Top

Tag: banking


Channels

Former Morgan Stanley developers unveil new cryptocurrency exchange

December 5, 2019

Via: Banking Technology

Phemex aims to execute trades in less than a millisecond for both its retail and institutional investors. Billing itself as “the most trustworthy cryptocurrency derivatives trading platform”, Phemex offers Bitcoin, Ethereum, Ripple, Litecoin, and EOS. It plans to support traditional […]


Activity, Corporate Banking, Insurance

Only 2% of the Equifax data breach victims have signed up for free credit monitoring so far

November 1, 2019

Via: Market Watch financial

Months after class-action attorneys and regulators unveiled a $700 million dollar settlement with Equifax for a massive data breach affecting 147 million people, new court papers say approximately 3 million consumers have chosen the deal’s free credit monitoring services. The […]


Activity, Investment Banking, Trading

Market Extra: Can the stock market march higher without the promise of more Fed cuts?

October 30, 2019

Via: Market Watch financial

Large-capitalization U.S. stocks have hit a new high this week, and significant credit for this feat can be given to the Federal Reserve. Since the Fed instituted its first interest rate cut at the end of July, the S&P 500 […]


Regulations

Deutsche Bank to focus on Germany for job cutting scheme

October 10, 2019

Via: Banking Technology

The lender is relying on savings at retail units to lower its annual costs. It employs 41,700 people in Germany, out of a total of 91,700. Deutsche Bank announced that it would be cutting 18,000 jobs in July, a key […]


Activity, Investment Banking

Bank Stock Roundup: Fed Cuts Rate, JPMorgan, U.S. Bancorp & Wells Fargo in Focus

September 20, 2019

Via: Yahoo

The Federal Reserve’s chairman Jerome Powell announced the second rate cut of 2019, by 25 basis points (bps), at the end of the two-day Federal Open Market Committee (FOMC) meeting this Wednesday. Global economic growth and trade-war related uncertainties leading […]


Activity, Investment Banking

China trade fight seen dragging on through 2020 in threat to economy, Trump reelection

August 7, 2019

Via: Market Watch financial

The White House’s escalating trade fight with China is increasingly likely to drag on through the 2020 election, handicapping the U.S. economy and potentially endangering President Trump’s re-election. Strategists and economists say the U.S. and China appear further away than […]


Capital and Risk, Macroeconomic

Trump is risking his reelection with the trade war, says Strategas analyst Clifton

August 6, 2019

Via: CNBC Finance

President Donald Trump’s trade war is slamming the stock market and risks damaging the global economy, as well as his own reelection chances, according to Strategas head of policy research Daniel Clifton. “Trump is trading away his reelection,” said Clifton. […]


Capital and Risk, Operational

China’s exit from US agriculture is a devastating blow to an already struggling sector

August 6, 2019

Via: CNBC Finance

Agriculture has been a weapon of choice in the escalating trade war between the world’s two largest economies. With China officially pulling out of buying U.S. agricultural products, American farmers are losing one of their biggest customers. It could be […]


Capital and Risk, Operational

Are You Falling for Banking Industry Myths?

August 5, 2019

Via: Finextra headlines

The banking industry is changing by the day. What once were definitive “table stakes” for the essential software needed to run a full-service bank are now blurring due to rapidly evolving market dynamics. In this environment it can become difficult […]


Capital and Risk, Macroeconomic

The global economy hasn’t been this confusing in at least three decades

August 2, 2019

Via: CNBC Finance

What will happen next with the global economy and how governments will respond is troubling Wall Street as investors and economists chase a moving target of trade wars and monetary policy shifts. An index designed to measure policy-related uncertainty around […]