Remove 2008 Remove Lending Remove Security Remove Taxes
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Ascension Leak Exposes 24M+ Loan, Mortgage Details

PYMNTS

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. The database, which is believed to have been exposed for two weeks, was discovered by independent security researcher Bob Diachenko.

Taxes 155
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Bank Customers Lose Real Money

Jeff For Banks

You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. Then, boom, the 2008 financial crisis. Heck, maybe there'll be a reassessment and your real estate taxes will go down. Taxes go down? You worked hard, saved money, and reduced or eliminated debt.

Taxes 78
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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 old borrow short, lend long strategy. When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. And quite frankly, I did not know there were so many tranches to mortgage-backed securities.

FDIC 78
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My Fantasy Banking Team

Jeff For Banks

He retired in 2008 from BofA, but they thought so much of him they brought him back to assist with the Merrill Lynch integration. Since his joining the Board, the bank has stabilized, returned to profitability, recaptured it's deferred tax asset, and NPAs/Assets have declined to less than 3%. What has Monty delivered to Security Bank?

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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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Happy Returns

Independent Banker

All investment environments have their challenges,” Plunkett says, “but this one [since 2008], especially so.”. billion-asset community bank has a small municipal bond portfolio and has more recently expanded its short-term agency bonds and mortgage-backed securities, Newsom says. Greg Steverson, Ledyard National Bank.

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My top five Decentralized Finance predictions for 2020

Lex Sokolin

Ethereum’s decentralized lending and trading are floating around 2,500 daily users. The lending product above is a bit more complicated. Other things like Compound are essentially a securities lending marketplace?—?you well, we know what 2008 looks like. something between equity voting and dividend yield).