2007 reprise: Could FaceBook risk becoming another AOL?

The Bankwatch

Here is something I wrote in 2007. Could Facebook Risk becoming another AOL ). The context was different, ok, a lot different given that is 9 years ago and I was thinking about Lending Club who were only available within FaceBook, but I believe the conclusion stands.

Tools 85

2007 reprise: Could FaceBook risk becoming another AOL?

The Bankwatch

Here is something I wrote in 2007. Could Facebook Risk becoming another AOL ). The context was different, ok, a lot different given that is 9 years ago and I was thinking about Lending Club who were only available within FaceBook, but I believe the conclusion stands.

Tools 85

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Wells chief comments on mortgages sounds like a preview of another 2007

The Bankwatch

Somehow this article out of the blue took me straight back to 2007. Wells Fargo hold a gun to the Governments head on poor quality mortgages. There still remains a fundamental gap in what Banks believe their role is, compared to what is expected from Government. The concept of government guaranteed mortgages helps many new homeowners but it is also a mis-used function that skews risk management. By definition it eliminates risk for banks.

Bank Stocks Rise To Highest Rate Since 2007

PYMNTS

Over the last 10 years, the banking industry hasn’t been viewed in the best light. Since the 2008 recession and subsequent financial bailout, banks have experienced a multitude of ups and downs. This week, however, there appears to be a light at the end of the banking tunnel. Following President Trump’s Tuesday (Mar. 1) address to Congress, the KBW Nasdaq Bank index , which measures 24 of the largest U.S. bank stocks, saw an increase of over 3 percent to a total of 32 percent.

In One Way, the U.S. Mortgage Market Looks Just Like It Did in 2007

American Banker

The U.S. mortgage market is of course considerably smaller, safer and less accessible than it was nine years ago. breaking_news national-regional occ mortgage consumer-finance

Q: Do investors believe bank digital transformations are succeeding? A: No.

Chris Skinner

Did you realise it’s only 10 years since the iPhone was released?

Chris Skinner

Steve Jobs unveiled the new phone on January 9th, 2007. The first iPhones were made available to the grubby hands of the public on June 29th, 2007, exactly ten years ago today. market share in 2007, 16.6% It’s a decade since the iPhone launched.

Apple 274

Ten years since the crisis hit, what’s new?

Chris Skinner

On August 9 2007, BNP Paribas froze three of its American funds, the first in a chain of events which would lead to the biggest recession since the Great Depression. Last week marked ten years since the financial crisis hit.

Fiserv updates online bill pay for banks, plans real-time payments

Payments Source

Leveraging new technology and APIs, Fiserv has rolled out CheckFree Next, a major update of the core CheckFree bill payment technology Fiserv acquired in 2007.

Report: Quants restrategise after markets plummet

Bobsguide

Many notable quants – Millennium, DE Shaw, Two Sigma – suffered losses at the end of March, leading some commentators to question if another “quant quake” like that seen in 2007 could be on the horizon. Quant funds have had a hectic month.

Report 119

How Your Bank Can Make Construction Lending More Profitable

Banker to Banker

Construction and Land Development loans (C&D loans) drove a substantial portion of the loan growth at community banks between 2000 and 2007, especially for banks under $2B in assets. Compared to their peak in 2007, current C&D loan portfolios are relatively small

Banking in the â??era of the digital reflexâ??

Bobsguide

In 2007, when the first-generation iPhone was initially released, only a quarter of the European population banked online. Since then, our relationship with technology and applications throughout all aspects of our lives has rapidly evolved. Fast-forward to 2020 and the use of mobile

Online 124

Check Founder Launches Next Insurance to Insure Small Businesses

Bank Innovation

Pageonce launched in 2007 to help consumers keep track of Read More. It’s no secret insurance is difficult for consumers to understand, and small business insurance is even more complicated than personal insurance.

Online 247

Fidor Bank Closing In on U.S. Launch

Bank Innovation

Fidor began in Munich in 2007, and gained traction as a digital bank during and after the financial crisis. Fidor Bank is closer to its U.S. launch, but is still missing a critical piece to complete its services: a bank charter.

US 212

Waze Introduces Contactless Payments At ExxonMobil, Shell Stations

PYMNTS

Founded in 2007, Waze said it had 130 million monthly users as of February 2020. Val Demmings (D-Florida) on Google’s 2007 acquisition of DoubleClick and its 2017 decision to merge DoubleClick’s data with user account data.

The language of rules: textual complexity in banking reforms

BankUnderground

In a recent working paper , we use natural language processing and network analysis to calculate complexity measures on a novel dataset that covers the near universe of prudential regulation for banks in the United Kingdom before (2007) and after (2017) the reforms.

ABA Data Bank: FDIC Insurance Fund at Record-High Balance

ABA Community Banking

Since 2007, banks have more than doubled the balance of the FDIC insurance fund that protects deposits to a record $110.3 billion. The post ABA Data Bank: FDIC Insurance Fund at Record-High Balance appeared first on ABA Banking Journal.

