Tag: financial crisis

Capital and Risk, Credit, Regulations

No, We Are Still Not Done With Indemnification Claims Arising from 2000s Residential Mortgages

May 24, 2023

Via: JD Supra

If you thought we were finally done with indemnification litigation focused on residential mortgages originated before the financial crisis of 2007-2008, think again. Over the past year, the Federal Deposit Insurance Corporation (FDIC) as receiver for Washington Mutual Bank has […]


Deutsche Bank fined $9.8 million by BaFin for control lapses

December 29, 2021

Via: American Banker

Germany’s finance watchdog fined Deutsche Bank 8.66 million euros ($9.8 million) over its handling of submissions for Euribor, a reference rate at the heart of a scandal that rocked the industry. The lender temporarily didn’t have effective systems and controls […]

Capital and Risk, Insurance

Insurance Industry Heading to Faster Recovery than After 2008 Financial Crisis: Swiss Re

July 26, 2021

Via: Insurance Journal

The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation risk, insurer Swiss Re AG’s chief Americas economist […]

Capital and Risk, Credit, Regulations

Credit Suisse pays $600 million to settle U.S. mortgage case

February 12, 2021

Via: American Banker

Credit Suisse Group AG agreed to pay $600 million to settle a lawsuit over mortgage securities that collapsed in the 2008 financial crisis, an accord that locks in an expected hit to its profit. The plaintiff, MBIA Insurance, said late […]

Activity, Corporate Banking, Regulations

2020 review: A year which saw fintechs cut jobs, pay & business arms

December 29, 2020

Via: FinTech Futures

Alternative lenders struggled through long accreditation processes and dried up reserves, before eventually taking on loans which carry the potential risk of high default rates. Neobanks could no longer rely on interchange fees as a main source of income, prompting […]

Capital and Risk, Liquidity

Fed’s Bullard warns of financial crisis risks as virus cases spike, FT reports

July 2, 2020


St. Louis Federal Reserve Bank President James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported. “Without more granular risk management on the part of […]

Capital and Risk, Macroeconomic

New York region manufacturers are the most optimistic since coming out of the financial crisis

June 15, 2020


Manufacturing activity snapped back to life in the New York area this month as optimism for future activity hit its highest in almost 11 years. The Empire State Manufacturing Survey posted a reading of -0.2 in June after hitting record […]

Capital and Risk, Credit

Fed Unveils Emergency Lending Program to Shore Up Credit Markets

March 17, 2020

Via: The New York Times

The Federal Reserve on Tuesday took another step to try and prop up the American economy, saying it would begin buying up a type of short-term debt companies use for funding, known as commercial paper, to help keep credit flowing […]

Capital and Risk, Macroeconomic

This Is How the Coronavirus Will Destroy the Economy

March 16, 2020

Via: The New York Times

Though the Federal Reserve moved over the weekend to slash rates and buy treasuries, markets around the world fell on Monday anyway. The coronavirus threatens to set off financial contagion in a world economy with very different vulnerabilities than on […]

Retail Banking

Robinhood outage locks users out of recovering US market

March 3, 2020

Via: Banking Technology

For nearly the entire day yesterday, its 10 million users were unable to access their accounts and make trades. Meanwhile, the Dow Jones Industrial Average experienced a 1,294 point gain – its biggest point gain ever according to Business Insider. […]

Activity, Investment Banking

Wharton’s Jeremy Siegel sees a ‘short, quick recession’ due to the coronavirus

March 2, 2020


Wharton School finance professor Jeremy Siegel said the U.S. could suffer a near-term recession because of the negative economic impact from the fast-spreading coronavirus. “We could really have a short, quick recession,” Siegel said on CNBC’s “Squawk Box.” “There’s a […]

Activity, Trading

Value stocks have ‘never been this cheap,’ Bank of America says

November 8, 2019


Value stocks, those with stable fundamentals and subpar valuations, haven’t been this cheap since the financial crisis, according to Bank of America. Cheap equities enjoyed a resurgence in September from a decade of underperformance as investors bet on economically sensitive, […]

Capital and Risk, Liquidity, Macroeconomic

Small cap stocks are tanking, while large caps hold up, a signal something is wrong with economy

August 13, 2019


The performance gap between small caps and large caps is widening to historic lows, a trend seen during times of economic stress and investor caution, possibly signaling something worse with the economy could be coming. The small-cap benchmark Russell 2000 […]

Activity, Investment Banking

Stock-market investors haven’t been this bearish since the 2008 financial crisis, says Bank of America

June 18, 2019

Via: Market Watch

The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from Bank of America Merrill Lynch. The survey of 179 global managers overseeing some half […]

Capital and Risk, Liquidity

Maybe inflation is not dead as many major companies say they are raising prices

April 24, 2019


Companies seem to be talking a little bit more about how price increases are helping profits, an early sign that more inflation could be seeping into the economy. “It’s not bad. [Prices] are sticking a little bit. Anecdotal evidence is […]

Activity, Capital and Risk, Macroeconomic, Trading

From Trump to trade, the financial crisis still resonates 10 years later

September 11, 2018


This week is the 10th anniversary of the inflection point of the financial crisis: the collapse of Lehman Brothers, the biggest bankruptcy in history. To some, it feels like a long time ago. Yet, its effects still echo in the […]


Is Congress Sowing the Seeds of the Next Banking Crisis?

April 4, 2018

Via: Bank Director

Three weeks ago today, the U.S. Senate passed a bank deregulation bill that either provides modest relief to one of the country’s most heavily regulated and scrutinized industries—or sows the seeds of our next great banking crisis. Sponsored by Sen. […]

Activity, Investment Banking

JPMorgan Bondholders Just Don’t Care About the Next Financial Crisis

March 14, 2018

Via: TheStreet

The Federal Reserve and other U.S. bank regulators have spent the past decade trying to shore up financial-industry rules to protect taxpayers from having to bail out big Wall Street firms. Despite those efforts, a new study by researchers at […]

Activity, Trading

Citigroup’s $18 Billion Loss Recalls Sins of the Financial Crisis, Shares Gain

January 16, 2018

Via: TheStreet

Citigroup Inc. (C) shares rose as the bank said its fourth quarter earnings exceeded analysts’ expectations, not counting a $18.3 billion loss it took to write down the value of tax credits saved up following its massive government bailout in […]

Capital and Risk, Macroeconomic

America’s Shampoo Economy

December 11, 2017

Via: The New York Times

I recently gave an update on America’s economic policy, such as it is, to a group of bankers. I expected a great deal of interest in the Republican tax plan, but instead, they wanted to talk about how costly it […]