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Tag: economy


Business banking, Capital and risk, Credit, Products, Regulations, Retail banking

Wells Fargo CEO Sloan Must Go, Senator Warren Tells Fed Chairman

October 18, 2018

Via: TheStreet banks

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]


Capital and risk, Channels, Operational

Refinitiv expands cloud delivery of financial data via AWS

October 17, 2018

Via: Finextra headlines

Refinitiv, formerly the Financial and Risk business of Thomson Reuters, announced today that its Elektron real-time data delivery using Amazon Web Services (AWS) is being expanded to meet high demand from clients across the globe. To ensure continued excellence and […]


Activity, Trading

Trump’s North American Trade Triumph

October 16, 2018

Via: CNSNews.com

For those on the left and right who were certain that President Donald Trump’s presidency meant the end of global free trade … think again. Though Trump’s critics have dismissed the significance of the new Mexico and Canada trade deal, […]


Business banking, Products

How Financial Institutions Can Put Risk Management Back in the Driver’s Seat

October 15, 2018

Via: Strategy Business

In the years leading up to the global financial crisis a decade ago, risk was viewed at many financial institutions in a very different way than it is today. The financial system was like a highway on which different vehicles […]


Capital and risk, Macroeconomic

Investor Barry Sternlicht worries about a recession signal and an economy not as strong as it appears

October 11, 2018

Via: CNBC

Barry Sternlicht, CEO of global investment group Starwood Capital, told CNBC there are a number of negative factors that are contributing to his unease about the state of U.S. economy. “The economy’s not quite as strong as the number indicated,” […]


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 […]


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 […]


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 […]


Capital and risk, Macroeconomic

Billionaire Ken Langone: ‘This economy is booming,’ and Trump deserves a lot of credit for it

September 20, 2018

Via: CNBC

President Donald Trump’s economic agenda is fueling a resurgence in the economy that cannot be denied, billionaire businessman and philanthropist Ken Langone told CNBC on Thursday. “This economy is booming,” said Langone, a longtime supporter of GOP candidates who was […]