Month: February 2017

Banking News – JPMorgan’s Erdoes casts doubt on robo advisers
&nbspMary Erdoes says customers will want human interaction once markets become tougher
FT.com – Banks – http://www.ft.com/cms/s/0/2cfc2524-fe0b-11e6-96f8-3700c5664d30.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – ‘Biblical’ ETFs cast out LGBT-at the bottom of companies
&nbspNew NYSE-listed funds buck liberal trend in embattled investing
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/7dad0cee-fdf3-11e6-8d8e-a5e3738f9ae4.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Stock pickers get ahead in battle of the benchmarks
&nbspDow Jones Manufacturing Average’s 12-day winning streak comes to an end
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/49b76f4c-fdd5-11e6-96f8-3700c5664d30.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Sir Philip, Mr Precedent
&nbspBHS scheme makes a drawing for any failing affair not keen to hold on to its pension
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/3a230308-fdb6-11e6-96f8-3700c5664d30.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Barclays seeks to allay pension fears on dividends
&nbspBank says retirement costs have been taken into account and will not hit payouts
FT.com – Banks – http://www.ft.com/cms/s/0/384a179e-fddc-11e6-96f8-3700c5664d30.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – US valve probes banks over appeal rate risks
&nbspSome lenders could find themselves in vulnerable spot after increases, FDIC warns
FT.com – Banks – http://www.ft.com/cms/s/0/6ff9d90c-fdd4-11e6-8d8e-a5e3738f9ae4.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Virgin Money looks to enter SME market
&nbspUK rival bank eyes go as profits surge on finance and credit card lending
FT.com – Banks – http://www.ft.com/cms/s/0/ef24d880-fd89-11e6-8d8e-a5e3738f9ae4.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Energy switch brake dents Moneysupermarket
&nbspComparison site’s indemnity revenues likely to benefit as motor cover prices rise
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/76dead10-fdc5-11e6-8d8e-a5e3738f9ae4.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – What the BHS agreement means for former employees
&nbspMore than 19,000 people given chance to receive better refund than under lifeboat fund
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/5509b8fc-fdc4-11e6-8d8e-a5e3738f9ae4.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – JPMorgan calls for easing of bank parameter
&nbspMarianne Lake says time ‘feels right’ to relax rules
FT.com – Banks – http://www.ft.com/cms/s/0/441be482-fdcb-11e6-8d8e-a5e3738f9ae4.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Give all creditworthy borrowers finance loans, in any case of race
&nbspBiased housing finance practices spread the wealth gap between whites and communities of color.
Union Banking – http://www.americanbanker.com/opinion/give-all-creditworthy-borrowers-finance-loans-in any case-of-race

Banking News – Mike Mayo seeks work; Prosper gets funding
&nbspThe longtime bank analyst is one of many who lost their jobs when CLSA shut its U.S. equity investigate unit; market lender forms group to buy $5 billion of loans
Union Banking – http://www.americanbanker.com/morning-scan/mike-mayo-seeks-work-prosper-gets-funding

Banking News – Walmart updates app to ease money transfers
&nbspThe seller is set to announce Tuesday that it is updating its app to allow its customers to input money conveying in rank electronically rather than having to fill out red tape in the store.
Union Banking – http://www.americanbanker.com/news/walmart-updates-app-to-ease-money-transfers

Banking News – Struggling market lender announces funding deal
&nbspProsper Market will receive as much as $5 billion in loan funding under a deal that will provide investors an equity stake in the San Francisco company
Union Banking – http://www.americanbanker.com/news/struggling-market-lender-announces-funding-deal

Banking News – CLSA, home to gadfly analyst Mike Mayo, closes doors in U.S.
&nbspAs part of the closure, the Hong Kong company — whose brand in U.S. banking was closely linked with Mayo — has shut down its widely followed investigate rift.
Union Banking – http://www.americanbanker.com/news/clsa-home-to-gadfly-analyst-mike-mayo-closes-doors-in-us

Banking News – Merchants Bank of California fined $7 million for rife anti-laundering failings
&nbspMerchants was accused by the Reserves Sphere’s Fiscal Crimes Enforcement Network of failing to by the book monitor money air force businesses that had ownership ties with bank insiders.
Union Banking – http://www.americanbanker.com/news/merchants-bank-of-california-fined-7-million-for-rife-anti-laundering-failings

Banking News – Did Durbin amendment lead to accidental credit card splurge?
&nbspLost in the battle between banks and retailers — which is being fought with renewed vigor in the early days of the Trump handing out — is any implication of how caps on substitution fees have unnatural consumer costs patterns.
Union Banking – http://www.americanbanker.com/news/did-durbin-amendment-lead-to-accidental-credit-card-splurge

Banking News – OCC downgrades Santander’s CRA rating, cites recent enforcement orders
&nbspThough backward-looking, the exam restricts the company from buying banks or opening twigs outside the Northeast.
Union Banking – http://www.americanbanker.com/news/occ-downgrades-santanders-cra-rating-cites-recent-enforcement-orders

Banking News – The role venture capitalists can play in pairing banks and fintech
&nbspCapital One co-founder Nigel Morris discusses how his venture capital firm, QED Investors, helps banks and fintechs better be with you each other.
Union Banking – http://www.americanbanker.com/news/the-role-venture-capitalists-can-play-in-pairing-banks-and-fintech

Banking News – Just how uncommon are market lenders? Securitization pros unsure
&nbspIt’s unclear whether concerning lenders and borrowers over the internet offers any compensation over habitual lending, according to panelists at the Structured Finance Diligence Group talks in Vegas.
Union Banking – http://www.americanbanker.com/news/just-how-uncommon-are-market-lenders-securitization-pros-unsure