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Capital and Risk, Macroeconomic

Fed may not have enough firepower to prevent a recession

August 16, 2019

Via: CNBC

President Donald Trump wants the Federal Reserve to help head off a feared economic slowdown, but it’s not clear the central bank has enough firepower left to do so. Besides, some economists say, there’s really not much reason for the […]


Activity, Corporate Banking

Barclays ends landmark crypto partnership with Coinbase

August 16, 2019

Via: Banking Technology

For Coinbase, the loss means it no longer has access to the UK Faster Payments Scheme (FPS), which allows customers to instantly withdraw and deposit sterling on its platform. The crypto exchange is now looking to replace Barclays with UK […]


Activity, Insurance

Bill to Pool Small Businesses for Insurance Gets Final Approval in North Carolina

August 15, 2019

Via: Insurance Journal

A way for North Carolina small businesses and sole proprietorships to join together and obtain more affordable individual health insurance is heading to Governor Roy Cooper’s desk after the measure received final legislative approval. The Senate voted 32-9 on Tuesday […]


Activity, Trading

Trump tariff delay is a nod to the U.S. consumer — the only engine powering the global economy

August 15, 2019

Via: Market Watch

The Trump Administration gave markets an early Christmas present, when it announced Tuesday that it will delay planned tariffs on a subset of the $300 billion in imports that had been announced Aug 1. While the news caused stock markets […]


Business Banking, Products

PayPal backs global programme to help entrepreneurs tackling financial health

August 14, 2019

Via: Finextra

The three will work with local partners in the US, Latin America, Europe, the Middle East and India on the Finance Forward coalition. Finance Forward will run nine regional accelerator programmes and bootcamps over the next two years, helping entrepreneurs […]


Activity, Investment Banking

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

August 14, 2019

Via: Market Watch

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, […]


Capital and Risk, Liquidity, Macroeconomic

Small cap stocks are tanking, while large caps hold up, a signal something is wrong with economy

August 13, 2019

Via: CNBC

The performance gap between small caps and large caps is widening to historic lows, a trend seen during times of economic stress and investor caution, possibly signaling something worse with the economy could be coming. The small-cap benchmark Russell 2000 […]


Channels

Tandem Bank leverages Open Banking to offer competitive mortgages

August 13, 2019

Via: Finextra

Tandem customers will be given the opportunity to sign up to be part of a new group of co-creators and the bank will feed their input into the design phase of the mortgage, serving the consumer directly. The crowd-designed mortgage […]


Capital and Risk, Operational

China’s central bank says it’s close to releasing its own digital currency

August 12, 2019

Via: CNBC

China’s central bank is nearly ready to issue its own sovereign digital currency, according to a senior official. Mu Changchun, deputy director of the People’s Bank of China’s payments department, said the institution’s virtual currency was “almost ready” for release, […]


Capital and Risk, Credit

A Danish bank is offering mortgages with negative interest rates — why you shouldn’t wish for that to happen in the U.S.

August 12, 2019

Via: Market Watch

It’s safe to say that mortgage rates have never been lower in Denmark. In fact, they’re now negative. Denmark’s Jyske Bank JYSKY, -20.24%, is now offering a 10-year fixed-rate mortgage at negative 0.5%. Additionally, Finland-based Nordea Bank announced Wednesday that […]