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: 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.

McKinsey Settles With US DoJ Over Bankruptcy Disclosures

McKinsey & Co. agreed to pay $15 million to settle the U.S. Justice Department allegations that the consulting firm failed to make required disclosures of potential conflicts in three bankruptcy cases it has advised on in recent years.

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.

Bank of America Files Patent for Cryptocurrency Custody System

The Bank of America has filed a patent application with the U.S. Patent and Trademarks Office (USPTO) for a secure cryptocurrency custody. According to the patent document published last week by the USPTO Bank of America (BoA) proposes to a system that will allow enterprises safely store large amounts of cryptocurrency. Description of BoA’s Crypto Custody...

Deutsche Bank plans cuts in U.S. equities, prime unit: sources –...

Deutsche Bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with the matter told Reuters.

Crypto-focused Silvergate Bank Files For $50 Mln IPO

Silvergate Capital, the parent of Silvergate Bank with a focus on digital currency industry, filed for an initial public offering, aiming to raise up to $50 million.

Source: Berkshire Hills Bancorp Inc. has announced the acquisition of SI Financial Group Inc. (SIFI) and its subsidiary Savings Institute Bank and Trust Company,...

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...

Dropbox Announces Fiscal 2018 Third Quarter Results | Business Wire

Dropbox, Inc. (NASDAQ: DBX), a leading global collaboration platform, today announced financial results for its third fiscal quarter ended September 3