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Capital and risk, Macroeconomic

Trump advisor Hassett: Emerging markets fallout, not US inflation, poses ‘biggest risk’ to economy

October 10, 2018

Via: CNBC

A more severe downturn in emerging markets is the “biggest risk” to the U.S. economy, not domestic inflation, a top economic advisor to President Donald Trump told CNBC on Wednesday. “I’m very concerned about emerging markets. If you look at […]


Channels

Standard Chartered and Huawei tackling corporate payments with blockchain

October 10, 2018

Via: Banking Technology

It aims to enable triggering financing or payment instructions in real-time through APIs, rather than through manual paper-based or e-mail instructions. The solution combines IoT and cloud capabilities to track goods in real-time, reducing operational risks and providing reliable data […]


Activity, Trading

Big banks to kick off earnings season this week, but reports may not boost their stocks

October 10, 2018

Via: Market Watch

Will the third-quarter earnings season prove the charm for bank stocks, which have lagged behind other sectors and the main benchmarks this year? Probably not, according to analysts previewing the numbers, even though expectations for the sector have been scaled […]


Capital and risk, Credit

AI-based credit scores will soon give one billion people access to banking services

October 9, 2018

Via: Market Watch

You may not think the number of words in an email subject line says anything about you, but at least one company is betting that the metric can help determine your likelihood of paying back a loan. LenddoEFL, based in […]


Business banking, Products

Deutsche Bank upgrades Walmart to buy, citing growing online grocery business

October 9, 2018

Via: CNBC

Walmart’s online grocery business will thrive and compete well against Amazon, according to Deutsche Bank. The firm raised its rating to buy from hold for Walmart shares, predicting the retailer will report sales above expectations in its third quarter. “We […]


Capital and risk, Credit

BofA Agents $250MM DIP for American Tire Distributors

October 9, 2018

Via: ABF Journal

American Tire Distributor reached an agreement with a majority of its term loan holders to support its restructuring support agreement, which would reduce the company’s debt by approximately $1.1 billion and increase its financial flexibility as it continues its ongoing […]


Activity, Corporate banking

Good Economic News Continues to Roll In

October 8, 2018

Via: CNSNews.com

The good economic news continues to roll in. The Bureau of Labor Statistics on Friday released a positive September jobs report, with a gain of 134,000 jobs and the lowest unemployment rate in 50 years. These reflect a strong economy […]


Regulations

Danske Bank Faces U.S. Inquiry Over Money Laundering

October 5, 2018

Via: Banking Industry NY Times

COPENHAGEN — Danske Bank, which last month acknowledged failing to prevent suspected money laundering at its Estonian branch, has now drawn the attention of United States authorities. In a statement on its website, the Danish lender said it was cooperating […]


Activity, Trading

The stock market is trading at a record, but a look under the hood shows some troubling signs

October 4, 2018

Via: CNBC

Stocks may be trading at record highs, but the market looks far more fragile under the surface. Among the signals: More stocks declining than rising, a greater number of 52-week lows than highs, and a drop in small-cap stocks. Despite […]


Products, Retail banking

HSBC gives US customers single platform for business and personal banking

October 4, 2018

Via: Finextra

HSBC Fusion will offer a single point of access, whether in the branch, by phone or through digital banking services, where customers can manage both their personal and business finances. Users will be assigned one point-of-contact for both their business […]