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LATEST PUBLICATIONS



Deutsche Bank to focus on Germany for job cutting scheme

October 10, 2019

Category: Regulations

The lender is relying on savings at retail units to lower its annual costs. It employs 41,700 people in Germany, out of a total of 91,700. Deutsche Bank announced that it would be cutting 18,000 jobs in July, a key […]


Bank jobs to be decimated by new technology

October 2, 2019

As many as 200,000 jobs will disappear as machines replace labour during a new ‘golden age of banking efficiency’, the 225-page report states. And it’s not just the robot revolution doing the damage, as US banks elevate tech spending annually […]


Fed’s Bullard says the end of an era of free trade is imperiling the U.S. economy

September 24, 2019

St. Louis Fed President James Bullard on Monday said the U.S. economy is at risk because the 75-year old era of free trade, which has helped domestic companies prosper globally, is ending. The global economy is “going to have to […]


Capital and Risk, Macroeconomic

Millennials are about to trigger a major ‘changeover point’ for the US economy, asset manager says

October 14, 2019

Via: CNBC

A fundamental shift in the spending habits of U.S. millennials will have an incredible impact on the world’s largest economy, according to the CEO of Smead Capital Management. U.S. adults aged between 21 and 38 years old will prioritize “necessity […]


Business Banking, Products, Regulations

Mastercard, Visa, eBay and Stripe follow PayPal’s suit and leave Facebook’s Libra

October 14, 2019

Via: Banking Technology

The Financial Times and Bloomberg reported the decisions by five heavy-weight backers to pull out of the project, which now leaves Libra with no major US payment processor following PayPal’s drop out too earlier last week. On Wednesday last week, […]


Capital and Risk, Liquidity, Regulations

Federal Reserve shelves tougher liquidity rules for foreign banks

October 11, 2019

Via: Banking Technology

The rules establish a framework that sorts banks with $100 billion or more in total assets into four different categories based on factors, including asset size, cross-jurisdictional activity, reliance on short-term wholesale funding, nonbank assets, and off-balance sheet exposure. According […]


Channels

Coinbase rolls out mobile trading app

October 11, 2019

Via: Finextra

Unlike traditional capital markets, crypto trades 24/7. Opportunities to buy and sell present themselves at all hours of the day. This means it’s critical for traders to have access to the tools and information they need to capitalize on these […]