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Tag: Featured


Activity, Corporate Banking

Goldman is bringing traders back to offices in New York and London in the ‘next several weeks’

May 27, 2020

Via: CNBC

Wall Street is heading back to work. Goldman Sachs is planning on having some of its traders and other markets personnel return to offices in the U.S. and London in the next few weeks, executive John Waldron said Wednesday in […]


Channels

Coronavirus crisis mobile banking surge is a shift that’s likely to stick

May 27, 2020

Via: CNBC

Digital banking isn’t new, but with the coronavirus pandemic, young and old Americans suddenly flocked to online and mobile banking en masse. The sudden uptick in online and mobile traffic even created outages. Among those affected: online platforms for U.S. […]


Capital and Risk, Macroeconomic

Consumer confidence rises unexpectedly in May as economy reopens

May 26, 2020

Via: CNBC

Consumer confidence unexpectedly improved in May as the U.S. economy slowly restarted, according to data released Tuesday by the Conference Board. The Conference Board’s consumer confidence index rose to 86.6 this month from 85.7 in April. Economists polled by Dow […]


Activity, Investment Banking

Stock and bond prices say something troubling about the coronavirus economy

May 20, 2020

Via: Market Watch

U.S. stocks have rallied sharply since the March tumble, while bond yields are deeply depressed, hovering near all-time lows, but, in a recent analysis, Peter Berezin, chief global strategist for BCA Research, lays out a straightforward — if bleak — […]


Activity, Insurance

How Coronavirus Has Affected Auto Insurance Shopping

May 19, 2020

Via: Insurance Journal

This year began with auto insurance buyers shopping around more than ever but by mid-March shopping began to slow down before returning to normal a few weeks later. According to the data firm LexisNexis, shopping has closely mirrored other pandemic […]


Activity, Corporate Banking

Banks investigate sales push linked to corporate loans

May 19, 2020

Via: Banking Technology

The Financial Times reports that lenders including Barclays, Deutsche Bank, HSBC and Santander are conducting internal reviews to find out whether any of their investment bankers tried to link emergency financing to more lucrative services, according to people familiar with […]


Activity, Investment Banking

Goldman eyes up merger with Wells Fargo, PNC & US Bancorp on its shortlist

May 18, 2020

Via: Banking Technology

The development was first revealed in a tweet by the publication’s senior correspondent, Charles Gasparino, saying that sources told him Goldman Sachs’ “weakening biz model” would “force a merger.” The report highlights that the need for Goldman to grow, particularly […]


Capital and Risk, Liquidity

Treasury yields rise as global stock markets rally

May 18, 2020

Via: Market Watch

U.S. Treasury yields rose Monday, following global equity markets higher, after Federal Reserve Chairman Jerome Powell said the central bank still had tools to fight the recession. Reports of early success from an experimental coronavirus vaccine also added to selling […]


Capital and Risk, Liquidity

Powell says the Federal Reserve is not considering negative interest rates

May 13, 2020

Via: CNBC

Even as it has pulled out all the policy stops during the coronavirus crisis, Federal Reserve Chairman Jerome Powell said one area it won’t be going is negative interest rates. “I know there are fans of the policy, but for […]


Activity, Business Banking, Corporate Banking, Products

JPMorgan is first US bank to serve crypto exchanges as banking clients

May 13, 2020

Via: Banking Technology

It’s the first time the US banking giant has taken on crypto clients. The exchanges were approved in April as customers under the bank’s corporate and investment division, and are now starting to process transactions through the bank, per the […]