FDIC 63

The European banking system is flat-lining

Chris Skinner

By 2007, bank assets in many developed countries had reached in excess of 100 per cent of gross domestic product (“GDP”). In 2007, bank assets in the US were around 78 per cent of GDP.

System 287

FHFA chief: Coronavirus-related delinquencies could outnumber subprime

American Banker

Federal Housing Finance Agency Director Mark Calabria said a virus-induced financial crisis might give rise to more delinquencies and foreclosures than the 2007 subprime mortgage meltdown.

61

Use These Tactics To Position Your Bank For Changes In The Yield Curve

Banker to Banker

This data covers from 2007 to the present and shows how loan growth, particularly over the past year, has been strong While some banks are challenged to expand or even maintain loan balances, the industry has experienced impressive loan growth over the last four and one-half years.

Data 260

Broadridge head of strategy outlines innovation by acquisition approach

Bobsguide

Since 2007, Broadridge has announced the acquisition of 29 companies, three of which have been in 2018. At Sibos 2018 in Sydney, the company announced another newly acquired solution, a next generation, SaaS global asset servicing tool. The new solution looks to leverage cloud

Debt Protection Costs Lowest Since Pre-Recession

PYMNTS

Those looking to insure against some of the globe’s largest corporate borrowers are in luck: The debt protection cost has dropped to its lowest point since 2007, according to index provider IHS Markit. 17), its lowest since November of 2007.

Household Debt Exceeds $14T After 2019 Spike

PYMNTS

The last time there was that much of an increase was in 2007, when debt topped $1 trillion. The growth was mainly driven by mortgage debt balances, which went up $433 billion – again, the largest gain since 2007. Household debt in the U.S.

Maine 197

Does bigger mean more efficient?

Abrigo

He pulled numbers from both 2007 and 2014 to elucidate differences in asset categories at present, as well as how they compare over time. After the $100B mark, efficiency ratio actually increased in both the 2007 and 2014 time periods. With size comes economies of scale.

Risk or Warning – What Bankers Are Thinking After Yesterday’s Signal

Banker to Banker

Back in October and November of 2007, yields dropped 20+ basis points and credit spreads increased by more than 10%. It ended up be a signal as the next month the US found itself in a recession.

US 293

Crisis impact lingers in banks' payment considerations

Bobsguide

2007 The credit crisis that tore apart the banking sector has had a lasting impact on the way the industry works with third parties, particularly within the payments space.

Mortgage Origination Demand Hit Pre-Crisis High in 2Q

American Banker

Home purchase lending hit its highest point since 2007 as low interest rates and growing consumer confidence continue to support the housing market.

EU Probe: Danske Ignored Russia’s Money Laundering Warnings

PYMNTS

The warnings were sent in 2007 and 2013, and the information stems from the outcome of an investigation by the European Banking Authority (EBA).

The role of cybersecurity due diligence as an M&A priority

Bobsguide

Last year alone, M&A activity reached fever pitch, with the global market valued at over $4 trillion – its highest since 2007. If 2016 follows suit, we’re looking at over 18,000 M&A events to occur this year, many of which may be “megadeals” exceeding $50B

Commercial Real Estate Hedging: Point/Counterpoint

Banker to Banker

above their peak levels from back in 2007. Commercial real estate (CRE) lending for banks continues to be at near-record tight spreads because of the favorable economics. Property prices are up an average of 4.7% for the first quarter and are now 8.2%

Commercial Real Estate Hedging: Point – Counterpoint

Banker to Banker

above their peak levels from back in 2007. Commercial real estate (CRE) lending for banks continues to be at near-record tight spreads because of the favorable economics. Property prices are up an average of 4.7% for the first quarter and are now 8.2%

The Finanser’s Week: 25th June – 2nd July 2017

Chris Skinner

Steve Jobs unveiled the new phone on January 9th, 2007. The first iPhones were made available to the grubby hands of the public on June 29th, 2007, exactly ten years ago today.

ATM 222

European Central Bank To Launch Network Of Watchdogs To Fight Money Laundering

PYMNTS

Wilkinson, who was head of Danske Bank’s trading unit in the Baltics from 2007 to 2014, wouldn’t name the banks during the hearing. billion in payments made through the branch from 2007 through 2015.

The Top 1000 banks in the world

Chris Skinner

In the 2007 ranking, UK banks collectively made $17.3bn in pre-tax profits, a 32% fall on the previous year, and approximately a quarter of what they made before the financial crisis.

Metro 414

Teen Workers Rejoin Restaurant Workforce

PYMNTS

million — teens worked in restaurants last year per the Bureau of Labor Statistics, which was the same level as in 2007 before the recession, CNBC reported. percent of teens had a job in 2007, only 35.1