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The Advance of Blockchain into the Banking Industry

June 11, 2019

Via: Finextra

Blockchain is now all around us, and it’s taken up a major presence in many areas of our lives. This is only going to become more and more true in the future, making it important to stay in touch with […]


Activity, Investment Banking

Gold edges lower as investors shake off trade worries

June 11, 2019

Via: Market Watch

Gold moved lower for a second day Tuesday as investors shook off trade worries, with appetite for riskier assets boosted by additional efforts by China to stoke its economy. “Trade and tariff talks have distorted gold prices, as misunderstood gold” […]


Activity, Insurance

Wells Fargo Settling California Car Loan Suit for $385M

June 10, 2019

Via: Insurance Journal

Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting in many having their vehicles repossessed. The bank […]


Capital and Risk, Credit, Products, Retail Banking

Amazon’s newest credit card could be a double-edged sword for people with bad credit

June 10, 2019

Via: Market Watch

Amazon’s newest credit card is designed to appeal to consumers who are looking to improve their credit score. It comes with an unusual structure — and some major caveats. The Amazon Credit Builder card AMZN, +3.38% will function as a […]


Channels, Products, Retail Banking

Blockchain benefits limited for retail banks – report

June 7, 2019

Via: Finextra

Chief among the headwinds to greater blockchain adoption is the tough regulatory environment around consumer finance and the poor reputation of cryptocurrencies such as bitcoin which have made the retail banking sector “nervous and cautious” about any blockchain-related initiatives, says […]


Activity, Investment Banking

Stocks could surge on cusp of huge buying signal says Bank of America Merrill Lynch

June 7, 2019

Via: Market Watch

The pendulum has been swinging hard for equity investors lately. The S&P 500 SPX, +0.61% is poised for its best weekly performance of the year thus far (and since November), on the heels of the worst five-day return of 2019 […]


Capital and Risk, Credit

Auto loans hit record high, sending borrowers with the best credit to the used market

June 6, 2019

Via: CNBC

People buying a new vehicle are borrowing more and paying more each month for their auto loan. Experian, which tracks millions of auto loans each month, said the average amount borrowed to buy a new vehicle hit a record $32,187 […]


Capital and Risk, Macroeconomic

Despite Slowdown, U.S. Economy Keeps Adding Jobs and Pushing Up Wages

June 6, 2019

Via: TheStreet

As indicators mount that the U.S. economy might be slowing, a key report due Friday will provide the first major glimpse of whether the labor market remained on sound footing in May — and if inflation might be starting to […]


Products, Retail Banking

Left-leaning lawmakers like Bernie Sanders want Americans to bank at the post office — why that won’t help millions of people

June 5, 2019

Via: Market Watch

Progressive lawmakers including U.S. Sen. Bernie Sanders and U.S. Rep. Alexandria Ocasio-Cortez want Americans to be able to visit their local post office for their banking needs. Sanders, an independent from Vermont, and Ocasio-Cortez, a New York Democrat, see “postal […]


Activity, Corporate Banking

Wells Fargo Unveils New Commercial Banking Structure

June 5, 2019

Via: ABF Journal

Wells Fargo revealed its new leadership team and regional structure for its Commercial Banking business, led by Kyle Hranicky, a 25-year company veteran. With this new structure, Wells Fargo Commercial Banking has more than 6,000 team members across 24 divisions […]