December 3, 2019
Market WatchTry to imagine a market scenario where chip stocks hit a wall and tumble 50%, or the fallout as President Donald Trump slaps a tax on foreign earnings of American companies. Outrageous you say? Welcome to Saxo Bank’s annual rite […]
December 2, 2019
FinextraIn the past year, we’ve seen technology play a huge part in shaping the banking industry landscape, from emerging fintechs to new solutions facilitated by Open Banking to the latest AI tools. With such progression happening throughout the sector, we […]
December 2, 2019
CNBCResurgent optimism about the future of U.S. trade policy, along with a surprise spike in optimism about technological changes, helped lift confidence among small business owners, according to the fourth-quarter 2019 CNBC/SurveyMonkey Small Business Survey. The CNBC/SurveyMonkey Small Business Confidence […]
Capital and Risk, Macroeconomic
November 27, 2019
CNBCThe U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter. The Commerce Department says the July-September growth rate in […]
November 27, 2019
Banking TechnologyPRA deputy governor Sam Woods says “Citi failed to deliver accurate returns and failed to meet the standards of governance and oversight of regulatory reporting which [the PRA] expect of a systemically important bank”. The Bank of England, which oversees […]
November 26, 2019
Market WatchGold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery GCZ19, +0.29% on Comex gained $3.40, or 0.2%, to settle at $1,460.30 an ounce, after opening […]
November 26, 2019
Market WatchStock-index futures pointed to a flat start Tuesday, a day after Wall Street churned out another round of record closes on Monday, with investors focused on U.S.-China trade talks and an upbeat assessment of the economy from Federal Reserve Chairman […]
November 25, 2019
FinextraGeneration Z (or Gen Z), the demographic cohort following the Millennials, presents a new breed of customers for financial institutions. Born after 1995, Gen Z is the first generation to be born and raised with YouTube, Instagram and Netflix. Unlike […]
November 25, 2019
TheStreetYou may have heard the term “full coverage insurance,” but you may not have a full understanding of what it means. This is because the term isn’t an industry standard. It actually refers to a collection of car insurance policies […]
November 22, 2019
Banking TechnologyThe bank’s head of operations for corporate and investment banking Mark Matthews told Financial News that machine learning tools have already saved “680,000 hours of manual work”. Matthews say the bank has so far used bots to process five million […]