Warren Buffett is a big fan of bank stocks — to the tune of $100 billion

August 14, 2019

Warren Buffett’s Berkshire Hathaway Inc. holds nearly $100 billion in financial-services stocks, underscoring the size of the billionaire investor’s ongoing bet on the future of the U.S. economy. Berkshire’s position has built up over years and includes banks, payment companies, […]

China trade fight seen dragging on through 2020 in threat to economy, Trump reelection

August 7, 2019

The White House’s escalating trade fight with China is increasingly likely to drag on through the 2020 election, handicapping the U.S. economy and potentially endangering President Trump’s re-election. Strategists and economists say the U.S. and China appear further away than […]

Bank of America beats analysts’ profit estimates on retail banking strength

July 17, 2019


Bank of America on Wednesday posted profit that exceeded analysts’ expectations on strength in its sprawling retail bank. The lender said it generated $7.3 billion in second-quarter profit, an 8% increase from a year earlier, or 74 cents a share, […]


Israeli government to fast-track fintech and blockcain licenses

August 20, 2019

Via: Banking Technology

The Capital Market, Insurance and Saving Authority division is dedicating industry teams, some of whom specialise in blockchain companies, to create local competition by increasing the number of licensed fintech companies across the country. Around 2,000 fintech and blockchain companies […]

Products, Retail Banking

RBS credit card customers left in the dark after IT outage

August 20, 2019

Via: Finextra

Acknowledging the problem, RBS says: “Some customers are unable to view credit card information on online and mobile banking. “We are also experiencing some problems with our telephony service for credit cards, which is limiting our ability to assist customers […]

Activity, Investment Banking

Goldman says buy dividend stocks amid diving yields

August 19, 2019


In a falling rate environment, Goldman Sachs is advising clients to buy high-dividend payers, which it says are trading at their cheapest levels in nearly 40 years relative to stocks with low yields. “With the 10-year Treasury yield at just […]

Activity, Corporate Banking

Wells Fargo Agents $5.5B Facility for DaVita

August 19, 2019

Via: ABF Journal

DaVita has entered into a new $5.5 billion senior secured credit agreement with Wells Fargo Bank as administrative and collateral agent. The new credit agreement consists of a five-year secured revolving loan facility in an aggregate amount of $1 billion, […]