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Category: Capital and risk


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 […]


Capital and risk, Credit

Fiserv signs five more credit unions to DNA

December 7, 2017

Via: Finextra

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that five credit unions, with assets between $400M and $2.7B, will leverage core account processing and additional solutions from Fiserv to enhance their ability to […]


Capital and risk, Credit

Wells Fargo Agents $1.5B Facility for Bloomin’ Brands

December 6, 2017

Via: ABF Journal

Casual fast food operator Bloomin’ Brands completed a senior secured financing of up to $1.5 billion, consisting of a $500 million term loan A and a $1 billion revolving credit facility. According to a related 8-K filing, Wells Fargo served […]


Activity, Capital and risk, Liquidity, Trading

CME to launch bitcoin futures in three weeks after green light from regulator; bitcoin jumps

December 1, 2017

Via: CNBC

CME announced Friday its new bitcoin futures contract will be available for trading on Dec.18. The CME announcement came as the Commodity Futures Trading Commission said it will allow the world’s largest futures exchange and its competitor, the Cboe Futures […]


Capital and risk, Credit

10 Surprising Reasons Why More Americans Have Credit Card Debt

December 1, 2017

Via: GOBankingRates

When used responsibly, credit cards are a useful addition to your wallet. They’re not only safer than cash, they can also build your credit rating. And some cards include a rewards program, helping you save money on future purchases. But […]


Capital and risk, Liquidity, Macroeconomic

Credit Suisse CEO now has a whole new perspective of central banks

November 30, 2017

Via: CNBC

The chief executive of Credit Suisse has sharply altered his view on global central banks, telling CNBC that policymakers have been handling the current environment “very well.” “You have heard me previously taking about QE (quantitative easing) in a negative […]


Capital and risk, Macroeconomic

US third-quarter economic growth raised to 3.3%

November 29, 2017

Via: CNBC

The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, as increases in business investment in inventories and equipment offset a moderation in consumer spending. Gross domestic product expanded at a […]


Capital and risk, Credit

This Is the Most Popular Type of Credit Card Among Americans

November 29, 2017

Via: GOBankingRates

Nearly 200 million Americans have credit cards, according to Statistic Brain Research Institute. How people use them and what kinds of cards they use vary, however. GOBankingRates surveyed more than 2,000 Americans about their credit card behaviors and preferences, asking […]


Capital and risk, Liquidity

Dollar extends gains as Powell confirmation gets on under way

November 28, 2017

Via: Market Watch

The U.S. dollar added to previous gains against its major rivals on Tuesday, as traders braced for remarks from Jerome Powell, the Federal Reserve official nominated to take the baton from Chairwoman Janet Yellen when her term ends in February. […]


Activity, Capital and risk, Corporate banking, Credit

JPMorgan Agents $273MM Facility for Progress Software

November 28, 2017

Via: ABF Journal

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility. According to a related 8-K filing, JPMorgan Chase Bank served as administrative agent, sole bookrunner and sole lead […]