TheGuardian

FEBRUARY 1, 2024

The shadow chancellor, Rachel Reeves, says Labour would not reinstate a cap on bankers' bonuses, to ensure stability for businesses operating in the UK. Reeves said the former chancellor Kwasi Kwarteng's decision to lift the measure – introduced after the 2008 financial crisis – was the wrong priority, but she defended her party's U-turn.

Video 53

Video Operations 53

PYMNTS

MARCH 25, 2020

Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. He is also an innovator who has spearheaded, built and operated two publicly-traded payments companies,” said Jacobs. 31, 2019 showed an increase in total operating revenues of $249.3

Fintech 139

Fintech Operations Innovation Company 139

TheGuardian

AUGUST 13, 2022

Rescued from collapse in 2008 and force fed a healthy financial diet ever since, the industry is now in fine fettle. Their sizable reserves are largely intact and the hazardous operations that caused so much trouble more than a decade ago are overseen by tough regulators.

Regulation 98

Regulation Operations Industry Policies 98

BankInovation

MAY 24, 2021

While this practice has its merits, a vendor’s operational weaknesses, financial instability or inappropriate conduct can create significant third-party risk that threaten a bank’s institutional standing and market fundamentals. In the aftermath of the 2008 financial […].

Trends 98

Trends Operations Marketing Risk Management 98

Bank Innovation

OCTOBER 17, 2016

Recently a federal appeals court decided that the Consumer Finance Protection Bureau—a federal organization designed to safeguard against some of the pitfalls that led to the 2008 crisis—had been operating unconstitutionally, something which is certainly a blow to the agency itself and will no doubt have ramifications for how it Read More.

Fintech 150

Fintech Operations Compliance Lending 150

BankInovation

APRIL 28, 2023

Silicon Valley Bank and federal regulators alike let poor management slide for several years — leading to the largest banking failure since 2008. SVB lacked board effectiveness, risk management and internal audits within its operations, and had 31 outstanding supervisory warnings when the bank collapsed in March.

Management 52

Management Risk Management Regulation Operations 52

PYMNTS

AUGUST 4, 2020

Although the 2008 financial crisis jolted the world economy, the financial conditions leading up to the disruption had been a long time coming. Lessons Learned From 2008. It’s perhaps the biggest economic difference between then and the current climate, in which a global pandemic thrust millions of workers in the U.S.

Capital 310

Capital Strategy Analytics Innovation 310

Bank Innovation

JUNE 14, 2018

Alior Bank, headquartered in Warsaw, was founded in 2008 and has more than 3 million customers, 216 branches, 219 high-tech mini branches that it […]. PREMIUM - Add another challenger bank to the mix, this time in Eastern Europe.

Innovation 207

Innovation Operations Online Fintech 207

PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. In a recent report, CrunchBase looked back at how VC investors reacted to the market downturn over a decade ago.

Cards 181

Cards Fintech Capital California 181

PYMNTS

DECEMBER 3, 2019

“This partnership will help us bolster our payments and ticketing technology solutions for bus operators and enable us to provide a more seamless booking and post-booking experience to our growing base of online bus ticketing customers.”.

Software 130

Software Operations US Online 130

PYMNTS

DECEMBER 22, 2020

operations, Reuters reported. Credit Suisse said it is committed to meeting the terms “in a timely and thorough manner,” and it is already working on a “extensive enhancement plan” for its New York operation, Reuters reported.

New York 151

New York Policies Report Operations 151

PYMNTS

APRIL 29, 2020

percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the economy, the Bureau of Economic Analysis reported on Wednesday (April 29). gross domestic product (GDP) dropped 4.8 ” The pullback marked a big reverse from 2019’s fourth quarter, when GDP rose 2.1

Maine 131

Maine Analysis Report Operations 131

TheGuardian

MARCH 13, 2023

Why Silicon Valley Bank was so important to UK tech sector The government has struck a last-minute deal for HSBC to buy Silicon Valley Bank’s UK operations, saving thousands of British tech startups and investors from big losses after the biggest bank failure since 2008.

