Societe Generale Reportedly Considers Thousands Of Job Cuts At Investment Bank
Societe Generale SA (SCGLF.PK, SCGLY.PK) is considering to cut jobs at its investment bank and find a partner for its cash-equity business in a bid to offset increasing cost pressure from regulation, Bloomberg reported citing people familiar with the matter.
Robinhood Crypto coming to New York after firm nabs coveted BitLicense
Robinhood, the California-based broker, now has the green light from regulators in New York to open up shop in the state, the firm said Thursday. The company announced that the New York Department of Financial Services granted Robinhood the so-called BitLicense, which is only held by a handful of crypto companies including Genesis Trading and...
J.P. Morgan to launch a U.S. dollar-backed cryptocurrency
JPM Coin, the first of its kind from a major bank, will initially be used to transfer funds over a blockchain network internally and between internationally between institutional clients.
Fed Leaves Rates Unchanged, Drops Reference To Gradual Rate Hikes
After raising interest rates by a quarter point last month, the Federal Reserve announced its widely expected decision to leave interest rates unchanged on Wednesday.
$9 trillion corporate debt bomb is ‘bubbling’ in the US economy
At first glance, it looks like a $9 trillion time bomb is ready to detonate, a corporate debt load that has escalated thanks to easy borrowing terms and a seemingly endless thirst from investors. On Wall Street, though, hopes are fairly high that it's a manageable problem, at least for the next year or two.
New York Digital Investment Group Granted BitLicense
New York's Department of Financial Services (DFS) has granted a BitLicense to the New York Digital Investment Group (NYDIG), allowing it to offer crypto-related services in the state.
Bank of America Accelerates Financial Center Expansion and Modernization Efforts |...
Bank of America continues to make significant investments to modernize more than half of its financial centers nationwide, along with its entire ATM n
FIS and Worldpay to Combine to Accelerate the Future of Finance...
FIS™ (NYSE:FIS), a global leader in financial services technology, and Worldpay, Inc. (NYSE:WP; LSE:WPY), a global leader in eCommerce and payments, a
US credit demand declines, rejection rates rise: NY Fed survey
Americans' demand for credit declined over the previous year as expected, as mortgage interest rates rose, while the percentage of approve
Source: www.channelnewsasia.com
U.S. demand for...
US long-term mortgage rates down; 30-year average at 4.14%
U.S. long-term mortgage rates fell this week after four weeks of increases, giving a boost to prospective home buyers during the spring sales season.
