Financials

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...

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 & 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 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.

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 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.

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

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