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Capital and Risk, Credit

How bankruptcy, civil judgments and tax liens affect your credit report

January 16, 2020

Via: Market Watch

Since the National Consumer Assistance Plan went into effect in 2017, public records must meet strict requirements to appear on consumer credit reports. Civil judgments and tax liens do not meet these new requirements, so they were removed from credit […]


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 […]


Capital and Risk, Credit

Credit scores in America just hit a record high — now for the bad news

January 15, 2020

Via: Market Watch

Americans’ credit scores continue to improve. But credit scores don’t tell the whole story of how consumers are faring financially. A new report from Experian EXPN, +1.46% found that the average FICO Score in the U.S. reached an all-time high […]


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. […]


Activity, Investment Banking

General Electric Shares Get Deutsche Bank Bull Call Based on Sales Catalysts

January 13, 2020

Via: TheStreet

General Electric (GE) – Get Report is expected to beat fourth-quarter earnings expectations Deutsche Bank analysts said in a note. GE shares at last check were 1.1% higher at $11.80 in Monday trading. They’d fallen more than 2% Friday. Deutsche […]


Capital and Risk, Macroeconomic

Happy New Year! The U.S. economy has entered 2020 ‘with a little more zip’

January 13, 2020

Via: Market Watch

As long as Americans keep spending, the economy is all but certain to sidestep a recession in 2020 for a record 11th straight year. The crucial question is, can they? And the answer seems to be, quite clearly, yes. What’s […]


Regulations

FCA stirs up competition for banks’ easy access saver accounts

January 10, 2020

Via: Banking Technology

After 12 months of offering multiple introductory rates, banks will then have to decide on one single easy access rate (SEAR) for their easy access cash savings accounts, and one for their easy access cash savings ISAs. The regulator says […]


Activity, Capital and Risk, Liquidity, Trading

Gold’s slide puts prices on pace for longest skid in more than 2 months

January 10, 2020

Via: Market Watch

Gold futures traded slightly lower Friday, heading for the longest losing skid in more than two months after the monthly U.S. employment report helped to solidify a rally in equities and away from so-called havens, as Middle East tensions ease. […]


Capital and Risk, Macroeconomic

Hiring growth seen tapering off in December amid tight labor market and slower economy

January 9, 2020

Via: Market Watch

The U.S. economy probably added enough new jobs last month to push employment gains in 2019 above 2 million for the ninth straight year, but the pace of hiring is slowing. Here’s what to watch in the U.S. Labor Department’s […]