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Managing Stagflation Credit Risk in Banking – Part III

South State Correspondent

In a stagflation environment, as interest rates rise and cash flow (earnings before interest, taxes, depreciation, and amortization (EBITDA), or net operating income (NOI)) decreases, the borrower’s capacity to service debt as measured by the debt service coverage ratio (DSCR) decreases rapidly. A loan starting at 1.20X DSCR dips below 1.0X

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FinCEN’s check fraud alert: Ten red flags you should know

Abrigo

Fraudsters will steal personal checks, business checks, tax refund checks, and checks related to government assistance programs. Fraud, including check fraud, is the largest source of illicit proceeds in the United States and is one of the anti-money laundering/countering the financing of terrorism (AML/CFT) National Priorities.

Fraud 195
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Union Budget 2020 Highlights

BankBazaar

To this end, the government proposed a slew of changes and incentives among which was a major tax rejig. The FM said that GST has integrated the economy and consolidated multiple taxes. Check out the latest Income Tax slabs for your reference: Income Tax Slabs 2020-21. Tax Changes. No tax up to Rs 5 lakh.

Taxes 146
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3 top tech trends for public accountants to watch in 2017

Abrigo

The thing about databases is they’re siloed and they’re generally centralized, and they’re owned and managed by someone who has unilateral editorial rights. Accountingfly CEO Jeff Phillips will lead a webinar on recruiting and hiring an advisory services team on Jan. Register here.)

Trends 218
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How Axis Bank Prevents Identity Fraud With Video-Based Onboarding

PYMNTS

The major cybersecurity issues that will continue to increase as digital becomes more prominent is fraudsters managing to get control of customers’ accounts,” he said. Axis’ onboarding system cross-references customers’ identifying information with India’s national identification number system, the world’s largest biometric identity program.

Video 205
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7 ways to handle the rising cost of living

Qudos Bank

Talk to those around you Managing the rising cost of living doesn’t have to be a solitary experience. Reach out to financial experts If you want help developing a plan to manage the rising cost of living, then it may be worth speaking to a financial expert. It’s a win-win. What are some ways to budget effectively?

Taxes 52
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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

Before the September 11 attacks, the BSA did not refer to terrorist financing as part of the illicit activity that law enforcement was concerned with preventing. BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. Before 9/11. BSA through the years.

Training 195