Latest News for: Big banks

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Watchdogs need to stay on the heels of Big Tech, says Bank for International Settlements

Business Day 02 Aug 2021
London — Central banks and financial regulators urgently need to get to grips with the growing influence of “Big> Tech”, according to top officials from central bank umbrella group the Bank for International Settlements (BIS).              .
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Financial regulators urgently need to get a grip on 'Big Tech' - BIS

Reuters 02 Aug 2021
LONDON, Aug 2 (Reuters) - Central banks and financial regulators urgently need to get to grips with the growing influence of 'Big> Tech', according to top officials from central bank umbrella group the Bank for International Settlements (BIS) ... entire banking systems.
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Is it time to re-invest in banking stocks?

The National 02 Aug 2021
For more than a decade, everybody hated the big banks after their bonus-fuelled speculation triggered the global financial crisis in 2008 and subsequent Great Recession ... The big US banks have just been through their reporting season and the results have been stunning.
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Fintechs need to be regulated more like banks, says report from global regulator group

Live Mint 02 Aug 2021
Banks and insurers can be designated as systemically important ... Central banks should study the need for “specific safeguards" for big techs, the paper said ... has an almost identical market value—around $325 billion—as Bank of America Corp., the U.S.’s second-largest bank by assets.
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Fintechs Need to Be Regulated More Like Banks, Says Global Regulator

Wall Street Journal 02 Aug 2021
Banks and insurers can be designated as systemically important ... Central banks should study the need for “specific safeguards” for big techs, the paper said ... has an almost identical market value—around $325 billion—as Bank of America Corp. , the U.S.’s second-largest bank by assets.
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Left in the cold

Dawn 02 Aug 2021
But if you are big enough, you can get a loan at extremely low rates,” he said, narrating how he was able to secure running finance only because of his father’s bank account ... If the State Bank allocates, say, Rs100 for us, SMEs only get Rs25 of it while the rest go to the big clients of the banks,” alleges Mr Ali.
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Fed Chairman's Approach to Regulation Has Drawn Some Criticism

Wall Street Journal 02 Aug 2021
During Chairman Jerome Powell’s nearly four years as head of the Fed, the central bank has revamped big-bank stress tests, tailored its rules for U.S ... In last year’s pandemic-driven, real-world stress test of the banking system, U.S ... banks, particularly for the largest banks,” Mr.
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Flipkart Big Saving Days teased to start soon, will offer 10% discount on these bank cards

The Times of India 02 Aug 2021
Flipkart recently concluded the first round of Big> Saving Days on July 29 ... It offered discounts on the purchase of smartphones, gadgets and other electronic appliances using ICICI Bank cards ... In the upcoming round of Big Saving Days, both-- ICICI Bank and Axis card holders will be eligible for 10% instant discount.
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We Asked Daves About Dave, Marcus and Other First-Name Money Apps

The Scranton Times-Tribune 02 Aug 2021
There is real promise here, given how many people find big-bank apps clunky ... And if you resent all of the overdraft and other fees the Big> Brother banks so often charge — and you do, there’s little doubt — Dave and friends look even better ... Bigger banks are only starting to catch up.Gaining popularity ... Today, she banks with her humble credit union.
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Goldman Sachs raises junior banker pay, aligning with rivals

Live Mint 02 Aug 2021
The bank’s new pay for staff starting out in the industry is well ahead of its big bank peers, which centered around a $100,000 figure as they sought to stem defections amid intense workloads ... In the aftermath, Morgan Stanley, Citigroup Inc., Deutsche Bank AG and JPMorgan Chase & Co.
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Afterpay lifts Australian shares to record close

The Times of India 02 Aug 2021
"There is a lot more competition now in the BNPL space as we have got more banks and ... Tech stocks jumped 6.5% in their best session since late March 2020, while financials rose 1.9% to their highest close since June 22, with all the "Big> Four" banks in positive territory.
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Goldman Sachs boosts junior pay after burnout complaints

The Irish Times 02 Aug 2021
Goldman Sachs has become the last of the big investment banks to raise salaries for junior staff in response to complaints about burnout from new recruits caught in a dealmaking boom during the pandemic ... In contrast, other banks such as Citigroup and UBS have touted their adoption of hybrid practices as a recruiting advantage.
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Where will the Lloyds share price go in August?

The Motley Fool 02 Aug 2021
As a Lloyds Banking Group (LSE ... First-half results from the big banks were due in the last week of July, and they look good ... And the bank has been clear all along that it has been accumulating cash with a view to making returns to shareholders as and when practical ... Alan Oscroft owns shares of Lloyds Banking Group.
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Gold at $3,000 an ounce - One fund manager certainly believes so

Gulf News 02 Aug 2021
Artificially low interest rates have created asset bubbles that are too big to burst, which will make it very difficult for central banks to normalize without risking their collapse, he said ... "Central bank money printing isn't really solving problems, it's delaying the problem," Parrilla said.
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Fed Governor: Not Having A Digital Dollar Is Not An Option Anymore

CoinGape 02 Aug 2021
It is clear that the next big economic dominance will depend a lot on the central bank digital currencies (CBDCs), and the top two economies – the U.S ... bank digital currency)offering, and the U.S ... central bank might release the official research paper on CBDC aka the U.S.
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