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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. to insure a $1,000 portfolio of bonds, … its lowest level since July 2007,” according to IHS Markit.

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PNC Eyes Buying US Unit Of Spain's BBVA, Report Says

PYMNTS

BBVA bought Alabama's Compass Bancshares in 2007 and has around $100 billion in assets in the U.S., Big bank mergers have been scarce in the past decade since the financial crisis of the late 2000s, but despite that rarity, regional lenders have felt the crunch from bigger rivals like J.P.

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Judge Rules Apple Needs To Face Shareholder Lawsuit Over Cook’s China Claims

PYMNTS

The lowered forecast was the first one Apple reported since its 2007 launch in Cupertino, California, and shares fell 10 percent the next day, wiping out $74 billion in market value. Cook blamed that issue in part on the pressure on the Chinese economy from the trade tensions between the country and the U.S. 1 to $1.862 trillion by Oct.

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Why You Need To Use Funds Transfer Pricing in Banking

South State Correspondent

FTP gained further focus after the 2007 financial crisis when financial firms failed partly because of the lack of funds transfer pricing application and rigor. All domestic systemically important banking organizations and most large regional banks engage in some form of FTP practices and building blocks. Conclusion.

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Bankruptcy Wave Hits Whole Foods Competitors

PYMNTS

Three regional players in the organic food retail business — where Whole Foods and parent Amazon rule — have declared bankruptcy over the past month. Its Chapter 11 filing, according to local reports , has its roots in 2007 when owners the Glickberg family sold an 80 percent stake to private equity firm Sterling Investment for $140 million.

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Financial Stability Board Calls For Current Crypto Education

PYMNTS

It was launched following the financial crisis of 2007 to 2009 as an early warning system to avoid another “global market meltdown.” The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.

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Norwegian Regulators Say AML Measures Fell Short

PYMNTS

On of the main players in the scandals is Danske Bank , whose Estonian branch was used for some 200 billion euros ($227 billion) of suspicious payments between 2007 and 2015. Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia.