Category: Capital and risk

Capital and risk, Credit

Citigroup downgraded on credit quality concerns, ‘disappointing’ margins

October 16, 2017


Mounting credit concerns and lethargic profit margins will plague “weak” Citigroup earnings over the next two years, said one Wall Street research firm. Societe Generale reduced its rating on Citigroup shares to sell from hold Monday, citing deteriorating credit trends […]

Capital and risk, Operational, Products, Retail banking

Coinbase promises real-time settlement on virtual currency purschases from US bank accounts

October 13, 2017

Via: Finextra

We are excited to announce the ability for customers to instantly purchase digital currency using a US bank account. Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Customers can now […]

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 […]

Capital and risk, Operational, Products, Retail banking

Wells Fargo launches mobile “tap and pay” functionality at 5,000 ATMs

October 11, 2017

Via: Banking Technology

More than 5,000 ATMs of Wells Fargo (40% of its ATM network) now have near-field communication (NFC) enabled mobile wallet capability – i.e. the bank’s debit card customers can now “tap and pay”. The bank says it aims to upgrade […]

Capital and risk, Credit

Corporate vs. Business Credit Cards: Which Is Best for Your Bottom Line?

October 10, 2017

Via: GOBankingRates

Corporate and business credit cards are two different things. Corporate credit cards are typically issued to businesses with revenues of several million to billions of dollars, and the company, not an individual, is liable for any nonpayment issues. Business credit […]

Capital and risk, Credit

Best Credit Unions: 18 Top Picks for International Credit Union Day

October 9, 2017

Via: GOBankingRates

Credit unions are nonprofit financial institutions that are owned by their members — and for many, they’re a popular alternative to national and community banks. In honor of International Credit Union Day — celebrated annually on the third Thursday of […]

Capital and risk, Operational

Nacha’s American API payments dream pushes on

October 6, 2017

Via: Banking Technology

Nacha, the backbone for the electronic movement of money and data in the US, and its Payments Innovation Alliance (PIA), have named the first five APIs for their big payments push. The API Standardization Industry Group, created in spring 2017 […]

Capital and risk, Credit, Products, Retail banking

Hey big lender! Finastra, R3 and seven banks have blockchain plan

October 5, 2017

Via: Banking Technology

Finastra, R3 and seven banks – including BNP Paribas, BNY Mellon, HSBC, ING and State Street – are working together to create a blockchain-fuelled online marketplace for the syndicated loan market. Underpinned by Corda, R3’s distributed ledger technology (DLT) based […]

Capital and risk, Credit, Regulations

Finance Industry Sues to End U.S. Rule Curbing Forced Arbitration for Consumers

October 2, 2017

Via: Insurance Journal

A coalition of corporate lobbying groups, led by the U.S. Chamber of Commerce, sued the Consumer Financial Protection Bureau to overturn a rule that makes it easier for aggrieved customers to file lawsuits against financial firms. The litigation, filed Friday […]

Capital and risk, Credit

Wells Fargo Agents $275MM Oncor Electric Facility

September 28, 2017

Via: ABF Journal

Oncor Electric Delivery entered into a term loan credit agreement with Wells Fargo Bank as administrative agent. The agreement provides for a springing-lien term loan credit facility in an aggregate principal amount of $275 million. The term loan agreement has […]