Banking
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Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain…
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BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization
Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen…
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JP Morgan, PNC Race To Acquire Troubled First Republic Bank
JPMorgan Chase & Co. and PNC Financial Services Group Inc. are bidding to take over the assets of First Republic Bank from…
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An Acute Case Of Bank Run; How Depositors Wiped Out US$75B From Credit Suisse
What Is A “Bank Run”? A bank run is a situation in which many people withdraw their money from a bank at…
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Waave Raises $4.7M; Developing Open Banking Payments
Waave is a fintech company based out of Australia. Waave is claimed to be the first B2B and B2C payment platform using…
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Apple Launches High-Yield Savings Account In Partnership With Goldman Sachs
Tech giant Apple Inc. introduced a high-yield savings account Monday to its Apple Card services in collaboration with Goldman Sachs as part…
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BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds. The securities of the…
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Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause
The Mortgage Bankers Association (MBA) stated that for the first time ever, in 2022, banks were losing money on every mortgage they’d…
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Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank
First-Citizens Bank will acquire the loans and deposits of Silicon Valley Bank (SVB), one of the crypto lenders that failed this month,…
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More Than 1,200 German Banks To Offer Bitcoin Trading Through dwpbank’s New Platform
Deutsche WertpapierService Bank AG (dwpbank) is connecting the traditional securities market with the digital asset space through a new platform that could…