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US Banks Expected To Lose 200K Jobs To Technology

PYMNTS

Federal Deposit Insurance Corporation (FDIC) data, however, shows that the industry’s overall headcount has shrunk only 16 times as of 1935. According to a report in January, citing Calculated Risk, last year was the first time since 2006 that not one U.S. In separate news, U.S.

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Return of the TDR: How to Prepare for Coronavirus-Related Loan Restructurings

Abrigo

The FDIC recently reiterated that financial institutions should determine whether loans affected by COVID-19 should be reported as TDRs. FDIC Issues Reminder of TDRs. FDIC, OCC, FED. 2006 Policy Statement on Prudent Commercial Real Estate Loan Workouts. FDIC, OCC, FED. It’s not a way for us to mask problems.”.

How To 195
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Report: US Banks Will Cut Jobs As Robots, Tech Bring About Change

PYMNTS

Federal Deposit Insurance Corporation (FDIC) data, however, shows that the industry’s overall headcount has shrunk only 16 times as of 1935. According to a report in January, citing Calculated Risk, last year was the first time since 2006 that not one U.S. In separate news, U.S.

Report 100
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What's With Regulator Agita Over Bank Commercial Real Estate Lending?

Jeff For Banks

And regulators are getting anxious. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending.

Lending 60
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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Before this year, the last time that happened was in 2006, when Walmart made a move on an ILC.

Industry 108
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Get your ducks in a row: HVCRE risk management

Abrigo

Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. Ashbaugh highlights that as of 2006, 31% of US banks exceeded at least one of the limits, and that 23% of banks that exceeded both limits failed, while 13% of banks that exceeded the construction limit failed. How did we get here?

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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

bank failures per year between 1996 and 2006, and 3.6 Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. banks failed a year.

FDIC 78