Pin it Piggy banks haven't changed much over time - you put the coins in and the vessel holds them until you're ready to take them out. A group of Danish Dads has created a new kind of bank, called Ernit, to reflect today's digital money. READ MORE »
This year has been dominated by many questions regarding China. During the first half of 2015 those questions had a very optimistic and uplifting tone mirroring the stock market surge to new highs. The second half turned out to be much more grim than anticipated as market capitalization plummeted and [...]
This has been a fun feud.
Not long ago, protecting a business against cybercrime meant just locking down employee identifications along with corporate banking and financial data. Now it’s not so simple. For today’s cybercriminals, nearly all forms of digital data are valuable—and vulnerable. Thieves steal everything from intellectual property and customers’ personal information to data about [...]
More than three months after it expired, House Democrats and Republican backers have united to revive the charter of the small federal agency that helps U.S. companies sell their products overseas, by underwriting financing to foreign...Show More Summary
U.S. investment banking giants Goldman Sachs and Morgan Stanley have seen considerable growth in the prime brokerage industry this year, with data compiled by research firm Preqin showing that their market share has increased from around 31% at the end of 2014 to roughly 37% now. Show More Summary
The coalition is teaming up to bypass opposition from the tea party and top GOP leaders, including Rep. Kevin McCarthy, the favorite to become the new speaker. In a rarely used congressional maneuver, supporters are gathering signatures on a "discharge petition" that would allow them to force a House vote on legislation.
Bernie Sanders: impassioned speaker, humble Vermonter, white-haired enemy of the banks. Skilled woodsman. Monogam-ish. Turns into a bear when he’s horny. Read more...
If yesterday's 3Y auction was solid across the board, then today's sale of $21 billion in 10Y was an all around show-stopper. With the high yield printing at 2.066%, the lowest since February, and down materially from September's 2.235% when pre-rate hike jitters eliminated some of the demand. Show More Summary
It is getting hard to get a mortgage, and that is weighing down the US economy. That is according to a Deutsche Bank note out Tuesday. "Mortgage standards tightened modestly in 1H15... off what we would consider already tight levels,"...Show More Summary
Over at the Milwaukee Sentinel, Tom Buffenbarger calls out General Electric for citing the end the Ex-Im bank as the reason for reallocating its Waukesha, Wisc. plant to Canada. Buffenbarger is the president of the International Association...Show More Summary
In response to numerous allegations of missing gold, stolen gold, gold filled with tungsten, rehypothecated gold, leased gold, etc., Germany's Central Bank has Listed All of Its Gold. In 2012 the Bundesbank found itself at the center...Show More Summary
Customers of U.K. bank Barclays will have to wait until early 2016 to use of Apple Pay on their iPhones, iPads, and Apple Watches, according to an email from the company's CEO of Personal and Corporate Banking.
David Karp/AP By Richard Leong NEW YORK -- Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released Wednesday. From...Show More Summary
Submitted by Pater Tenebrarum via Acting-Man.com, Even Bloomberg Notices that Something is Amiss As anyone who hasn’t been in a coma knows, assorted central bank interventions have failed to achieve their stated goals over the past several years. Show More Summary
When shelling out for access to services like Netflix and Hulu Plus, you’re not banking on being barred from access just because you take a trip out of the country. Getflix is a service to make sure that never happens, and right now you can get a lifetime subscription for just $39. By selectively routing […] (via Cult of Mac - Tech and culture through an Apple lens)
Israeli Prime Minister Benjamin Netanyahu canceled a trip to Germany as violence continued Wednesday in Israel and the West Bank, with attacks and clashes that injured both Palestinians and Israelis and left one Palestinian dead. In Kiryat Gat in southern Israel, a Palestinian stabbed a soldier...
This week the World Bank released new data on world poverty, and projects it to fall to a record low of 9.6 percent in 2015. The graph below shows the dramatic decline of global poverty over the past few decades. Using updated methodology, the World Bank recalculated poverty figures back to 1990. Show More Summary
When Apple Pay launched in the UK back in July, Barclays was a notable absentee. It didn't take long for the bank to change course, however, as took only a couple of hours for it to confirm that it would enable support for the NFC payment technology in the future. Show More Summary
While Apple Pay launched in the U.K. back in July with support from most big British banks, one notedly absent institution was Barclays. However, the bank is apparently preparing to support Apple Pay in the U.K. in the early part of 2016. Show More Summary