar off its throne through de-dollarization. The trend is unstoppable, but it’s unlikely the dollar will lose much of its authority any time soon.
Liquidity Management: A New Challenge for Banks - International …
Jan 10, 2023 · 3.5K. By Phillip Straley, President, FNA . S tories of liquidity pressures have dominated the headlines recently as banks and other financial institutions feel the strain of current market challenges. Even market favourites, such as fast growing fintechs, are feeling the pain of the liquidity shortage. For years, the benefits of abundant and cheap liquidity have meant a benign funding ...
Why Asset and Liability Management Should Be the Nerve Center …
March 6, 2024. By Sean Coyne, Solutions Consulting Principal, Treasury & Capital Markets, Finastra. After being awash with liquidity over the last decade, 2023 proved to be a tumultuous year for banks. Banking failures on both sides of the Atlantic Ocean have renewed focus on asset and liability management (ALM), bringing an often-overlooked ...
Pre-Provision Net Revenue (PPNR) Modelling: A Global Stress …
Jun 15, 2015 · Pre-Provision Net Revenue (PPNR) Modelling: A Global Stress Testing Mandate. June 15, 2015. By Andrew Frisbie, Managing Director, UK Region Head, Novantas. Summary. Since the crisis, stress testing has been a central driver of enhanced global standards for advanced risk management. The use of scenario-based modelling that began with estimations ...
The Generative AI Revolution in Banking: Transforming Research, …
Oct 8, 2024 · Generative artificial intelligence (GenAI) is poised to revolutionize the banking industry, offering unprecedented opportunities for efficiency, innovation and value creation. As financial institutions race to adopt and scale this transformative technology, GenAI is reshaping core functions, such as research, risk assessment and compliance.
Understanding Blackstone Group’s Investment Strategy
Nov 7, 2016 · Understanding Blackstone Group’s Investment Strategy. November 7, 2016. By Jane Winterbottom – International Banker. The returns that Blackstone has earned since its establishment just over three decades ago are impressive by any standards. Its private-equity funds have made an average annual return of 19 percent; its real estate funds have ...