article thumbnail

CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital. at big banks.

article thumbnail

Workday Acquires Contractor & Vendor Management System VNDLY For $510M In Cash

CB Insights

Workday , a provider of human capital management, payroll, and financial management solutions, has acquired VNDLY , a contractor and vendor management system, for $510M in cash. VNDLY: Ohio-based VNDLY helps businesses manage contractors and other external workforce personnel. The transaction is expected to close in January 2022.

System 63
Insiders

Sign Up for our Newsletter

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

article thumbnail

Stress testing revisited to avert risk and improve risk ratings

Abrigo

In addition, “Management can use stress testing to establish and support reasonable risk appetite and tolerances, set concentration limits, adjust strategies and appropriately plan for and maintain adequate capital levels. Appraised values for properties are then adjusted by the amount of average decline in the market.

Columbus 150
article thumbnail

 Four In 10 Road Warriors Use Corporate Cards For Personal Items

PYMNTS

In the Asia-Pacific region, that tally stands at about 38 percent. In Australia, specifically in the capital city of Canberra, investigations are in place — and have been ongoing — into a fraudulent invoice paid to what the Canberra Times reported was an “illegitimate” bank account. Fraud Down Under.

Cards 150
article thumbnail

What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

According to Redfin , its “agents in both regions are reporting a noticeable jump in calls, emails and tour requests from prospective homebuyers interested in homes in these neighborhoods.” As one can imagine, and as PYMNTS reported, the Amazon move comes with significant incentives. Citi Reaction.

article thumbnail

Huntington Wasting No Time Wringing Profit from FirstMerit Deal

American Banker

Huntington Bancshares in Columbus, Ohio, is wasting no time capitalizing on its purchase of FirstMerit in Akron, Ohio.

article thumbnail

Why Banks Merge: Listen to the Sellers

Jeff For Banks

will provide greater capital resources and operational scale that will allow us to grow as part of a larger community bank." - Loralee Hutchinson, President of Alarion Financial Services, Inc. Read: You have to make lots and lots of little loans when you only have $25 million in capital. “I "Our combination. Am I reading it right?