Getty Images Bank of America has been fined $76 billion since the mortgage crisis. Banks have been fined a staggering $243 billion since the financial crisis, in response to a tally launched Tuesday. Most of those fines have been assessed for deceptive buyers about the underlying high quality of the mortgages they packaged into […]
Blockchain software program startup R3, commerce finance tech supplier TradeIX and a gaggle of main banks have moved their Marco Polo commerce finance platform to the pilot stage. The information follows on from what the companies name in a press launch a “successful” proof-of-concept that commenced final September in partnership with BNP, Commerzbank and ING. […]
Featured General Manager of the Bank for International Settlements (BIS), Agustín Carstens, gave a speak at Goethe University in its House of Finance, Tuesday, 6 February in Frankfurt. Titled Money within the Digital Age: What Role for Central Banks?, the speak noticed Mr. Carstens acknowledge “We have seen a bit of a […]
(Reuters) – Morgan Stanley reported quarterly results on Thursday, rounding off an earnings season for giant U.S. banks marked by across-the-board hit to income from the U.S. tax overhaul. A snapshot of the six massive U.S. banks’ results: JPMorgan Chase & Co Adj. EPS (beat) – $1.76 vs est $1.69 Revenue (beat) – $25.45 bln […]
Businesses face clampdown over North Korea ties, however Beijing more likely to retaliate SOURCE: Oil & Gas – Read whole story here.
Authored by Huw van Steenis via The FT, How know-how disrupts the funds system provides policymakers pause for thought… Few points in central banking usually tend to provoke nervousness than the worry of dropping management of 1’s foreign money. The previous few days have offered one other good illustration of this level. On Monday the […]
Bankers in continental Europe are out-dressing their rivals in the U.S. and U.Okay. That is the not-so-shocking takeaway from a ballot of monetary professionals on their work gown codes by Emolument, a London-based salary-benchmarking website. In Italy and France, 42% and 24% of monetary professionals respectively stated they’re required to put on a jacket and […]
Regional banks fell as we speak, together with Treasury yields. SOURCE: Focus on Funds – Read complete story here.
With fiscal councils (or Independent Fiscal Institutions) now commonplace in superior economies, a pure query arises. Why are all these councils advisory, whereas independent central banks have management over financial coverage? For fiscal coverage we appear to have delegated recommendation , whereas for financial coverage we’ve delegated management. In this submit I need to give […]
Persistently low inflation, or “lowflation,” is vexing plenty of individuals. According to the current minutes of coverage conferences of the Federal Reserve and the European Central Bank, central banks on each side of the Atlantic have been making an attempt to determine the causes — however with restricted success thus far. This complicates financial coverage […]