banking

Google wants to expand its reach to consumers by offering a checking account through a partnership with banking giant Citigroup Inc (NYSE: C), The Wall Street Journal reported. What Happened The Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) unit is also teaming up with a local credit union at...

Billionaire hedge fund titan Ray Dalio made waves yesterday with another cautionary LinkedIn post that pinned the blame on Central Banks for creating a "mad" world of free money that’s driven a wedge between the wealthy and the poor. Many have commented that the world’s...

In 2008, the Treasury Department's Office of Foreign Assets Control (OFAC) issued "guidance" that precludes U.S. companies and individuals from conducting business with entities that are owned 50% by a sanctioned party.  Specifically, these sanctioned parties have been placed on OFAC's Specially...

With U.S. vs. China and U.K. vs. E.U. looming over financial markets, I've often referred to this year as the Howie Mandel market, as in “Deal or No Deal?” But that only goes halfway in describing the bifurcated nature of what's happening right now. When hopes are dim for...

Can good things come in fours? A quartet of the largest U.S. banks reported a mixed set of Q3 earnings results before the opening bell. Strength at JPMorgan Chase & Co (NYSE: JPM) and Citigroup Inc (NYSE: C) got balanced by weakness at Goldman Sachs Group Inc (NYSE: GS) and a hit and...

JPMorgan Chase & Co. (NYSE: JPM) shares were trading higher Tuesday after the bank posted third-quarter EPS of $2.68, beating the $2.45 Street estimate, and sales of $29.3 billion, which topped the analyst estimate of $28.49 billion.  “JPMorgan Chase delivered record revenue...

This week, it gets real. Real in the sense that investors will finally have something solid to trade on and not just the latest back and forth around trade talks with China—like the one that helped spike stocks on Friday and now has them looking softer (see more below). The backbone of the...

During Q2 earnings season, Financial sector results helped renew investor confidence in the U.S. consumer. The question heading into Q3 is whether banking executives still see the same kind of strength, and if they think it can continue amid trade wars, Brexit, and signs of weakness in the U.S....

Like a playoff baseball game with lots of twists and turns, we’ll probably have to go inning-by-inning as news trickles out today on trade talks. Whether the last at-bat is a strikeout or a solid base hit (a home run seems unlikely) could help determine whether this early rally in stock...

Next year, look to our trading partners in South America and Asia (outside of China and Japan) for accelerating growth. Now that the fourth quarter is upon us, economic forecasters modeling the future have turned their attention to 2020 to help investors and companies find robust growth in a...

The S&P 500 closed the week under pressure and lower for the second week in a row as reports that the White House might limit U.S. investment in China weighed on investor sentiment and the four major U.S. indices. But it’s not just the indices coming off: we have Gold back below 1,500,...

DAI aims to cut the cord from fiat currency In Part 1 of this series, I explained the powerful potential of Decentralized Finance (DeFi) to create the financial world of the future. In that scenario … Distributed Ledger Technology replaces custodians … The risk that custodian...

Markets were rattled last week after the Federal Reserve said it conducted an open market operation to inject liquidity into the overnight repo market. New York Fed President John Williams said Monday that the Fed acted quickly and the problems are resolved for now, but investors are understandably...

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned the Central Bank of Iran and National Development Fund of Iran in retaliation for Iran's alleged involvement in multiple drone-operated missile strikes against several Saudi Arabian oil facilities on Sept. 14....

For anyone who uses a bank or credit union, imagine having the capability to pay your bills or review transactions on command using only your voice. For those who are looking to improve a damaged credit score or learn new ways to maintain a reasonable budget, imagine having a personal assistant in...