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Morgan Stanley Looks To Add To Asset Management Unit, CFO Says

PYMNTS

The bank plans to keep its eyes open for smaller mergers that could help build its asset management unit, said CFO Jon Pruzan at an investor conference on Thursday (Feb. Wealth management deals are off the table for now, though, he noted, while Morgan Stanley finishes the $13 billion acquisition of E-Trade. financial industry.

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International Trade Shows Signs Of Recovery

PYMNTS

The Wall Street Journal (WSJ) reported the industry is making a stronger comeback than after the 2008 financial crisis, contrary to the predictions the pandemic could paralyze trade permanently. While most sectors have suffered from the pandemic, global trade has proved remarkably resilient. China posted 9.5

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Should Congress Increase FDIC Insurance Limits?

South State Correspondent

In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. The proper function of a free-market economy is to allow outperforming managers to succeed in their businesses and underperforming managers to exit their businesses. economy needs.

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Consumer Credit Update for 2Q 2023

South State Correspondent

These are cash flow management tools that send a signal of future problems. This data is consistent across regions. New, post-2008 underwriting guidelines are having a positive effect on credit. LTVs remain at elevated levels and slightly above the last record of 2008. Banks should put management plans in place now.

Trends 195
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Swedish Regulator Investigating SEB Over AML Issues 

PYMNTS

A Swedish regulator has opened an investigation into SEB, one of Sweden’s largest banks, over an increasingly volatile money-laundering scandal that has adversely affected the reputation of the region’s banking industry, according to a report by the Financial Times. That branch has since been closed.

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Uber Creates Uber Money Team In India With FinTech Focus

PYMNTS

The team will be made up of over 100 technology professionals tasked with global financial products as well as technology innovations at its Hyderabad Tech Center that would reportedly make it the inaugural facility in the Asia-Pacific region. billion earlier in January and started in 2008. of India (NPCI). Zomato was valued at $3.55

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Managing the Corona Debt Tsunami - The Experts Speak

FICO

The impact of this crisis is expected to be even bigger than the 2008 crisis, with NPLs rising 6 to 8 times higher than normal in some areas. Here’s what participants said about managing debt collection in the pandemic this year — and what they see for the future. Income reduction was not well known. Invention or Adoption?