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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.

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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 What caused it?

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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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i2c, CashFlows Partner To Assist European Payment Card Issuers

PYMNTS

We have a partner-led, go-to-market approach with a focus on shaking up incumbent thinking in the industry,” said Jonathan Bennett, chief commercial officer, CashFlows. The single platform also enables clients to bring almost any type of digital banking or payments solution to market – credit, debit and prepaid programs.

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i2c, CashFlows Partner To Assist European Payment Card Issuers

PYMNTS

We have a partner-led, go-to-market approach with a focus on shaking up incumbent thinking in the industry,” said Jonathan Bennett, chief commercial officer, CashFlows. The single platform also enables clients to bring almost any type of digital banking or payments solution to market – credit, debit and prepaid programs.

Cards 130
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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. Market strategy outside the US. The patent expired in 2017 and opened up the market for competitors to launch off-marketplace payment solutions.

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