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.
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 ...
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 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.
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.
UnionBank’s Digital Revolution: On Course and Full Steam Ahead
WEBDec 20, 2018 · Three years ago, Union Bank of the Philippines reached the unprecedented decision to transform itself to be “digital to the core”. Most every bank is introducing digital innovations, but UnionBank’s all-out approach to digital transformation is setting an example that other banks will choose to follow. Throughout its onward march of progress, UnionBank has remained committed to its ...
Biden’s Economic Scorecard Overshadowed by the Worst US …
WEBAug 21, 2024 · And the outstanding debt balance on US credit cards has spiked from $0.77 trillion in the first quarter (Q1) of 2021 to $1.12 trillion by Q1 2024—a whopping rise of 45 percent in just three years. “Inflation is so bad that after an entire year of holding interest rates at the highest levels in 23 years, the Federal Reserve is still not ...
Social Media as a Tool for Banks to Experience Meaningful …
WEBApr 15, 2021 · Social media also allows ads and posts to be targeted according to location, age, gender, career, education and interests, which can allow the bank to target segments of customers on a significantly more granular basis. Omnichannel benefits: Customers interact with their banks through many channels, with social media being just one.
Financial services: under attack from cyber criminals
WEBMay 24, 2016 · 20.5K . By John Wilson, Field CTO, Agari Financial services organisations remain a firm favourite for cyber criminals. Industry reports suggest that hackers target financial service firms 300% more often than any other sector – and this situation is unlikely to change. Many companies, especially those in the financial services sector, have now adopted digital strategies to speed up processes ...
Interview with Mr. Henry F. Saamoi, CEO of International Bank …
WEBJuly 10, 2018. Ms. Juliet Morris of International Banker interviews Mr. Henry F. Saamoi, CEO of International Bank (Liberia) on the banks role in the growth of Liberia, the digital solutions being implemented to improve customer service and his long career in banking. —–. Today International Banker is joined by Mr. Henry Saamoi, CEO of ...
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