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Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards

PYMNTS

FDIC) is looking to modernize bank reporting. FDIC Looks To Modernize Bank Reporting. Two decades separate the 2001 collapse of Enron and the recent insolvency of Wirecard, but both firms’ stories (and flameouts) have similar trajectories. Plus, the Federal Deposit Insurance Corp. The Federal Deposit Insurance Corp.

FDIC 142
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Impact of Covid-19 Felt in the Shared National Credit Reviews Released by Bank Regulators

Perficient

Governed by an interagency agreement among the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), the program review credits with minimum aggregate loan commitments totaling $100 million or more that were shared by three or more regulated financial institutions. (D).

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CFPB Joins Forces with FDIC on Spanish-Language Tool to Prevent Senior Financial Abuse

CFPB Monitor

This new product is a Spanish-language version of a pre-existing FDIC publication in English, Money Smart for Older Adults , which is a financial resource tool that is distributed free of charge and is designed to help adults age 62 and older and their caregivers prevent, identify, and respond to elder financial exploitation.

FDIC 74
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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

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 percent in 2004, a decline of 1.1 credit default swaps anyone?).

FDIC 78
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Signaling Caution

Independent Banker

Obviously these local lenders took notice when the Federal Reserve, the FDIC and the Office of the Comptroller of the Currency recently issued a joint statement pointing out increased risks in CRE lending. CRE loans totaled 869 percent of Oak Valley’s capital in 2001, resulting in a special examination by regulators.

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First New Community Bank In Decades Headed To US Market

PYMNTS

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. Bloomberg listed Casey G.

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Does your bank achieve positive operating leverage?

Jeff For Banks

Over the course of the past 10 years, the number of FDIC-insured FIs decreased by 23% (see chart). The largest acquisition by far was the second quarter 2001 acquisition of Old Kent Financial, a $22.5 Because it is intuitive, doesn''t make it so. The average asset size per institution increased from $753 million to $1.7