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.

Visa Launches ePayments Processing in Argentina

Visa has launched a new ePayment processing system called VisaNet in Argentina, the company announced on Tuesday (Jan. 29). The company said the new service will bring new ways to pay and new services to Argentinian cardholders, shopkeepers and banking institutions. The launch will increase Visa’s slice of the domestic transaction pie in the region...

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

Jupiter Fund Management Names Wayne Mepham CFO, Effective Sept. 2 –...

Jupiter Fund Management Plc. (JUP.L) announced Tuesday the appointment of Wayne Mepham as Chief Financial Officer with effect from September 2, subject to customary regulatory approvals.

Sterling Bancorp Enters Definitive Agreement to Acquire $504 Million in Commercial...

Source: globenewswire.com Sterling Bancorp signed a definitive agreement to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank in an all-cash transaction....

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...

Brookfield to Acquire 62% of Oaktree Capital Management – Brookfield Asset...

Together, Brookfield and Oaktree will provide global investors with one of the most comprehensive offerings of alternative investment products available in the marketplace todayHoward Marks, Bruce Karsh, and other members of Oaktree Capital Group Holdings, L.P. will own 38% and retain operating control of Oaktree

US mortgage rates jump to highest level in nearly 8 years

U.S. mortgage rates jumped this week to the highest level in almost eight years, a trend that is pulling down home sales and slowing home price growth. Mortgage buyer Freddie Mac said Thursday that the average rate on a 30-year, fixed rate mortgage rose to 4.94 percent, from 4.8

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.

Apple beats on Q4 earnings thanks to price hikes, stock still...

Despite a beat on its Q4 quarterly earnings, Apple shares still managed to take a beating Thursday. Shares are down 7 percent in after-hours trading after the company released its Q4 quarterly earnings report, detailing $62.90 billion in revenue beating analyst expectations of $61.57 billion, with …