Banks are not tech companies but they are full of IT risk
Aftershocks from the infamous TSB migration to a new IT system in late April, which was so badly bungled as to become a defining case study for generations of bank operations and technology staff to come, were still rumbling in...
Netflix shares fall after UBS downgrades stock on valuation, analyst says good news ‘all priced in’
UBS is getting less bullish over Netflix shares after the stock’s stunning rally this year. The firm lowered its rating to neutral from buy for Netflix shares, citing the internet company’s high valuation. “We believe Netflix’s core competencies in both...
US bank M&A: A red flag
Bank M&A in the US is back and it’s something to be concerned about. When Fifth Third announced it was buying Chicago-based MB Financial in May, it heralded what many had suspected would happen after the Federal Reserve lifted the...
Dollar Strong as Markets Look into US CPI
Yen was sold off sharply overnight after stronger than expected US producer price inflation data. Selling continues in Asian session as risk aversion receded. The impact of US-China trade war escalation on the markets was brief and limited. Most importantly,...
BOC Review – Raised Growth Outlook but Upbeat Business Investment Might Diminish in Coming Years
BOC delivered its fourth post-crisis rate hike in July. While the increase of +25 bps had been widely anticipated, the accompanying statement and the updated growth forecasts appear more hawkish. While raising GDP growth outlook for 2019 and 2020, BOC’s...
Bank of Canada Hikes Rates Despite Worries About Trade
The Bank of Canada (BoC) raised the overnight lending rate 25 bps to 1.50 percent, marking its fourth hike in the past 12 months. The pace of hikes is likely to slow ahead as trade risks loom.. Fourth Rate Hike...
A Tenuous And Unstable State Of Affairs
A tenuous and unstable state of affairs The prospects of another round of US tariffs directed at China have resurrected fears that the trade skirmish between Washington and Beijing could escalate with some investors now fearing a full-blown global trade...
A new golden age for banking?
JPMorgan’s chairman and chief executive Jamie Dimon On a conference call arranged by Bernstein at the beginning of July, JPMorgan’s chairman and chief executive Jamie Dimon was on his usual bombastic form, but one statement stood out. When asked by...
Trump is ‘dead serious about protectionism and tariffs,’ says analyst
As trade tensions escalate, market watchers remain on edge. “What we do know now is President Trump is dead serious about protectionism and tariffs,” Michael LaBella, equity strategist at QS Investors, told CNBC. “This is not going to be a...
After-hours buzz: AVGO, CA & more
Check out the companies making headlines after the bell: Shares of Broadcom fell as much as 6 percent in the extended session, after the Wall Street Journal reported the chipmaker was nearing a deal to acquire New York-based software company...
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