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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly.

US 52
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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. And quite frankly, I did not know there were so many tranches to mortgage-backed securities.

FDIC 78
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FinCEN AML/CTF Priorities Part 7: Fraud and COVID-19

Abrigo

in 2001 began outlining strategies to combat transnational organized crime. In addition, President Biden oversaw the passing of the American Rescue Plan Act of 2021 (also known as the COVID-19 Stimulus Package or American Rescue Plan), which extended employment assistance and waived some federal taxes on unemployment benefits.

Fraud 195
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Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

This tracker brought NCR Corporation together with Avidia Bank and was notable for the stat that showed that one-third of bank customers said they would visit physical branches more often if they could compete with the ease of mobile banking, and banks are deploying or workshopping a number of technologies to make this convenience a reality.

Trends 259
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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

It also owns 50 subsidiary companies that have 200 more subsidiaries themselves, including Geico (acquired in 1996), Dairy Queen (1997), and Fruit of the Loom (2001). You only find out who is swimming naked when the tide goes out.” ( 2001 ). In spring 2001, Cisco’s shareholders had lost a total of 28.6%

Omaha 78
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17 Of The Biggest Startup Frauds Of All Time

CB Insights

The problem was that Theranos’ proprietary blood-testing technology was completely fictitious. Holmes’ claims about Theranos’ blood-testing technology weren’t just exaggerations or selective interpretations of clinical research data; they were quite literally impossible. The Outcome. Total Funding: $314M.

Fraud 78
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The 238 Fintech Unicorns of the 21st Century (Sep 2021)

Fintech Labs Insights

Ant Technology. Plaid Technologies. Mercury Technologies. Mercury Technologies. Sub-Category. 9 Sep 2021. 9 Sep 2021. 2018 round. 9 Sep 2021. 9 Sep 2021. Netherlands. Checkout.com. Jan 2021 round. 9 Sep 2021. April 2021 round. Infrastructure. 9 Sep 2021. Tinkoff Bank. July 2021 SPAC (proposed). Virtu Financial.

Fintech 15