US 75

US Operations 75

TheGuardian

JANUARY 15, 2023

The film opens in the wake of the 2008 financial crash: Fishwick’s customers are struggling to borrow from the high street, so he’s started lending them money. But to operate as a bank he needs a licence, and the Eton poshos regulating the banking sector decide he’s not the right sort of chap.

Lending 98

Lending Community Regulation Operations 98

PYMNTS

DECEMBER 11, 2020

Sheryl Sandberg, chief operations officer of Facebook, is pushing back against two antitrust lawsuits filed against the social media giant, CNBC reported on Friday (Dec. percent of proposed mergers from 2008 to 2016. Sandberg said approved mergers shouldn’t later be revoked. .

social media 205

social media Digital Banking Groups Innovation 205

TheGuardian

MARCH 22, 2023

The ghosts of 2008 return. Even the news that SVB’s UK operation had been salvaged in a deal brokered by the British government might not have registered too much. But the rescue this week of Switzerland’s second-largest lender Credit Suisse had a more ominous feel to it, a sense of fiscal dominoes cascading slowly into one another.

Operations 45

Operations Industry Report 45

BankInovation

MAY 24, 2021

While this practice has its merits, a vendor’s operational weaknesses, financial instability or inappropriate conduct can create significant third-party risk that threaten a bank’s institutional standing and market fundamentals. In the aftermath of the 2008 financial […].

Trends 64

Trends Operations Marketing Risk Management 64

PYMNTS

FEBRUARY 24, 2020

Mastercard first opened Ireland operations in 2008, with only 36 people on staff at the location. Mastercard President of Operations and Technology Ed McLaughlin said the new facility will help Mastercard achieve its goals to continue be a leader in global payments technology, among other things. Right now, it has more than 650.

Cyber Security 159

Cyber Security User Experience Technology blockchain 159

PYMNTS

MARCH 9, 2020

They’ve done this in the past around the 2008 financial crisis and 9/11. This is about identifying where there might be problems that could impair market operations, and providing guidance or forbearance on a temporary basis outweighs any potential risks.”.

New York 154

New York Regulation Meeting Industry 154

PYMNTS

APRIL 23, 2020

“As credit unions help their members manage through the current COVID-19 crisis, it’s more important than ever for CUSOs like PSCU to partner with credit unions to help them and their members weather the storm of uncertainty,” PSCU EVP and Chief Operating Officer Tom Gandre told PYMNTS. and global economies. and global economies.

Fraud 159

Fraud Tools Policies Operations 159

TheGuardian

FEBRUARY 9, 2021

Purists may disagree but there’s no other option We are used to thinking about the remit of central banks as focusing narrowly on price stability, or at most as targeting inflation while ensuring the smooth operation of the payment system.

US 93

US Operations Examples System 93

PYMNTS

AUGUST 11, 2020

And as reported in the Financial Times , banks that are relatively more dependent on lending activities to keep operations afloat are facing challenges that have not been seen since the financial crisis and recession of more than a decade ago. Cash crunches, of course, make carrying debt all the more burdensome.

United States 217

United States Survey Maine Course 217

PYMNTS

DECEMBER 9, 2020

Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. Before 2008, banks were making a lot of money from a lot of things,” noted Lukies.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

JANUARY 10, 2019

Sears is still in the bid game, a mobile banking operator thinks big and holiday sales in the U.K. The European mobile bank operator said that with the Series D round of funding, it has a valuation of $2.7 Despite steep price cuts, retail sales had their worst performance since December of 2008. disappoint. N26 Has $2.7B

Los Angeles 128

Los Angeles FDIC Retail Maine 128

PYMNTS

MARCH 2, 2020

“By integrating with their technology, we’re delivering more tools and capabilities for these merchants and operators to sell more tickets while delivering a great experience for our customers.”. Groupon, founded in 2008 in Chicago, is a digital marketplace where people can get discounts on things to do, see, eat and buy.

