Hints and tips:
...From the SEC’s complaint: From the start of FTX’s operations in or around May 2019 until at least 2021, FTX customers deposited fiat currency (eg, US Dollars) into bank accounts controlled by [FTX’s affiliated...
...Economic data Economists forecast that sales of existing homes in the US declined in March to 5.80mn units, down from 6.02mn in February....
...“We have growth of 5 per cent, but 2.5 per cent comes from minerals [oil and gas] which brings in money but doesn’t create employment, which is the only thing that’s going to save us,” the academic says....
...Located in Leeds, the Bank will invest across the United Kingdom in public and private projects to finance the green industrial revolution....
...So I can announce today the first ever UK infrastructure bank. Located in Leeds, the bank will invest across the UK in public and private projects to finance the green Industrial Revolution....
...There’s a difference between no longer being in the hallowed “G5” group of currencies — which it is not at all clear the pound has fallen out of permanently either — and being an emerging market currency...
...In the last Federal Open Market Committee policy meeting no clues emerged in this regard: the Fed has pledged to continue QE and to keep short-term rates near zero at least until 2022....
...Further reading ● Wells Fargo to pay $3bn for fake-accounts scandal Intel is due to begin its fight against the 2009 EU antitrust ruling at Europe’s second-highest court on Tuesday....
...Operating margin was also significantly impacted and came in at 5% (vs. 14% last year), reflecting lower completions and no land sales this year (£12m last year)....
...Other banks, including Bank of America and Wells Fargo, are also active in industry efforts to promote API solutions over screen-scraping....
...Wells Fargo’s results are on Tuesday, while Bank of America, which is forecast to post a fall in quarterly profit, BlackRock and Citigroup report on Wednesday....
...(FT) Top level departures at Wells Betsy Duke, chairman of Wells Fargo, and James Quigly, head of the bank’s audit and risk committee, have both resigned ahead of a scheduled appearance before the Democrat-controlled...
...Primary consumer checking accounts and US business loans — two areas the bank had prioritised in its recovery — grew at 1 and 4 per cent, respectively, both slightly slower than in the fourth quarter of...
...Banking on Big Tech Google is talking to US banks about offering current accounts to its customers, accelerating Silicon Valley’s incursion into financial services after Apple’s credit card launch and Facebook...
...US RevPAR declined 11.6% in the same week, giving a 28-day average of -3.1%, and YTD down 0.5%, which was expected as our US team’s report showed that domestic conference cancellations picked up in early...
...Number two: At various times throughout 2017 and 2018 both Bitfinex and Tether held accounts at two New York-based banks, Signature Bank and Metropolitan Commercial Bank....
...Tim Sloan thinks that Wells Fargo is “the best bank in the world”....
...The bank set the goal of having 93 per cent of the US population within its physical “footprint” (a concept that includes ATMs) by 2022, up from 69 per cent today....
...Airwallex currently enables transactions to more than 130 countries in 50 currencies, sometimes at fees of less than 0.5 per cent and in only one or two days....
...The decision to exit gas and power comes after the well-documented travails at General Electric, whose disastrous acquisition of Alstom’s power business contributed to the US group’s epic meltdown....
...Bank of America, Wells, JPMorgan, Citibank and the biggest regional banks can invest in high-tech branches — but what about the other 5,000 or so banks in the US?...
...Building a ‘better’ Tether The concept of stablecoins is not new: Tether, the biggest cryptocurrency linked to US dollar deposits, has been in circulation since 2014 and accounts for about 93 per cent of...
...The US is located across the ocean, and the UK is located far away, while we are right here, in this region, and the North Korean nuclear range is not far away from our border....
...Merryn: If there is a no-deal Brexit, there’s no way that [Bank of England governor] Mark Carney is going to raise interest rates next year....
...Following a precipitous drop in the value of the currency versus the dollar, Turkey's central bank was forced into an emergency hike in the late liquidity window rate, pushing rates to 16.5 from 13.5 per...
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