A year after launching, Samsung Pay makes a big expansion to new countries and platforms. After growing its base of compatible banks and credit unions to over 500, Samsung is now targeting an expansion of Samsung Pay starting with the addition of Malaysia, Russia and Thailand — bringing the service to 10 countries in total. Show More Summary
Nomi Prins, former Wall Street banker, gives an exclusive RT interview discussing the latest fall out from Deutsche Bank. Here's her take on breaking up the big banks and more... The post Nomi Prins: Deutsche Bank in the Dumps was originally published at The Wall Street Examiner. Follow the money!
Monday was a big day for dealmakers, and bankers across the Street are sure to be celebrating. Citigroup advised on a number of deals Monday and throughout the past week. To congratulate the team there, Citi's global head of corporate...Show More Summary
Venmo and others are putting pressure on big banks to replicate their service offerings. But can banks overcome the late mover disadvantage?
A consortium of banks, including Wells Fargo & Co., JPMorgan Chase & Co. and Bank of America Corp., are rolling out a new money-transfer app to take on Venmo and other mobile payment upstarts. The app, dubbed Zelle, will offer the same kind of instant, person-to-person payments users of Venmo have...
SAN FRANCISCO — Blockchain technology took a big step forward on Monday when Wells Fargo & Co. and the Commonwealth Bank of Australia engaged in the first cross-border transaction between banks using blockchain applications. WorkingShow More Summary
There is something odd about adding yet another legal entity to the already complex corporate structure of banks.
Post by Meredith Gordon. The term "don't spend it all in one place" doesn't seem to apply when you're the biggest social media star in the world. Kim Kardashian is banking some serious cash, but the girl loves to spend it as fast as she rakes it in. Show More Summary
This article was originally published by International Business Times. There is a contradiction at the heart of the payments industry. While the government and regulators have been driving hard to open up competition and access intoShow More Summary
Major US banking groups Monday announced they would join forces for a new person-to-person mobile payment application to counter services like PayPal's Venmo and Square Cash.
The nation's biggest banks, including JPMorgan Chase & Co., Wells Fargo & Co., and Bank of America Corp., are rolling out a new money-transfer app called Zelle to take on Venmo and other mobile payment upstarts. A consortium of 23 financial institutions previewed Zelle, which will be available...
By Wenonah Hauter / YES! Magazine In addition to advising on all three mega-mergers, Credit Suisse is playing a big role behind the scenes of the Dakota Access pipeline.
One bit of economic reasoning says, "If there are no consequences, people will make bad choices." Don't let big banks get bailouts, because if we do, bankers will take bigger risks. So, make sure that the dentist is expensive (and...
GUEST: The financial services sector is bracing itself for an unprecedented period of disruption. Innovations such as smartphones, big data analytics, and the blockchain technology that underpins Bitcoin, are forcing banks, insurers, and Wall Street firms to adapt to an unpredictable future where some of the old rules no longer apply. We’ve seen this before – just […]
Wall Street is hoping the presidential election will cause a big push for fiscal stimulus.
There will be "big, bad outcomes" if the European Central Bank prematurely reduces its bond-buying program designed to support the economy, according to Bridgewater Associates founder Ray Dalio and his colleagues. Dalio and his colleagues...Show More Summary
Banks and startups are coming together in nontraditional ways to develop better products faster. Banks and startups are coming together in nontraditional ways to develop better products faster. Banks and other financial institutions are taking on some surprising partners in an effort to keep pace with innovation. Read Full Story
These three charts tell the tale of the US housing market: Source: Deutsche Bank Torsten Slok The post Demographics & Housing appeared first on The Big Picture.
Why are US consumers defaulting? That's the question in a big note out from Matthew Mish and Stephen Caprio at UBS, which uses evidence from the bank's proprietary US Housing Intentions Survey to try and get at an answer. According to their research, 65%, 36% and 22% of lower, middle, and higher income cohorts are "stressed" in finance speak. Show More Summary