The WorldCom Scandal (2002) - International Banker
Sep 29, 2021 · 28.3K . C oming 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.. By June 2002, the United States’ second-largest long …
The Enron Scandal (2001) - International Banker
Sep 29, 2021 · Enron Corp., once a top American energy-trading company, became a case study in corporate-accounting chicanery and filed for bankruptcy in 2001. The corporation’s troubles started with the introduction of mark-to-market accounting practices, leading to inflated valuations that could be hidden from investors and regulators for only so long.
International Banker - Authoritative Analysis on International …
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Liquidity Management: A New Challenge for Banks - International …
Jan 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 liquidity have meant a …
Addressing the Problems of Legacy Banking Systems
Oct 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 sustained development of the financial-technology (fintech) sector,
BDO Unibank: Proving that Digitalisation Is the Best Path to …
Aug 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 …
The Dollar Still Dominates, but De-dollarization Is Unstoppable
Jan 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 authority any time soon.
How Bank of Industry Succeeds in Developing Nigeria’s Industrial …
May 30, 2022 · 5.2K. By Olukayode Pitan, Managing Director and Chief Executive Officer, Bank of Industry. A t Bank of Industry (BOI), we are fully committed to transforming Nigeria’s industrial sector by providing financial assistance to enterprises of all sizes. Our business model cuts across micro, small, medium and large business segments, and we leverage both direct and indirect …
Instituting a Funds Transfer Pricing (FTP)-driven Decision …
Oct 21, 2014 · This report clearly shows Officer OC8 did a commendable job in loan origination and earned significant profitability for the bank. Based on this report, the bank’s leadership may wish to link the incentives of Loan Officers based on their contribution to bank’s profitability.
Charles Ponzi (1920) - International Banker
Sep 29, 2021 · 10.3K . 2 020 marked 100 years after Charles Ponzi was charged for committing what some have referred to as the “fraud of the century”. Indeed, there are not many criminals who have their work named after them. But such was the case with the Ponzi scheme, a confidence scam that fraudsters continue to commit to the present day.