The most recent data from S&P Global Market Intelligence has spotlighted a significant trend in the U.S. banking sector: a notable rise in high-volatility commercial real estate (HVCRE) loans. This development brings into focus the dichotomy of market confidence versus the possible hidden risks
Open banking represents a significant leap in the financial landscape, allowing consumers to share their financial data with third parties securely via standardized APIs. This trend, prevalent in Europe, is gaining traction in the United States, driven by Rule 1033, proposed by the Consumer
The acquisition of deNovo Partners by PJT Partners Inc. marks a significant milestone in the landscape of financial advisory services, particularly in the Middle East. PJT Partners, known for its independent advice and personalized service, is strategically expanding its footprint by integrating
Times are changing in Scandinavia, where a high-trust society is being replaced by something different. As many transactions are now 100% digital, it’s something that all insurers should be aware of and deploy tools to spot potential fraud from quote to claim settlement. Here’s the word: A new
The Moldovan banking sector stands on the brink of a revolutionary transformation, marked by strategic partnerships and evolving regulatory frameworks. Among the most notable collaborations spearheading this change is the partnership between Victoriabank, one of Moldova's leading banks, and Salt
The banking sector is increasingly reliant on third-party vendors for various functions and services. While this outsourcing can drive operational efficiency, it also exposes banks to a myriad of third-party risks. As these partnerships grow in complexity, robust third-party risk management has
The bustling world of finance faced a significant shake-up earlier this year when Ally Financial, a prominent banking institution, was hit by a substantial data breach. This incident has now escalated into a legal nightmare for the company, with customers seeking justice through class action
As technology advances and digitization intensifies, financial institutions find themselves at the forefront of unprecedented cyber threats. As the stakes get higher, banks are rethinking their strategies to shield themselves from cyber-attacks that can incur monumental costs and erode customer
Bank Danamon Indonesia is grappling with a surge in credit costs, a substantial issue stemming from its vehicle finance subsidiary, Adira Dinamika Multi Finance Tbk (Adira). The financial troubles from Adira have cast a spotlight on critical concerns regarding the bank’s asset quality, earnings
In an era marked by soaring home prices, rental costs, and rising levels of homelessness, the United States faces an urgent and complex housing crisis that demands immediate and effective legislative action. The recent introduction of the ROAD to Housing Act by Ranking Member Tim Scott (R-S.C.) and
