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 …
Authoritative Analysis on International Banking, Finance and World Affairs
The Generative AI Revolution in Banking: Transforming Research, …
Oct 8, 2024 · GenAI’s potential for metamorphosing operations has captured the attention of banks worldwide. While still new, the technology is already upgrading processes in three key areas: research, risk assessment and compliance. As banks increasingly embrace GenAI’s advantages, they must plan carefully and ensure necessary governance is in place.
Sanctions Notwithstanding, Russia’s Economy Continues to …
Oct 31, 2024 · 875. By Nicholas Larsen, International Banker. O n October 22, the International Monetary Fund (IMF) released the latest edition of its “World Economic Outlook”. Published twice a year, the report’s October issue confirmed that the organisation expects the Russian economy to grow by 3.6 percent this year, up from the 3.2-percent expansion stated …
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.
Understanding Blackstone Group’s Investment Strategy
Nov 7, 2016 · For 31 years, private-equity firm Blackstone Group has produced healthy returns for its fund investors, despite weathering some stormy economic conditions. Much of its success is due to its strategy of reaching money-making, risk-mitigating deals at …
Liquidity Management: A New Challenge for Banks - International …
Jan 10, 2023 · 3.6K. 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 benign funding ...
News Archives - International Banker
Are you ready for. DORA Compliance? The Digital Operational Resilience Act (DORA) is coming into force on the 17th January 2025.. Discover expert insights, practical strategies and case studies tailored to your needs.
TD Bank's $3 Billion Fine Reveals the Shortcomings of the Banking ...
Nov 20, 2024 · TD Bank, Canadian-owned but the 10th largest US bank, consented to a $3-billion settlement with US regulators over its decade-long failures to monitor customer transactions, becoming the first US bank in history to plead guilty to conspiracy to commit money laundering. The case highlights the onus on banks to ensure AML compliance.
Pre-Provision Net Revenue (PPNR) Modelling: A Global Stress …
Jun 15, 2015 · 42K. By Andrew Frisbie, Managing Director, UK Region Head, Novantas. Summary. Since the crisis, stress testing has been a central driver of enhanced global standards for advanced risk management.