South State Correspondent

MAY 7, 2024

On April 26, 2024, Republic First Bank (DBA Republic Bank) was seized by state regulators and the long running bank drama came to an end. Also, interest rates are not high by historical comparison (especially when eliminating the pandemic monetary response), and bank managers’ job is to manage uncertatiny (also called risk).

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Risk Management Security Management Groups 195

PYMNTS

DECEMBER 28, 2020

Large Chinese companies, including Alibaba and rivals Tencent , food delivery giant Meituan and retailer JD.com , have lost almost $200 billion in Hong Kong since regulators announced last week that they were investigating Alibaba's reported monopolistic practices, according to Bloomberg. Regulators on Sunday (Dec.

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Regulation Google Report Capital 141

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. Anil Ambani , group chairman of the non-bank financial company (NBFC), revealed the firm’s plans on Monday (Sept. Following Ambani’s announcement, shares in Reliance Capital dropped to their lowest level in two decades.

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Capital Lending Regulation Operations 109

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant?

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Regulation Compliance Capital Resources 108

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions. Regulators review them to assess safety and soundness.

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Report Risk Management Capital Data 195

Abrigo

DECEMBER 22, 2023

Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings. They’ve also focused on managing interest rate risk in a rising rate environment. The institution can more easily capitalize on opportunities and avoid unnecessary risk.

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Lending Risk Management Community Management 221

PYMNTS

NOVEMBER 11, 2020

The State Administration for Market Regulation — China’s regulator — said on Tuesday (Nov. Alibaba has about a 33 percent stake in Ant Group. The decree from Chinese regulators followed the suspension of Ant’s initial public offering (IPO) in Shanghai and Hong Kong. The news sent Alibaba shares down more than 7 percent.

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Regulation Marketing Groups Lending 207

PYMNTS

JULY 2, 2018

Despite a regulation crackdown and other issues, investors have continued to fund cryptocurrency startups in 2018, with ICOs raising $11.8 This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S. This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S.

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Regulation cryptocurrency Fraud Analysis 101

PYMNTS

AUGUST 4, 2017

Financial analysts are fairly optimistic about Europe , but the latest Europe Working Capital Survey released by REL Consultancy, part of the Hackett Group, found the EU’s top 1,000 nonfinancial companies saw their cash conversion cycles slip as they hold onto more net working capital. The data, released Thursday (Aug.

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Capital Washington Survey Regulation 102

PYMNTS

DECEMBER 28, 2020

Recent regulatory crackdowns on Ant Group, Alibaba and Tencent show that China’s former tech darlings have run afoul with all-powerful political and regulatory regime in China. Reuters quoted Ant as saying in a statement that it would establish a “rectification” working group and fully implement the government’s requirements.

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US Regulation Groups System 168

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

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United States Regulation Payments Lending 217

PYMNTS

JANUARY 14, 2021

In today’s top payments news around the world, Grab Financial Group said it has raised $300 million in a funding round, while the Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy. Grab Financial Group Raises $300 Million For Expanded Finance Solutions.

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Innovation Policies Groups Payments 138

PYMNTS

OCTOBER 22, 2020

Plus, Ant Group has received approval from top security regulators for its Shanghai offering. Ant Group Moves Ahead With $35B IPO After China's OK. The Hong Kong sale is being managed by Citigroup, China International Capital Corp., Swedish Startup Lendify Closes $115M Funding Deal. Morgan Stanley and J.P.

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Security Groups Payments Regulation 134

PYMNTS

FEBRUARY 10, 2020

Businesses managing cryptocurrencies have had a tough time maintaining relationships with legacy banks because of the perception that bitcoin-type transactions are connected to criminal behavior. regulators, including the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

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Fintech cryptocurrency Bitcoin Regulation 205

South State Correspondent

APRIL 10, 2023

Nonetheless, with the recent collapse of sizeable regional banks, regulators, investors, analysts, accountants, and bankers are now scrutinizing the fair value of banks’ securities and loan portfolios. Fair Value of Loans The fair value of securities has made recent headlines with a focus on regulators, legislators, and bankers.

Community Bank 195

Community Bank Community Security Capital 195

Gonzobanker

APRIL 23, 2020

Troubled Debt Restructuring (TDR) guidance relaxation from regulators does not mean borrowers that are given help now will not end up classified as TDRs down the road. In addition to standard CRE groupings of office properties (owner-occupied, multi-tenant, multi-family, retail/restaurant, industrial, land, etc.),

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Management Tampa Analytics Data 80

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. In addition, equity investments would be tied to a newly renamed asset management unit.

Operations 150

Operations Capital Groups Apple 150

Abrigo

JUNE 14, 2021

Management commitment As with any compliance program, one of the most important aspects of a strong SCP is a “culture of compliance,” from the top, to the middle, to the front line. As seldom seen from the regulatory authorities, the Guidelines generally defines management as senior leadership, executives, or the board of directors.

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Compliance Training Resources Policies 370

PYMNTS

OCTOBER 3, 2019

Today in the payments news roundup, FinTech startup Brex is launching a business cash management account to take the place of traditional business bank accounts. Brex is rolling out a business cash management account to take the place of traditional business bank accounts. Malaysia Regulators Want To Slap Grab With $20M Fine.

