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Tag: finance


News

Credit Suisse warns of $1.6B Q4 loss

November 23, 2022

Via: Banking Dive

Although the outflows have been “reduced substantially from the elevated levels of the first two weeks of October 2022,” they have yet to reverse, Credit Suisse said Wednesday. The pace of withdrawals pushed the bank’s liquidity below some local-level requirements, […]


News

Global Times: Financial Street Forum, a bellwether of China’s financial reform, highlights robustness, openness

November 22, 2022

Via: PR Newswire

China’s vibrant financial sector, a solid underpinning of the economic prowess and a crucial part of the country’s reform and opening-up, is set to anchor the world’s second-largest economy toward higher-quality growth and amplify its role as a stabilizer of […]


News

Demand for credit cards climbed this year

November 22, 2022

Via: Payments Dive

The last time the 12-month consumer application rate for credit cards was higher than in June of this year was in June 2019 when it reached 28.4%, according to the Fed’s data. In a slightly different measure of the credit […]


Capital and Risk, Trading

Bitcoin holds $15,800, Dollar is trading strong

November 21, 2022

Via: TechBullion

Last week, we saw the consolidation of the Dollar and not much price action in any assets. Towards the end of Friday, there was a bullish move in the asset and we saw a selloff in Gold due to this. […]


Capital and Risk, Liquidity

Gold Price Forecast: XAU/USD Extends Drawback Ahead of FOMC

November 21, 2022

Via: DailyFX

Gold is tracking lower this morning on the back of a stronger USD stemming from the build up of relatively hawkish comments from Fed speakers. Although some reiterated the moderation of interest rate hikes going forward, the expectation remains aggressive […]


Capital and Risk, Credit, Regulations

CFPB Focuses on Junk Fees, Credit Reporting, and COVID-19 Relief Funds in Latest Supervisory Highlights

November 18, 2022

Via: JD Supra

On November 16, the Consumer Financial Protection Bureau (CFPB) released a new Supervisory Highlights report, focusing on the auto servicing industry, consumer reporting, mortgage servicing, and COVID-19 relief funds. The report highlights the CFPB’s continued focus on so-called junk fees […]


News

JPMorgan Chase bumps up parental leave to 16 weeks

November 18, 2022

Via: Banking Dive

JPMorgan Chase broadened its parental leave policy Thursday. The bank, starting Jan. 1, will give 16 weeks of time off to either parent for the birth or adoption of a child, regardless of whom is the primary caregiver, according to […]


Capital and Risk, Insurance

Florida Citizens Expects 5,000 claims and $63 Million in Losses from Nicole

November 17, 2022

Via: Insurance Journal

Citizens Property Insurance Corp. has released its first estimate on losses from Hurricane Nicole, a category 1 storm that hit Florida’s east coast Nov. 10. Modeled losses plus loss adjustment expenses – but not including anticipated litigation costs – will […]


Capital and Risk, Liquidity

EUR/USD Latest: EURUSD Resilient Ahead of Inflation Print, NATO Meeting

November 16, 2022

Via: DailyFX

EUR/USD has shown great resilience to trade higher this morning despite yesterday’s unease following reports of a missile landing in Poland. Comments from Joe Biden suggest that based on the trajectory, it is unlikely the missile was fired by Russia. […]


Activity, Corporate Banking

Berkshire Hathaway Just Cut Its Stake in This Longtime Holding by More Than Half

November 16, 2022

Via: Yahoo

In a filing last week, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), the massive conglomerate run by legendary investor Warren Buffett, reported that it had significantly trimmed its position in large regional lender U.S. Bancorp (NYSE: USB). Berkshire and Buffett first purchased […]


Capital and Risk, Macroeconomic

KY State Treasurer: ESG Investing ‘Puts Our Pensions at Risk’ and ‘Harms Our Economy in Kentucky’

November 15, 2022

Via: CNSNews.com

“Elections matter” and Americans should strive to “elect people that are representing the interest of pensions,” said Kentucky State Treasurer Allison Ball on Monday in Washington, D.C. She also sharply criticized ESG investing and explained that many voters are unaware […]


Capital and Risk, Operational

4 Keys Banks Need to Unlock Value From Artificial Intelligence

November 15, 2022

Via: Bank Director

Banks of all sizes are tuning up their technology to better compete for customer loyalty by focusing on areas involving consumer interactions. But bank leaders need to understand that artificial intelligence, or AI, alone can’t revolutionize the customer experience. In […]


Activity, Corporate Banking

Legacy Specialist Enstar Completes Loss Portfolio Transfer With Argo Group

November 14, 2022

Via: Insurance Journal

Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, announced that one of its wholly owned subsidiaries has closed its loss portfolio transfer transaction with specialty insurance underwriter Argo Group International Holdings Ltd. to reinsure a number of its direct U.S. […]


News

2023 Bank M&A Survey Results: Can Buyers and Sellers Come to Terms?

November 14, 2022

Via: Bank Director

Year after year, Bank Director’s annual M&A surveys find a wide disparity between the executives and board members who want to acquire a bank and those willing to sell one. That divide appears to have widened in 2022, with the […]


News

U.S. Bank Climbs to No. 7 on Military Times ‘Best for Vets’ Employer List

November 11, 2022

Via: Yahoo

Military Times named U.S. Bank number No. 7 on its annual Best for Vets: Employers list, which ranks the best employers for veterans in the United States. The rankings are based on factors including recruitment, retention, advancement and family support. […]


Regulations

DFSA fines Bank of Singapore $1.1m citing inadequate AML controls

November 11, 2022

Via: FinTech Futures

The DFSA claims it found deficiencies in the bank’s AML business risk assessments, client risk assessments, customer due diligence practices, suspicious activity reporting and identification of clients’ sources of funds. The regulatory authority says it also found that the bank […]


News

Binance nixes mooted FTX acquisition deal

November 10, 2022

Via: FinTech Futures

Announcing the news on Twitter, Binance, the world’s largest crypto exchange, says: “As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we […]


Capital and Risk, Liquidity

USD Forecast: DXY Prepares for U.S. CPI, 110 Support Handle in Focus

November 10, 2022

Via: DailyFX

USD FUNDAMENTAL BACKDROP The Dollar Index (DXY) has been relatively subdued thus far this week as markets prepare for U.S. inflation later today. While the ongoing midterm elections were thought to provide a ‘red’ sweep by Republicans, this has not […]


Capital and Risk, Trading

A Guide to Trading Psychology

November 9, 2022

Via: DailyFX

WHAT IS TRADING PSYCHOLOGY? Trading psychology is a broad term that includes all the emotions and feelings that a typical trader will encounter when trading. Some of these emotions are helpful and should be embraced while others like fear, greed, […]


Capital and Risk, Regulations, Trading

How Central Banks Impact the Forex Market

November 9, 2022

Via: DailyFX

Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary they will intervene in financial markets in line with […]