PYMNTS

FEBRUARY 18, 2020

Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus ? In a series of actions aimed at boosting liquidity (and, by extension, economic stability), China’s central bank has pumped money into the country’s financial system, which had been slowing markedly even before the pandemic.

Economics 52

Economics Banking Retail Financial Systems 52

PYMNTS

NOVEMBER 12, 2020

Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are again on the lookout for a possible new banking crisis spawned by upheaval in the U.S. commercial real estate sector. No Quick Fix. The Government’s Response.

Banking 91

Banking Concentration Financial Systems Retail 91

PYMNTS

NOVEMBER 10, 2020

Many consumers move to new countries to pursue economic opportunities, but adjusting to these locations also requires learning the ins and outs of new financial systems — a transition that can be filled with friction. How Rayo Delivers Immigrant-Focused Financial Services. Consumers who move to the U.S.

Banking 86

Banking Compliance Currencies Financial Systems 86

CFO News Room

DECEMBER 24, 2022

Ironically, the Fed is slowing the economy, after it came to the rescue in the last two economic downturns. The central bank helped stimulate lending by taking interest rates to zero, and boosted market liquidity by adding trillions of dollars in assets to its balance sheet. “You have to blow the dust off your economics textbook.

Forecasting 130

Forecasting Economics Marketing Banking 130

PYMNTS

NOVEMBER 8, 2018

This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks. brought back financial and other sanctions against Iran, which in turn came after the U.S.

Banking 81

Banking Financial Systems Treasury Communication 81

PYMNTS

JULY 1, 2019

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. Central banks have a major role to play.

Banking 62

Banking Financial Systems Technology Economics 62

E78 Partners

APRIL 11, 2023

Today’s global financial landscape is fraught with high inflation, geopolitical risks, and a shifting economic environment. These factors have tested the resilience of the financial system and posed significant challenges for corporate financial leaders.

Restructuring 52

Restructuring Financial Systems Communication Economics 52

PYMNTS

SEPTEMBER 28, 2016

bank investors, the old Seinfeld punchline: “No dividends for you!”. The famed bank stress tests that have been in place for years and that get attention from Wall Street when it comes time to judge how sound the global financial system may be — or not — are getting a little more, well, stressful. For the bigger banks.

Banking 69

Banking Financial Systems Economics Investments 69

Future CFO

MARCH 30, 2021

The fall in China's shadow banking activities since the fourth quarter of 2020, reversing the growth over the first three quarters, is set to continue in 2021 as regulators withdraw economic stimulus and focus on containing financial systemic risks, said Moody’s recently. percentage points to 58.3%, the firm added.

Banking 40

Banking Financial Systems Leverage Economics 40

Future CFO

JANUARY 4, 2021

The broad downward trend in China's shadow banking activities continued though the country supported its economic recovery from the pandemic, said Moody's Investors Service recently. . Overall shadow banking assets grew by RMB700 billion in the first quarters of 2020 according to estimates of Moody’s, following a RMB2.3

Banking 40

Banking Economics Financial Systems Leverage 40

PYMNTS

JUNE 29, 2020

billion of supposed deposits were missing from two banks in the Philippines. MAS noted that it requires financial institutions to report all suspicious transactions, including transactions that are large, complex or present unusual patterns with no apparent economic or lawful purposes. “We

Banking 56

Banking Financial Systems Economics Accounting 56

CFO News Room

JANUARY 21, 2023

Originally published at openDemocracy The 2023 World Economic Forum (WEF) meeting in Davos started five days ago amid an air of pessimism. He is openDemocracy’s international security correspondent. He is on Twitter at: @ProfPRogers. Two glaring examples of lack of change came to light just as the WEF got under way.

Economics 100

Economics Profit and Loss Forecasting Financial Systems 100

Future CFO

SEPTEMBER 21, 2023

With growing external uncertainties and geopolitical risks, it would be important for Hong Kong to further diversify its economic base, widen its global reach, and continue to address structural challenges such as ageing population, housing supply, and social inclusion, AMRO noted. in 2023, before moderating to 3.3

Foreign Exchange 52

Foreign Exchange Economics Transportation Financial Systems 52

PYMNTS

JULY 16, 2019

government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. The Economic Crime Plan from H.M. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To It also includes £6.5

Economics 40

Economics Planning Treasury Financial Systems 40

PYMNTS

JULY 5, 2019

Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. . The banks involved will be Danske Bank, Swedbank Handelsbanken, Nordea, SEB and DNB.

Banking 58

Banking Financial Systems Economics Marketing 58

Future CFO

NOVEMBER 6, 2023

Interest rates higher for longer Central banks will keep rates higher-for-longer to keep a lid on core inflation, which will gradually increase borrowing costs, slow economies and uncover pockets of risk. Falling loan demand and tightening credit standards have led to a large slowdown in bank lending globally.

Economics 52

Economics Financial Systems Banking Marketing 52

The Finance Weekly

MARCH 16, 2023

The quick and unexpected collapse of the second and third largest bank collapses in US history sent shock waves throughout the markets. Silicon Valley Bank (SVB) collapsed last Friday and it sent both private and public companies scrambling to address what exposures they had with SVB and other banks that might be at risk.

Leadership 105

Leadership CFO Startups Compliance 105

PYMNTS

OCTOBER 9, 2019

The Bank of England’s (BoE) Financial Policy Committee (FPC) has laid down a set of strict rules that Facebook’s Libra and other cryptocurrencies must follow in order to do business in Britain, Reuters reported on Wednesday (Oct. Regulations include transparency that shows economic fortitude.

