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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

September 11, 2001 will stay with Americans forever. T he events that unfolded in that bright blue sky on September 11, 2001 will stay with Americans forever. BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. Never Forget.

Training 195
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

To you, manage your interest rate risk. The dot-com bubble recession began in March 2001 and lasted only 8 months. percent of all jobs in 2001 to 11.3 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. High-tech employment fell from 12.1

FDIC 78
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Guest Post: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

We have one year to go to match the longest expansion since World War II, which was the prosperous period engineered by Maestro Greenspan from March, 1991 to March, 2001. This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. The economy has grown 2.2%

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Consumer Lending: Should Banks Do It?

Jeff For Banks

Ever since we formed our company in 2001, this has been the case. Most community financial institution strategies has some sort of “community” focus. It’s implied whenever someone says “we’re a community bank”. pre-tax profit as a percent of the portfolio. And it wasn’t an anomaly. Fixed home equity loans… nope.

Lending 60
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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Economic growth picked up strongly in the second quarter, with a reading of +4.2%, as momentum from the tax cuts and deregulation pushed spending and investment higher. The longest expansion on record was from March, 1991 to March, 2001, with growth of 3.6%, engineered by Maestro Greenspan. Economy The economy is on a roll!

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

History has shown that inverted yield curves precede recessions by 18 to 24 months on average, as we saw in 1990, 2001, and 2005. A tightening campaign that started in December, 2015 and has totaled 2.25% has basically offset the boost from tax cuts and the tightening also succeeded in flattening the yield curve.

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From Alibaba to Zynga: 21 Of The Best VC Bets Of All Time And What We Can Learn From Them

CB Insights

He positioned himself on both sides of the Groupon deal through various privately-owned investment vehicles and management roles. Ziv Aviram, his co-founder, studied industrial engineering and management and was known for leading Israeli retail companies. The way he did this was controversial. In the end, however, he owned 21.6%

Lending 78