A top market watcher believes that a chilling trend in the market could wreak havoc on your portfolio. “We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand,” Bank of America-Merrill Lynch’s… Read More ›
Day: October 12, 2016
Virtual Reality Shoppers can Pay by Nodding, Thanks to Alibaba’s New Payment System
Virtual reality shoppers would be able to pay for things in future just by nodding their heads. A payment service that will allow this was unveiled and demonstrated by Alibaba Group Holdings’ finance arm on Wednesday. A part of Alibaba’s… Read More ›
Wells Fargo CFO says accounts scandal will not impact its 3 quarters earnings “much”
Wells Fargo executives have stated that the accounting scandal will have a significant effect on the growth of its retail banking business. The Wall Street Journal has reported citing the recording of an internal call, Wells Fargo & Co’s CFO… Read More ›
Passporting rights are key to EU’s single market bloc – world’s top bankers
Unless the British government can retain passporting rights for its financial sector, some of the world biggest bankers have warned that the country could see an exodus. The question of whether Theresa May will be able to retain Britain’s financial… Read More ›
Symantec warns bank of attacks on SWIFT
Two hacking groups employing similar tactics have been caught using the same IP addresses by Symantec. The Cyber security company has warned of attacks on SWIFT, the messaging system which is at the heart of the world’s financial system. Computer… Read More ›