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Finance

The WeWork fiasco might cost SoftBank a $2.8 billion loan from Japan's biggest banks - Business Insider

There's "a definite change in mood" towards SoftBank since the WeWork debacle.

2019-11-22

Facebook's Libra launch was 'ridiculously stupid,' blockchain boss says - Business Insider

"The way they rolled it out ... it was just so in your face," R3's CEO David Rutter said at a recent conference.

2019-11-21

UBS US wealth management tracking to triple adviser recruits: memo - Business Insider

The memo detailed 10 financial adviser recruits managing a total of around $1.6 billion from rivals including Wells Fargo and Merrill Lynch.

2019-11-19
I'm a senior banker at Deutsche Bank. Here's why I'm worried about its bond business. - Business Insider

I'm a senior banker at Deutsche Bank. Here's why I'm worried about its bond business. - Business Insider

Is Deutsche Bank's poor FIC performance transitory? Or is the division teetering as other European banks start to eat its lunch?

2019-11-09

HSBC sinking after bank reports 24 percent decline in profits - Business Insider

The bank announced it would be remodelling large parts of the company as it abandoned its main financial target.

2019-10-28

Bank of America equities org chart

Tom Montag's top dog in equities: Fabrizio Gallo, a long-tenured executive who holds sway over the division.

2019-09-26

Family offices expect a recession next year — and many are hoarding cash to prepare

A UBS survey found that 55% of family offices said a global recession will come in 2020, while 45% are realigning their investment strategies.

2019-09-24

Apple Card is now offering 3% rewards on purchases made at Walgreens

Apple Card will now give customers who use Apple Pay 3% rewards on purchases made at Walgreens – marking the tech giant's second retailer partnership.

2019-09-16

Jack Dorsey's Square is reportedly testing a free stock-trading service that would rival Robinhood

The Twitter CEO's fintech company, which owns Cash App, is squaring up to the no-fee online trading platform.

2019-09-13

China has piled up nearly 100 tons of gold reserves to help buffer against the blows of Trump's trade war

Gold's rise is a major sign that investors are worried about the state of the economy.

2019-09-09

PNC created an internal startup to run a mobile bank account for gig economy workers

PNC created an internal startup, dubbed numo, which will initially run indi, a mobile bank account for gig economy workers.

2019-09-03

Wealth-management executives list memorable requests from rich clients

We heard stories about finding a classically trained personal butler, locating a qualified cowboy, and teaching client kids about the family's wealth.

2019-08-27

Bakkt secures regulatory approval to roll out Bitcoin futures

Bakkt will be the first to offer physical Bitcoin futures – opening the door for a flurry of institutional investments in cryptos.

2019-08-20

TD Ameritrade CEO Tim Hockey, E*Trade CEO shakeups weeks apart

E*Trade said CEO Karl Roessner would immediately be replaced, while TD Ameritrade said last month CEO Tim Hockey is stepping down.

2019-08-16

TD Ameritrade CEO Tim Hockey, E-Trade CEO shakeups weeks apart

E-Trade said CEO Karl Roessner would immediately be replaced, while TD Ameritrade said last month CEO Tim Hockey was stepping down.

2019-08-16

The Accounts Payable Automation Report - Business Insider Intelligence

This report breaks down analog and digital processes at all three stages of an accounts payable transaction, evaluating barriers toward digitization.

2019-08-13

The future of retail, mobile, online & digital-only banking technology

Banks around the world are taking advantage of new technologies to streamline their operations and give their users a better experience. Here is what the future of banking holds.

2019-08-09

Bottomline's new suite of commercial banking solutions includes AI and open bankings APIs

Bottomline Technologies is using artificial intelligence and machine learning to provide banks with an in-depth analysis of customer relationships.

2019-08-09

AMG is offloading its majority stake in struggling hedge fund BlueMountain for $91 million

$18.5 billion BlueMountain Capital has struggled performance-wise this year, and has cut different strategies to make itself more profitable.

2019-08-08

The Fed's new real-time payments service could help small banks but hurt big ones

FedNow might be received by smaller community banks will, but it will put the Federal Reserve at odds with some of the biggest banks in the world

2019-08-07
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