Boston 130

Boston Chicago Mobile Operations 130

Jeff For Banks

MAY 1, 2011

When a significant portion of your cost structure is fixed, then growing revenues should generate positive operating leverage. Clearly, part of this consolidation wave was attributable to FIs striving for economies of scale and positive operating leverage. I chose this period to offset any impact from the 2008-2009 financial crisis.

Operations 89

Operations North Carolina Ohio Groups 89

PYMNTS

MARCH 2, 2020

million) purse to distribute from the Royal Bank of Scotland, which was a condition of it being bailed out in 2008. They included Arbuthnot Latham, CYBG, The Co-operative Bank, Hampden & Co., In May, it was announced that Nationwide Building Society, Investec Bank and The Co-operative Bank secured a combined $103.3

Metro 131

Metro Operations National Examples 131

PYMNTS

OCTOBER 22, 2020

Its biggest competitor is Uber, which launched in 2008. Lyft operates in 644 U.S. Headquartered in Silicon Valley, Lyft was co-founded by John Zimmer and Logan Green in 2012, although the company first launched in 2007 under the name Zimrides. municipalities and 12 cities in Canada. Lyft also has a $19.99

Payments 151

Payments Cards Operations Company 151

TheGuardian

MARCH 19, 2023

The reckoning has been delayed because since 2008 banks have been operating in a world of ultra-low interest rates and periodic injections of electronic cash from central banks. Financial crises have occurred on average once a decade over the past half century so the one unfolding now is if anything overdue.

Policies 75

Policies US System Operations 75

PYMNTS

OCTOBER 2, 2019

He is accused of setting up and operating Darkode, a black marketplace that operated between 2008 and 2013, as well as creating and deploying Mariposa, one of the largest botnets. Hard Fork reported that Matjaz Skorjanc, the co-founder of NiceHash, was reportedly taken into custody on Monday (Sept.

blockchain 145

blockchain Security Bitcoin United States 145

BankUnderground

JUNE 16, 2021

In short, history counsels caution’ Macmillan (2008) : ‘the past can be used for almost anything you want to do in the present’ Bernanke et al (2019) : ‘Financial crises recur in part because memories fade’ Perhaps we need to think beyond just crises when we consider how history can be helpful to central bankers.

Examples 128

Examples Policies United States Exercises 128

PYMNTS

MARCH 8, 2019

The company issued a press release Thursday (March 7) announcing it will add Canada to the list of jurisdictions in which it operates, which currently include the U.S., The company also pointed out that despite Canada’s ongoing recovery since the 2008 financial crisis, lending to small businesses has not recovered as quickly.

Lending 149

Lending Operations National Strategy 149

PYMNTS

APRIL 17, 2020

However, the executive expressed confidence that the firm would come out of the crisis strong, as it did following the 2008 recession and a close call with bankruptcy in the late 90s. Cook characterized the pandemic as an “uncertain and stressful moment.”

Apple 151

Apple Meeting Retail Report 151

PYMNTS

JULY 6, 2020

After the RBS bailout in 2008 by the British government, the vehicle was made to meet the state aid regulations of the European Union. In April, the Nationwide Building Society had curbed its intentions to start a business banking operation, noting that the pandemic has made the space not feasible for now.

Metro 143

Metro Meeting Digital Banking Regulation 143

PYMNTS

OCTOBER 1, 2019

While the company will continue to operate in the asset management and general insurance spaces, Reliance shrunk its footprint by lowering its ownership in Reliance Nippon Life Asset Management from about one quarter to just over 4 percent.

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

JULY 7, 2020

and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. The level of market volatility hitting the U.S. ” A Banking Pullback?

Lending 171

Lending Industry Fintech UX 171

Jeff For Banks

AUGUST 3, 2020

It's what we did in 2008-10. Unlike 2008, banks were not the bane of our problems. In 2008, we were in the eye of the storm. Do we want to pass on the opportunity to operate with fewer, yet more capable (and therefore higher compensated) employees? And our collective capital position is much stronger than 2008.

Community Bank 88

Community Bank Community Capital Analytics 88