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Tag: finance


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 […]


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 […]


Activity, Trading

The Most Important Number in Finance Is Going Away. Wall St. Isn’t Prepared.

July 19, 2018

Via: The New York Times

In the world of finance, there is one number that arguably matters more than any other. You can find it in the small print on adjustable-rate mortgages and private student loans, it is the basis for enormous corporate loans, and […]


Capital and risk, Macroeconomic, Regulations

Moody’s sees government shutdown as a threat to the US economy, but not its credit rating

January 22, 2018

Via: CNBC

The U.S. government shutdown that began on Saturday is disruptive to the economy, but poses no immediate threat to its top-notch Aaa rating as long as it makes its debt payments on time, Moody’s Investors Service said on Monday. The […]


Capital and risk, Macroeconomic

As Economy Strengthens, Fed Ponders New Approach

January 9, 2018

Via: The New York Times

WASHINGTON — In the wake of a deep economic crisis and a disappointingly slow recovery, a growing number of experts, including some Federal Reserve officials, say it is time for the Fed to consider a new approach to managing the […]


Activity, Trading

Why Monday is a ‘big day for bulls’—and could suggest gains of nearly 20% in 2018

January 8, 2018

Via: Market Watch

The U.S. stock market has been strong in the few trading sessions of 2018, with major indexes rising in each of the four days of the year thus far, and hitting multiple records along the day. The gains have been […]