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Tag: banking


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 […]


Capital and Risk, Macroeconomic

Powell says Fed will never move rates because of political factors or to prove its independence

August 1, 2019

Via: CNBC Economy

Federal Reserve Chairman Jerome Powell said the central bank’s rate decision was not a result of political pressure. “We never take into account political considerations. There’s no place in our discussions for that. We also don’t conduct monetary policy in […]


Activity, Corporate Banking

Two new next-gen banks to open in the US

May 13, 2019

Via: Banking Technology

Piermont Bank is a “new generation” of commercial banking with a focus on helping clients build and grow business. The Piermont Bank’s team says that it aims to support privately-owned business, especially multi-generation family-owned enterprises. It says: “We appreciate, respect […]


Regulations

Strong Consumer Authentication – a project for the banks?

May 7, 2019

Via: Finextra

The Second Payments Services Directive (PSD2) is opening many doors for small companies in a bank-dominated industry. With the new rules some of the competences are transferred from the banks to the hands of the consumers. Consumers have the authority, […]