International Banker - Authoritative Analysis on International …
WEBSeptember 3, 2024. The world’s most populous country, India, is also among its most inventive in developing domestic digital-payment innovations. With encouragement from …. July 22, 2024. Data centres and cloud computing have revolutionised industries worldwide, but these energy-guzzling innovations have produced high environmental costs.
The WorldCom Scandal (2002) - International Banker
WEBSep 29, 2021 · The WorldCom Scandal (2002) September 29, 2021. Coming hot on the heels of accounting scandals involving Enron and Tyco, both of which sent financial markets into tailspins, the fraud committed by WorldCom, one of the world’s biggest telecommunications companies, ended up dwarfing even those infamous crimes in terms of sheer numbers.
BDO Unibank: Proving that Digitalisation Is the Best Path to …
WEBAug 31, 2020 · BDO Unibank has been the bank of choice for Filipinos for decades, rewarded for its dedication to satisfying customers’ needs with high rankings. The Philippines’ Enhanced Community Quarantine has tested BDO’s dedication to its stated values, but it has proven faithful to its CORE commitments to clients. Even in stressful times, BDO is on track to fulfil its vision of serving as many ...
The Enron Scandal (2001) - International Banker
WEBSep 29, 2021 · The Enron Scandal (2001) Both of these buildings in downtown Houston, 1400 Smith Street and 1500 Louisiana Street, were formerly occupied by Enron. August 2021 marked the 20 th anniversary of arguably the most notorious corporate-accounting scandal of all time. It may not have been the biggest in dollar terms, or even the most severe in terms ...
The Savings and Loan Crisis (1989) - International Banker
WEBSep 29, 2021 · The US savings and loan industry thrived over the 150 years following its inception in the 1830s, using depositors’ savings to fund homebuyers’ mortgages at lower costs than banks. The model unravelled in the ‘70s and ‘80s as high inflation and interest rates chipped away at S&Ls’ profitability, until some became bankrupt—even criminal.
Extended Reality and the Metaverse Are Leading Financial Services …
WEBJun 24, 2022 · 2.9K. By Samantha Barnes, International Banker. I n October 2021, Bank of America (BofA) announced that it would be the first financial-services firm to launch virtual-reality training in approximately 4,300 financial centres nationwide. The training will be accessible to 50,000 employees, enabling them to practice a number of tasks of varying difficulty and simulate client interactions within ...
The Subprime Mortgage Crisis (2007-08) - International Banker
WEBSep 29, 2021 · The model looks sound on the surface: offer mortgages to borrowers with poorer credit ratings at higher rates. But as the US subprime mortgage crisis of 2007-08 proved, the risks associated with this strategy may override the benefits. This mortgage crisis sparked a chain of events that shook the world and ended in a global meltdown.
How AI Is Changing the Investing Process - International Banker
WEBSep 16, 2020 · Machine learning (ML) is arguably the most exciting aspect of this revolution. An application of AI, ML involves utilising data to learn, adapt and improve investment decisions without needing to be explicitly programmed to do so. By formulating various algorithms and then exposing them to substantial volumes of …
The Role of IMBs in the US Mortgage Market - International Banker
WEBApr 3, 2020 · IMBs were also responsible for financing more than 64 percent of minority homebuyer loans and more than 60 percent of all home-purchase loans for low- and moderate-income borrowers. Most IMBs are well capitalized for the risks they take, and their success is a result of prudent, responsible lending …
Addressing the Problems of Legacy Banking Systems
WEBOct 26, 2020 · Addressing the Problems of Legacy Banking Systems. October 26, 2020. Inspired by a wave of disruptive digital innovation, the last decade has witnessed perhaps the most rapid evolutionary change ever within the global banking system. Thanks mostly to a combination of greatly heightened expectations from banking customers and the …