Category: Capital and risk

Capital and risk, Liquidity

Bitcoin has ‘pretty much failed’ as a currency, Bank of England Governor Carney says

February 20, 2018


Bank of England Governor Mark Carney raised concern over extreme volatility in the world’s best known digital currency. “It has pretty much failed thus far on … the traditional aspects of money. It is not a store of value because […]

Capital and risk, Macroeconomic

The Cost of Cyber Attacks to U.S. Economy

February 20, 2018

Via: Insurance Journal

Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House said Friday. The estimate comes in a Council of Economic Advisers report on the impact of cyber attacks on U.S. government and […]

Capital and risk, Credit

States that voted for Trump more likely to have growing credit-card debt

February 14, 2018

Via: Market Watch

American households are falling deeper into debt, reaching another all-time high last year of more than $1 trillion in outstanding revolving credit — also known as credit-card debt. That’s a 6% jump from the year before and a 20% increase […]

Activity, Capital and risk, Macroeconomic, Trading

We must stop this out-of-control trading or the US capitalist system will break down

February 12, 2018


Real harm is being done by out-of control trading. Market volatility is an outrage for Americans who have trillions of their dollars in 401(k) and other retirement and savings plans. Market volatility is an outrage for companies that hope someday […]

Capital and risk, Operational, Products, Retail banking

Radius Bank Partners With Fintech Mantl for Account Opening Platform

February 9, 2018

Via: Bank Innovation

Boston-based Radius Bank, along with its NYC-based partner Mantl, has opened a digital account opening platform, the bank announced. This platform allows users to reduce the time it takes to open a new bank account to under four minutes, the […]

Capital and risk, Operational, Uncategorized

US charges two over ATM jackpotting scheme

February 6, 2018

Via: Finextra

US authorities have charged two men with bank fraud after they allegedly used malware to jackpot ATMs and empty the machines of cash. Last week it emerged that the US Secret Service has been warning banks and ATM manufacturers that […]

Capital and risk, Channels, Operational

Robotic Process Automation: Taking the Robot out of the Human

February 5, 2018

Via: Finextra

As Business Process Management (BPM) continues to develop, one of the most exciting and high profile aspects of it is that of Robotic Process Automation (RPA). RPA is transforming organisations across all industries, leading experts to believe that it is […]

Capital and risk, Credit

Get a Credit Freeze NOW Before it’s Too Late!

February 2, 2018

Via: Finextra

What is a credit freeze? It’s an action you take to lock down your credit report. A lender can’t see your score, which means your Social Security number and credit rating is useless to them. In other words, they can’t […]

Capital and risk, Credit

Wells Fargo Agents $250MM Facility for Wingstop

February 1, 2018

Via: ABF Journal

Wingstop closed a new $250 million senior secured credit facility with Wells Fargo Bank as administrative agent as part of the company’s recapitalization The new five-year credit facility bears an initial interest rate of LIBOR + 275 bps and consists […]

Capital and risk, Credit

Salesforce invests in nCino

January 31, 2018

Via: Finextra

NCino, the worldwide leader in cloud banking, today announced that its customer portfolio now includes more than 180 financial institutions across multiple countries, including 10 of the top 30 U.S. banks by asset size and Navy Federal, the world’s largest […]