International Banker - Authoritative Analysis on International …
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 worldwide. While still new, the technology is already upgrading ….
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 ...
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 ...
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 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.
Why Inflation in Argentina Is Above 100 Percent - International …
May 16, 2023. By Valerie Hernandez, International Banker. On May 12, Argentina’s official statistics agency confirmed that prices had surged by a mammoth 108.8 percent year-on-year in April, having already posted 104.3 percent in March and 102.5 percent in February. The last time the South American country posted such sky-high rates was back ...
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.
The Subprime Mortgage Crisis (2007-08) - International Banker
Sep 29, 2021 — The model looks sound on the surface: offer mortgages to borrowers with poorer credit ratings at higher rates. But as the US subprime mortgage crisis of 2007-08 proved, the risks associated with this strategy may override the benefits. This mortgage crisis sparked a chain of events that shook the world and ended in a global meltdown.
What a Devalued Naira Means for the Nigerian Economy
Sep 12, 2023 — Therefore, the decision to float the naira freely became necessary, according to many. “A much-needed devaluation, which takes the currency from 50 percent overvalued to about 5-10 percent [cheaper],” Charlie Robertson, head of macro strategy at FIM Partners, told Reuters. “This should improve the current account and improve the long-term ...