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Tag: Featured


Activity, Business Banking, Products, Trading

Wall Street’s next trading innovation: Air-fare derivatives

January 23, 2020

Via: CNBC

European planemaker Airbus is working with Nasdaq to develop a derivatives-based trading platform that will allow airlines to protect against swings in ticket prices. Just like airline companies use oil futures to hedge against the volatility in fuel costs, they […]


Activity, Insurance

Ransomware Exposure Driving Up Cyber Insurance Costs

January 22, 2020

Via: Insurance Journal

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, […]


Activity, Investment Banking

Visa stock heads toward longest win streak in a decade, as analyst says it’s a smart bet on millennials

January 21, 2020

Via: Market Watch

Shares of Visa are on track to notch their longest win streak since 2009, with a potential ninth straight gain, as an analyst said the stock looks like a smart way to bet on millennial finance trends. The credit-card giant’s […]


Activity, Corporate Banking

JP Morgan announces new division to fund at least $100 billion in emerging market projects

January 21, 2020

Via: CNBC

J.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. The lender said it can finance more than $100 billion annually from its investment bank and created […]


Channels

Bank cyberattack could hit whole financial system – NY Fed research

January 20, 2020

Via: Finextra

The report models how a cyberattack on a single large bank, a group of smaller banks or a common service provider can be transmitted through the wholesale payments network. The researchers estimate that a hit on a big five bank […]


Capital and Risk, Credit

Credit scores in America just hit a record high — now for the bad news

January 15, 2020

Via: Market Watch

Americans’ credit scores continue to improve. But credit scores don’t tell the whole story of how consumers are faring financially. A new report from Experian EXPN, +1.46% found that the average FICO Score in the U.S. reached an all-time high […]


Activity, Investment Banking

Visa to buy fintech start-up Plaid for $5.3bn

January 14, 2020

Via: Banking Technology

Plaid, which calls itself the “plumbing” behind fintech, provides the application programme interfaces (APIs) which connect users’ bank accounts with third party providers (TPPs) such as Venmo, Square Cash and Robinhood. The size of the deal is roughly double the […]


Activity, Trading

Bank Earnings: One Big Takeaway from JPMorgan, Citi, Wells Fargo

January 14, 2020

Via: TheStreet

Analysts sometimes tout diversified banks that can move revenue exposure to businesses away from the yield curve. That thread of logic proved very valid Tuesday. Here were the earnings: JPMorgan reported revenue of $28.3 billion, beating estimates of $27.8 billion. […]


Activity, Investment Banking

General Electric Shares Get Deutsche Bank Bull Call Based on Sales Catalysts

January 13, 2020

Via: TheStreet

General Electric (GE) – Get Report is expected to beat fourth-quarter earnings expectations Deutsche Bank analysts said in a note. GE shares at last check were 1.1% higher at $11.80 in Monday trading. They’d fallen more than 2% Friday. Deutsche […]


Capital and Risk, Macroeconomic

Happy New Year! The U.S. economy has entered 2020 ‘with a little more zip’

January 13, 2020

Via: Market Watch

As long as Americans keep spending, the economy is all but certain to sidestep a recession in 2020 for a record 11th straight year. The crucial question is, can they? And the answer seems to be, quite clearly, yes. What’s […]