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 …
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 …
International Banker - Authoritative Analysis on International …
WEBOctober 1, 2024. Banks’ treasury departments must move quickly to stay on top of trends while remaining compliant with regulations and meeting customers’ …. September 16, 2024. Financial technology has fuelled the UK’s economic growth but has more to do—with organisations, industry experts and the government collaboratively ….
Liquidity Management: A New Challenge for Banks - International …
WEBJan 10, 2023 · 3.4K. By Phillip Straley, President, FNA . S tories of liquidity pressures have dominated the headlines recently as banks and other financial institutions feel the strain of current market challenges. Even market favourites, such as fast growing fintechs, are feeling the pain of the liquidity shortage. For years, the benefits of abundant and cheap …
The Dollar Still Dominates, but De-dollarization Is Unstoppable
WEBJan 2, 2024 · The United States enjoys a special advantage because of the preeminent status of its dollar as the world’s leading reserve currency and medium of exchange. Other countries are increasingly moving toward knocking the dollar off its throne through de-dollarization. The trend is unstoppable, but it’s unlikely the dollar will lose much of its …
Afghanistan: The State of Banking Under the Taliban
WEBOct 21, 2021 · 4.3K. By John Manning, International Banker. I n late September, the chief executive officer of the Islamic Bank of Afghanistan, Syed Moosa Kaleem Al-Falahi, warned of an imminent collapse in Afghanistan’s banking system. “There are huge withdrawals happening at the moment,” Al-Falahi told the BBC (British Broadcasting Corporation). …
Instituting a Funds Transfer Pricing (FTP)-driven Decision …
WEBOct 21, 2014 · Let’s examine FTP with this example of a 2-year loan financed by a 3-month deposit. Let’s say the Deposit division acquires USD 1 million as funds from the customer at the cost of 4%. The funds are then passed on to Treasury at 6% (FTP rate) and earns a deposit spread of 2% in the process. Treasury then passes the funds on to the Loan ...
Bank Islam Malaysia: A Global Leader in Islamic Finance
WEBJul 17, 2014 · 11.5K. By Elizabeth Frasier-Nelson – [email protected]. Malaysia has a well-established and recognised competitive advantage in Islamic finance that is continually strengthened by the operational environment of progressive regulation, favourable tax regimes and, most importantly, …
Minority-Owned Banks in the United States on a Mission to …
WEBSep 22, 2022 · Of the nearly 4,800 insured commercial banks in the United States, only 143 are MDIs (with 19 being Black-owned and -operated). The disparity is even starker when looking at total bank assets. As of the end of 2021, MDIs held about $363 billion in combined assets, compared to more than $22 trillion in total assets in the US banking …
Banking Archives - International Banker
WEBSep 30, 2024 · Banks’ Ballooning Appetites for Private Credit Raise Shadow Banking’s Risks to the Financial System. September 3, 2024. Non-bank financial intermediaries, or shadow banks, are gaining ground in the world’s financial system, posing risks to …