Banking 44

Banking Currencies Financial Systems Finance 44

PYMNTS

JULY 30, 2019

JPMorgan has announced it will go “full force” in China to take on the state-run Industrial and Commercial Bank of China (ICBC), which is the biggest bank in the world, according to a report by Bloomberg. However, to be successful, they will need to be able to compete with state-run banks, which currently control the financial system.

Banking 46

Banking Financial Analyst Financial Systems Economics 46

Future CFO

AUGUST 6, 2023

The sharp rebound in global confidence in the aftermath of Russia’s invasion of Ukraine has ended, according to the latest economic conditions survey from ACCA and IMA of accountants and CFOs across the globe. This would suggest that the US economy may continue to defy predictions of a recession.

Economics 52

Economics Financial Systems Banking Accounting 52

PYMNTS

MARCH 14, 2019

The head of the Financial Supervisory Authority (FSA) in Finland has warned that Nordic banks involved in money laundering scandals should be measured in their response and not withdraw from the area, according to a report by Bloomberg. She said it’s time that banks start seriously being compliant. “As

Banking 49

Banking Financial Systems Economics Numbers 49

PYMNTS

APRIL 18, 2017

The slowdown of China’s economic growth has had markets concerned, but new data suggests the nation could be on its way to reversing the trent. This level of growth cannot be sustained,” said Wang Xinling, lead analyst at think tank China Policy, in an interview with the Financial Times. percent GDP annual growth rate.

Economics 40

Economics Construction Manufacturing Financial Systems 40

PYMNTS

SEPTEMBER 18, 2019

To that end, the Bank for International Settlements (BIS) said in a paper titled “Embedded supervision: how to build regulation into blockchain finance” that distributed ledger technology (DLT) could be a part of bank infrastructure and could be used to automate supervision. In finance, now comes automated, embedded supervision.

Banking 43

Banking Compliance Finance Financial Systems 43

Future CFO

AUGUST 16, 2020

The extension of a deadline for Chinese financial institutions to comply with new asset-management rules will probably ease pressures facing the shadow-banking sector though the scale of the effect will be limited, said Fitch recently. This will result in a further reduction in securities and trust companies’ channel business.

Banking 40

Banking Finance Financial Systems Leverage 40

Future CFO

JANUARY 22, 2024

Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing. Real-time Data Insights The advent of cloud-based accounting solutions has turned real-time financial data availability into a reality for businesses of all sizes.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

Mergers and Acquisitions (M&A) 43

Mergers and Acquisitions (M&A) Banking Marketing Transportation 43

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

AUGUST 22, 2019

Capping off the effort last week, Ghana’s central bank announced it had revoked the licenses of 23 savings and loans companies as well as finance houses and appointed a receiver to manage their affairs. “It The central bank blames the financial institutions; Ghana’s President Nana Akufo-Addo, on the other hand, blames the Bank of Ghana.

Banking 46

Banking Profit and Loss Restructuring Finance 46

PYMNTS

JULY 17, 2020

Chinese regulators have seized control of nine financial institutions (FIs) alleging they violated rules and jeopardized the country’s financial system. Since May, the state has orchestrated five bailouts of banks. China’s second-quarter economic growth led to an 11.5

Financial Systems 60

Financial Systems Securities Banking Economics 60

PYMNTS

JANUARY 13, 2021

During his career at Citi, Khaliq has served in management positions in banking, markets and securities services, country management (CCO) and treasury services. Khaliq joined Citibank in 1991 in Pakistan as a management associate in the institutional bank before leaving in 1993 for his post-graduate education.

Treasury 52

Treasury Education Cash Management Economics 52

PYMNTS

SEPTEMBER 18, 2020

18) that they are merging in a deal that, if approved by regulators and shareholders, will create the country's largest financial institution. The deal comes as Europe’s financial sector braces for lean times. The banks stated that the merger is scheduled to close in the first quarter of 2021.

Economics 52

Economics Financial Systems Banking 52

Barry Ritholtz

SEPTEMBER 30, 2022

After almost four years in charge, the CEO’s strategy to diversify the bank has not been as transformative as many had hoped. Financial Times ). John Paulson on Frothy US Housing Market: This Time Is Different Unlike subprime era, financial system is not at risk, he says Real interest rates blamed for lackluster gold price.

Currencies 67

Currencies Financial Systems Banking Economics 67

PYMNTS

MAY 13, 2016

The nuclear deal that is in place between Iran and a number of other nations does not have the teeth it might otherwise have to help – and key to that stymied effort is the fact that Iran remains largely isolated from interacting with the global financial system. One key issue: banks have been balking at funding projects.

Banking 40

Banking Economics Compliance Finance 40

PYMNTS

NOVEMBER 12, 2020

Keeping these consumers engaged in the broader financial system is essential to the collective good. Systems, that is. Banks and financial institutions (FIs) have been layering patches and tools on top of outdated core banking systems for so long that it’s become a Frankenstein’s monster of tech entanglement.

Banking 81

Banking Accounting Communication Financial Systems 81

PYMNTS

AUGUST 31, 2020

Though the restrictions have been gradually lifted, there has been an impact on the economic activities,” MOSPI said. He said economic growth would not return to pre-pandemic levels anytime soon. If it were not for COVID, a bank like the State Bank of India would be in a very happy situation,” Rajnish Kumar said.

Manufacturing 60

Manufacturing Economics Currencies Financial Systems 60

Future CFO

MAY 6, 2020

The shadow financing system in China will come under growing pressure in 2020 as the coronavirus pandemic takes a toll on private companies' ability to generate cash flow, said Fitch Ratings recently. Fitch forecasts that China's economic growth will slow to 0.7% China growth to slow to 0.7%

Finance 52

Finance Economics Forecasting Banking 52

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions don’t necessarily have. Usually, it is more of an all-out war story.

Banking 79

Banking Education Startups Risk Management 79