Category: Activity

January 23, 2020

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 […]

January 23, 2020

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 […]

January 22, 2020

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, […]

January 22, 2020

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 […]

January 21, 2020

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 […]

January 21, 2020

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 […]

January 17, 2020

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 […]

January 15, 2020

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 […]

January 14, 2020

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 […]

January 14, 2020

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. […]