Most established companies in the insurance industry have been slow to adopt digital tools and business models, relative to other industries, such as retail, media, travel and retail banking. Meanwhile, a growing number of tech-oriented start-ups and young firms continue to chip away at insurance markets. In some countries, digital usage [...]
European banks, which have been under pressure for some time saw accelerated declines in their stock prices recently, but possibly even more important, at least for global markets, is the sudden pressure on credit spreads. Euro Stoxx Bank Index Since August 2015 (Bloomberg) European banks first got hit in August last year [...]
Ten days ago, when Deutsche Bank stock was about 10% higher, the biggest German commercial bank declared war on Mario Draghi, as we put it, warning him that any further easing by the ECB would only push stocks (with an emphasis on DB stock which has gotten pummeled over the past few months) lower. Show More Summary
In our latest Masters in Business podcast, we speak with Bank america Merrill Lynch’s co-head of global economic research, Ethan Harris. Harris is a history buff, as well as an expert on interest rates and monetary policy. He began his career as a researcher at the NY Fed, eventually rising to chief economist at Lehman Brothers. Show More Summary
Not sure where to go out for dinner this Valentines Day? Here's some food for thought. You don't need to spend a fortune to get your aphrodisiacs and steak or lobster isn't going to break the bank. Check out this list of 11 places in Shanghai doing dinner for less than 700 RMB per couple. [ more › ]
he U.S. Federal Reserve is squeezing a good deal of the profit out of mortgage bond trading, and Wall Street banks are increasingly heading for the exits. The post Wall Street Pulls Back From Mortgage Market That Fed Made Boring (Regulation Didn’t Help Either) was originally published at The Wall Street Examiner. Follow the money!
A career in finance used to mean going straight into an investment bank from university. But tougher regulations, lower pay, and a work culture of long hours are making that a less attractive prospect. If a career in a bank doesn't sound...Show More Summary
Blockchain database technology, which underpins digital cryptocurrencies such as Bitcoin, has got finance industry executives very excited. But they may have to cool their jets according to consultant Oliver Wyman and post-trade service...Show More Summary
It’s a brisk morning, early January, in suburban Valencia for the rendezvous. The raceway’s garages were shut. The track, silent -- the flanked banks of cold concrete seats, empty. But there was a flicker of activity on the approach....Show More Summary
The kids who are starring in "Fuller House" are making around 10 times what the Olsen twins banked when they first starred in "Full House." Mary-Kate and Ashley each scored $1,650 per episode when the show debuted in 1987. The…
TeleSur | – – The inauguration comes weeks after Brazil rejected Israel’s ambassador, a former leader of West Bank settlers. The Palestinian Authority inaugurated its first embassy in the Western Hemisphere in…
Mrs. Clinton said she would “look into” the possibility of releasing transcripts of her paid remarks to banking, corporate and financial services companies like Goldman Sachs. But by Friday morning, it did not appear that much looking was underway.
After beating Stan Lee Media in court several times, Disney is now suing the defunct company for nearly $500,000 in unpaid legal fees.
Chris Latham, the Charleston, South Carolina bank exec who arranged the murder of his wife, along with his side lover, Wendy Moore, will be the subject of the upcoming Forbidden: Dying For Love on Investigation Discovery. In tonight’s...Show More Summary
A private service used to screen customers and clients is blacklisting thousands of people as terrorists. A private service that banks, employers, and government agencies use to screen customers and clients is blacklisting thousandsShow More Summary
Zika virus continues to make headlines as health officials alert the public about potential risks of spreading the virus through blood donations. This week, the American Association of Blood Banks (AABB) issued protective measures to blood collection facilities, including the Mayo Clinic Blood Donor Center, requesting self-deferral from donation until 28 days after travel to […]
Why European Banks Keep Getting Clobbered; Jessica Alba's ecommerce firm working on IPO; Pharma-Bro Martin Shkreli Is Still on OKCupid, Now With a Snarkier Profile; and more.
The percent of banks tightening on loans to small businesses leads nonfarm payrolls by about 6 months. In the chart above we’ve advanced the percent of banks tightening forward by that amount to show the extremely high correlation between these two indicators overtime...
In the 18 months before launching her second presidential bid, Clinton gave nearly 100 paid speeches at banks, trade associations, charitable groups and private corporations. The appearances netted her $21.7 million — and voters very...Show More Summary
In December of 2015 the then governor of the Central Bank of Trinidad and Tobago made a not so startling announcement. Trinidad and Tobago had suffered its fourth quarter of negative growth and was now officially in a recession. I say...Show More Summary