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Category: Activity


Activity, Business Banking, Products, Trading

Wall Street’s next trading innovation: Air-fare derivatives

January 23, 2020

Via: CNBC

European planemaker Airbus is working with Nasdaq to develop a derivatives-based trading platform that will allow airlines to protect against swings in ticket prices. Just like airline companies use oil futures to hedge against the volatility in fuel costs, they […]


Activity, Trading

European stocks down as ECB holds on policy and coronavirus concerns ramp up

January 23, 2020

Via: Market Watch

European stocks fell on Thursday as the European Central Bank left key monetary policy unchanged as expected, with investors backing away from perceived riskier assets such as equities amid a growing coronavirus crisis out of China. Worries about international trade […]


Activity, Insurance

Ransomware Exposure Driving Up Cyber Insurance Costs

January 22, 2020

Via: Insurance Journal

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, […]


Activity, Corporate Banking

Goldman Sachs Provides Up to $10MM Funding to On the Road Lending

January 22, 2020

Via: ABF Journal

On the Road Lending has received a loan of up to $10 million from the Goldman Sachs Urban Investment Group to fuel expansion of its successful initiative across underserved communities throughout the Southeastern U.S. On the Road Lending helps clients […]


Activity, Investment Banking

Visa stock heads toward longest win streak in a decade, as analyst says it’s a smart bet on millennials

January 21, 2020

Via: Market Watch

Shares of Visa are on track to notch their longest win streak since 2009, with a potential ninth straight gain, as an analyst said the stock looks like a smart way to bet on millennial finance trends. The credit-card giant’s […]


Activity, Corporate Banking

JP Morgan announces new division to fund at least $100 billion in emerging market projects

January 21, 2020

Via: CNBC

J.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. The lender said it can finance more than $100 billion annually from its investment bank and created […]


Activity, Trading

Stocks hit new highs as Dow, S&P 500 cap a record-setting week

January 17, 2020

Via: Market Watch

U.S. stocks traded modestly higher Wednesday, with the major benchmarks reaching new intraday highs early, after data on new U.S. home construction showed it surging to 13-year highs in December, adding to a series of indicators this week suggesting the […]


Activity, Investment Banking

Bank of America Tops Q4 Earnings Forecast With Solid Loan Growth

January 15, 2020

Via: TheStreet

Bank of America (BAC) – Get Report posted better-than-expected fourth-quarter earnings Wednesday as loan growth offset narrowing interest rate margins at the consumer-focused lender. Shares in the group opened weaker, however, after it cautioned that net interest income would likely […]


Activity, Investment Banking

Visa to buy fintech start-up Plaid for $5.3bn

January 14, 2020

Via: Banking Technology

Plaid, which calls itself the “plumbing” behind fintech, provides the application programme interfaces (APIs) which connect users’ bank accounts with third party providers (TPPs) such as Venmo, Square Cash and Robinhood. The size of the deal is roughly double the […]


Activity, Trading

Bank Earnings: One Big Takeaway from JPMorgan, Citi, Wells Fargo

January 14, 2020

Via: TheStreet

Analysts sometimes tout diversified banks that can move revenue exposure to businesses away from the yield curve. That thread of logic proved very valid Tuesday. Here were the earnings: JPMorgan reported revenue of $28.3 billion, beating estimates of $27.8 billion. […]