South State Correspondent
MARCH 13, 2023
While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). Notably, most community banks’ duration risk is in the loan portfolio.
Abrigo
FEBRUARY 2, 2015
The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. Risk management issues were also a high-ranking hurdle to growing banks, with 26 percent calling it a concern for 2015.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abrigo
MARCH 6, 2015
While federal regulators only require this small number of banks to be subject to these particular stress tests, as outlined in the Dodd-Frank Act following the economic crisis of 2008, stress testing is becoming a critical part of financial institutions’ risk management strategies, regardless of their asset sizes.
Abrigo
AUGUST 5, 2020
Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. Economic downturns alter the credit memo's content and process to capture credit risk. More than six months after the coronavirus reached the U.S.,
Jeff For Banks
JUNE 2, 2023
Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? In many respects, community banks were caught in the cross-fire through the purchase of those mbs instruments – and subsequent trial through public sentiment. We took a serious reputational hit.
Jeff For Banks
OCTOBER 25, 2018
Here are some staggering numbers: Since the financial crisis of 2008, worldwide debt has increased by $70 trillion to $247 trillion, or 236% of world GDP versus 207% in 2008. Student debt has more than doubled from 2008 to $1.5 Dorothy has been with Penn Community Bank and its predecessor since November, 2004.
Jeff For Banks
MARCH 21, 2024
It sounds like 2007 all over again, when people got tired of looking at LEI and then in 2008, all hell broke loose. DLJ 03/15/24 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.
Expert insights. Personalized for you.
221 
Let's personalize your content