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Activity, Trading

An AI winter for chip stocks and an America First Tax are Saxo Bank’s ‘Outrageous Predictions’ for 2020

December 3, 2019

Via: Market Watch

Try 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 […]


Channels

What trends will shake up the Banking Tech sector in 2020?

December 2, 2019

Via: Finextra

In 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 […]


Activity, Trading

Small business confidence rebounds on optimism about US-China trade deal

December 2, 2019

Via: CNBC

Resurgent 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

US economy grew at a moderate 2.1% annual rate in the third quarter

November 27, 2019

Via: CNBC

The 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 […]


Regulations

Citigroup fined record £43.9m for ‘widespread’ regulatory reporting failures

November 27, 2019

Via: Banking Technology

PRA 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 […]


Capital and Risk, Liquidity

Gold edges higher as economy and U.S.-China trade stay in focus

November 26, 2019

Via: Market Watch

Gold 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 […]


Activity, Trading

Dow futures flat after another round of stock-market records

November 26, 2019

Via: Market Watch

Stock-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 […]


Channels

How Generation Z Will Reshape Digital Banking

November 25, 2019

Via: Finextra

Generation 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 […]


Activity, Insurance

What Is Full Coverage Insurance and What Does It Cover?

November 25, 2019

Via: TheStreet

You 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 […]


Regulations

Deutsche Bank already using robots as it gears up to cut 18,000 jobs

November 22, 2019

Via: Banking Technology

The 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 […]