This common bank fee has soared 55% over the past decade

October 3, 2017

Some of the most aggressive bank fees are also the most avoidable. ATM fees hit a new high for the 11th consecutive year, according to a study of fees by personal-finance site The survey looked at 10 banks and […]

Goldman Sachs Leads Greenhill $300MM Term Loan Financing

September 26, 2017

Greenhill launched a leveraged recapitalization to put in place a capital structure designed to enhance long-term shareholder value in the context of its current equity valuation, current tax rates and current opportunities in the credit market. The plan is intended […]

Blockchain firms R3 and Ripple locked in legal tussle

September 11, 2017

Category: Regulations

The blockchain duo of R3 and Ripple are suing each other over an options contract to purchase Ripple’s digital currency XRP, according to Reuters. In September 2016, the two companies entered an agreement giving R3 the right to purchase up […]

Activity, Trading

Citigroup Joins JPMorgan in Grappling With Bond-Trading Revenue Plunge

October 12, 2017

Via: TheStreet

Citigroup Inc. (C – Get Report) , the Wall Street bank, said third-quarter profit rose 8% from a year earlier, as gains on a sale of a fixed-income analytics business helped make up for a plunge in bond-trading revenue. Earnings […]

Capital and risk, Liquidity

Bitcoin Surges Past $5,000 for the First Time Amid Staggering Cryptocurrency Run

October 12, 2017

Via: TheStreet

Bitcoin smashed through the $5,000 barrier for the first time ever in early Thursday trading, extending its incredible year-to-date gains to trade at a level that is now four times the price of gold. Bitcoin prices were marked $415, or […]

Products, Retail banking

Lemonade platform now “open to the world” with API

October 11, 2017

Via: Banking Technology

“We’re opening up the Lemonade platform to the world!” says Shai Wininger, co-founder of Lemonade, a US-based insurtech firm. “For the first time, developers will be able to easily incorporate insurance into their own experience, alongside their main products,” he […]