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Management Fraud Payments Boston 108

PYMNTS

JUNE 29, 2020

But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates. trillion worth of working capital could be optimized through supplier payment practices , according to recent analysis by The Hackett Group of the top 1,000 non-financial U.S. ” $1.3 ” $1.3

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Payments Analysis Capital Strategy 256

PYMNTS

FEBRUARY 15, 2018

He said that in his own state of Washington, state regulators have been looking at those issues for some time to determine the possibility of some sort of reciprocity or sharing of information. “It The pilot being run with those initial seven states will provide some answers for how state regulators can streamline the process.

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Washington Regulation Conference Fintech 101

Jeff For Banks

AUGUST 2, 2014

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. So, no, we are not re-doing our capital plan.

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Regulation DC FDIC Analytics 93

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. In addition, equity investments would be tied to a newly renamed asset management unit.

Capital 131

Capital Groups Apple Operations 131

PYMNTS

MARCH 1, 2020

Accolade capitalizes on machine learning, artificial intelligence (AI) and mobile apps to enable members to easily traverse their health care benefits. Lead book-running managers for the IPO included Goldman Sachs, Morgan Stanley and BofA Securities. Book running managers were Credit Suisse, Piper Sandler and William Blair.

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Mobile Philadelphia Seattle Washington 165

PYMNTS

DECEMBER 20, 2018

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. Regulators have yet to develop policies over how digital tokens trading should work and who can engage in it, reported Reuters.

cryptocurrency 168

cryptocurrency Bitcoin Regulation Regional 168

Jeff For Banks

JANUARY 24, 2015

Prediction : The Federal Reserve''s Comprehensive Capital Analysis and Review (CCAR) and its complementary Dodd-Frank Act Stress Testing (DFAST) will meet its intended purpose, to better ensure financial institutions have sufficient capital during times of economic duress. In other words, what''s your well capitalized?

Capital 60

Capital Analysis Regulation Strategy 60

TheGuardian

MARCH 30, 2021

The Securities Exchange Commission is said to have requested further information from major US banks Goldman Sachs, Wells Fargo and Morgan Stanley, as well as Japan’s Nomura and Swiss lender Credit Suisse about a meeting with Archegos founder Bill Hwang on Thursday.

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Meeting Regulation US Capital 85

PYMNTS

OCTOBER 2, 2018

The manipulation of cryptocurrencies is getting attention from regulators who have been warning that these digital tokens, and the exchanges they are traded on, could be vulnerable to price manipulation. ” He said that earlier this year, Virgil Capital lost money on ether trades due to a bot.

cryptocurrency 180

cryptocurrency New York Groups Capital 180

PYMNTS

JANUARY 27, 2020

Other than online search, talks between the two groups will likely also focus on whether the Android operating system is another example of potential monopolistic control by Google , as well as the ideal allocation of investigatory labor among federal and state regulators. Thus far, U.S.

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Google Puerto Rico District of Columbia Meeting 130

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

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Regulation FDIC Community Lending 78

PYMNTS

SEPTEMBER 2, 2020

The lead underwriter for the offering is Goldman Sachs Canada in cooperation with book managers Credit Suisse Securities Canada Inc, BMO Nesbitt Burns Inc. and RBC Capital Markets. Last summer, Nuvei purchased payments firm SafeCharge International Group for $889 million.

Payments 229

Payments Fintech Security Technology 229

PYMNTS

NOVEMBER 12, 2020

urged antitrust regulators to act fast in enforcement toward Google. banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. A group of 165 companies and industry associations — from the U.S. UK BaaS Railsbank Closes $37M Funding Deal To Support Growth.

Google 193

Google Payments Regulation Branding 193

BankUnderground

OCTOBER 18, 2022

They argue that these risks are not currently included within risk weights in the banking prudential framework and that regulators should adjust the framework to include them. RWAs are a key component of the regulatory capital framework and are designed to reflect differences in risks across banks.

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Analysis Regulation Capital Policies 97

PYMNTS

JUNE 22, 2020

has put into place a three-year secured asset-based revolving credit facility with a group of financial institutions (FIs). It has put most of its store workers and a share of its corporate staffers on leave, has halted plans for share repurchases and has tightly managed expenses, capital expenditures and working capital, among other steps.

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Retail Capital Security Meeting 141

Independent Banker

FEBRUARY 28, 2022

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. In person for the first time since 2019, the ICBA Capital Summit in Washington, D.C., No other event provides more opportunities for community bankers to engage with lawmakers, regulators and government officials.

Community 180

Community Washington Community Bank Capital 180

PYMNTS

JANUARY 24, 2019

More approvals are coming in China for global banks looking for majority ownership in their local securities ventures, according to a top Chinese regulator. In December, UBS Group AG was the first foreign entity to be granted approval for a majority stake in a local venture. The level of new issuance of Chinese companies in the U.S.

New York 156

New York Video Regulation Security 156

PYMNTS

JUNE 24, 2020

Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based Since COVID-19, non-bank lenders have been hurting as capital markets became less available and retail investors tried to withdraw their cash from the P2P sector, the Times reported. Capital One was one of the earlier disrupters,” Janardana said.

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Security Capital Cards Report 215