Month: May 2017

HSBC to roll out robo-advice for small savers

Banking News – HSBC to roll out robo-advice for small savers
&nbspUK bank to launch online investment service for customers with less than £15,000
FT.com – Banks – https://www.ft.com/content/35dc61ea-45ff-11e7-8d27-59b4dd6296b8

Fee Rate Advisory #3 for Fiscal Year 2017

Banking News – Fee Rate Advisory #3 for Fiscal Year 2017
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The Securities and Chat Fee today announced that early on July 4, 2017, the fee rates applicable to most securities transactions will be set at $23.10 per million dollars. 

Consequently, each SRO will take up again to pay the Fee a rate of $21.80 per million for covered sales in the works on charge dates through July 3, 2017, and a rate of $23.10 per million for covered sales in the works on charge dates on or after July 4, 2017. 

For more in rank on the term “charge date,” please refer to Rule 31(a)(3) and Chat Act Release No. 49928 at http://www.sec.gov/rules/final/34-49928.htm.

The assessment on wellbeing futures transactions will remain unchanged at $0.0042 for each round turn transaction.

The Fee single-minded these new rates in accordance with Section 31 of the Securities Chat Act of 1934.  These adjustments do not frankly affect the amount of funding void to the SEC.

The Office of Version and Guidance in the Fee’s Rift of Trading and Markets is void for questions on Section 31 at (202) 551-5777 or by e-mail at [email protected].

The Fee will issue further notices as apt to keep the public well-informed of developments concerning to fees under Section 31.  These notices will be posted on the SEC website.

SEC.gov Updates: Press Releases – https://www.sec.gov/news/press-release/2017-111

How do I safely invest my retirement savings for growth?

Private Finance – How do I safely invest my retirement savings for growth?
 How do we invest our nest egg so we can take benefit of stocks’ the makings for long-term growth without leaving ourselves too vulnerable to setbacks that could make vulnerable our retirement wellbeing?
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/qFypKnXAWzw/index.html

Deutsche Bank fined $41 million for money-laundering lapses

Banking News – Deutsche Bank fined $41 million for money-laundering lapses
&nbspThe bank agreed to improve anti-laundering reins deemed “unsafe” by the Fed, counting administration of so-called mirror trades that may have helped foreign customers hide large sums of money.
Union Banking – http://www.americanbanker.com/articles/deutsche-bank-fined-41-million-for-money-laundering-lapses

FB Financial retools M&A deal to address Fed concern

Banking News – FB Fiscal retools M&A deal to address Fed concern
&nbspThe company was set to sell a 24% stake in itself to buy two Tennessee banks but has updated the agreement to avoid a the makings conflict cited by a valve.
Union Banking – http://www.americanbanker.com/news/fb-fiscal-retools-m-a-deal-to-address-fed-concern

Program to get more people banked gets more bank buy-in

Banking News – Program to get more people banked gets more bank buy-in
&nbspThe nonprofit Bank On certifies banks that offer deposit fiscal proclamation with minimal fees. It is one of many initiatives calculated to bring more patrons into mainstream banking.
Union Banking – http://www.americanbanker.com/news/another-carrot-for-banks-to-pursue-the-unbanked

A Western flavor to Wells Fargo’s retail shake-up

Banking News – A Western flavor to Wells Fargo’s retail shake-up
&nbspRetail banking chief Mary Mack made several changes, counting reorganization leadership in the Western region, where some of the worst incidents in the Wells scandal were said to have occurred.
Union Banking – http://www.americanbanker.com/news/a-western-flavor-to-wells-fargos-retail-shake-up

Are ATMs sitting ducks for WannaCry-style cyberattack?

Banking News – Are ATMs sitting ducks for WannaCry-style cyberattack?
&nbspATMs tend to run on older versions of the Windows in commission system, which potentially makes them targets for ransomware that preys on such vulnerabilities.
Union Banking – http://www.americanbanker.com/news/are-atms-sitting-ducks-for-wannacry-style-cyberattack

Missing (so far) in CIT’s overhaul: More loans, deposits

Banking News – Missing (so far) in CIT’s fix: More loans, deposits
&nbspAggressive reorganization moves and stock buybacks are giving CIT time to remold itself, but it will need to show core-banking growth to stave off calls for the company to sell itself.
Union Banking – http://www.americanbanker.com/news/missing-so-far-in-cits-fix-more-loans-deposits

Could Trump go ‘nuclear’ on FDIC?

Banking News – Could Trump go ‘nuclear’ on FDIC?
&nbspThe end of the filibuster for presidential nominees could affect whether Democrats get a say in picking board members of the FDIC.
Union Banking – http://www.americanbanker.com/news/could-trump-go-nuclear-on-fdic

Fed must stop rewarding banks for not lending

Banking News – Fed must stop valuable banks for not lending
&nbspThe Federal Reserve is right to look at reduction its bloated balance sheet. But if it doesn’t at once stop paying banks to hoard money, the Fed will make the next depression.
Union Banking – http://www.americanbanker.com/opinion/fed-must-stop-valuable-banks-for-not-lending

Speaker Proposal

Banking News – Speaker Bid
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Union Banking – http://www.americanbanker.com/talks/digital-lending-investing-2017/speaker-bid

Sterling: New CRA score should quell concerns on Astoria deal

Banking News – right: New CRA score should quell concerns on Astoria deal
&nbspThe OCC just gave right a “satisfactory” rating and said the New York bank had addressed some concerns by the Fed that had leaked to the public and raised questions about its pending M&A deal.
Union Banking – http://www.americanbanker.com/news/sterling-new-cra-score-should-quell-concerns-on-astoria-deal

ChemChina edges closer to sealing Syngenta deal

Banking News – ChemChina edges closer to sealing Syngenta deal
&nbspChinese group’s buyout of seed maker set to turn country into agrichemical motivating force
FT.com – Banks – https://www.ft.com/content/2dc58756-45dd-11e7-8519-9f94ee97d996

Byrne pitches a very different AIB to investors

Banking News – Byrne pitches a very uncommon AIB to investors
&nbspDublin’s sale of a 25 per cent stake follows cuts to staff and non-the theater loans
FT.com – Banks – https://www.ft.com/content/f9584eb4-452c-11e7-8519-9f94ee97d996

US banks and energy stocks extend slide in May

Banking News – US banks and energy stocks extend slide in May
&nbspGauge that tracks shares in America’s largest lenders poised for third monthly fall
FT.com – Banks – https://www.ft.com/content/124fa5f4-4549-11e7-8d27-59b4dd6296b8