Remove 2010 Remove National Remove Security Remove Taxes
article thumbnail

Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109
article thumbnail

Wells Fargo Computer Glitch Forced Hundreds Of Foreclosures

PYMNTS

Wells Fargo , the embattled national bank, disclosed in a Securities and Exchange Commission filing that hundreds of individuals saw their homes in foreclosure because of a glitch in software the company used. The computer glitch impacted some accounts that were in the foreclosure process between April of 2010 and October of 2015.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The pro-cyclicality of capital ratios and credit supply, a tale of two sizes

BankUnderground

GDP data was collected from the Office for National Statistics and FRED® for the UK and US respectively. The aim of having a long time series is to have a sample that covers at least a big portion of a credit cycle before the introduction of the much stricter capital requirements by Basel III standards in 2010. Pre-tax profits 8305 29.76

Capital 78
article thumbnail

Bitcoin’s Resplendent Week

PYMNTS

Takach suggested that the general legal rules of libel, taxation, securities and regulations, originally applied to internet models, apply to cryptocurrencies now, and regulations to prevent terrorist financing, privacy rules and consumer protection can be created based on internet-related precedents. But until then….

Bitcoin 100
article thumbnail

Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

First of all, if they continue to buy securities, they are removing many of the high quality securities from the marketplace, possibly causing a disruption or shortage in the markets. trillion of securities amassed during QE1 and QE2. In all, there are 33 factors that go into the Index creation. in July and CoreLogic, +4.6%

article thumbnail

Guest Post: 3rd Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

So far in 2010, private employers have added 723,000 jobs, well below the pace of prior recoveries. Well, if you are NBER, or National Bureau for Economic Research, and you wait fifteen months to declare that the recession was over in June, 2009 (its duration was 19 months), no one will care. in the second quarter and 1.1%

Taxes 60
article thumbnail

Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. Their non-performing loans (NPL)/total loans ratio peaked at 12.54% in 2010, and between 2009-12, the Bank charged off over 11% of its loan portfolio. Actually, the Bank had a one-time after tax litigation settlement (from a 2002-04 event) of $6.2