S&P 500, DJIA at Record Marks, as Bank Stocks Gain

S&P 500, DJIA at Record Marks, as Bank Stocks Gain

S&P 500, DJIA at Record Marks, as Bank Stocks Gain $DIA, $SPY, $QQQ, $VXX Tuesday, the S&P 500 and the DJIA marketrecord levels in early afternoon trading as Boeing (NYSE:BA)rose and bank stocks gained ahead of a near certain move by the Fed to raise interest rate. Losses in technology heavyweights, including Apple (NASDAQ:AAPL), and […]

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 26.00. The projected lower bound is: 24.33. The projected closing price is: 25.17. DBS Group Holdings […]

Bank of America Corp (NYSE:BAC) HEFFX Outlook

Bank of America Corp (NYSE:BAC) HEFFX Outlook

Bank of America Corp (NYSE:BAC) HEFFX Outlook Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 27.42. The projected lower bound is: 25.85. The projected closing price is: 26.63. Bank of America Corporation is a bank holding company and a financial holding […]

United Overseas Bank Ltd (SGX:U11) Hiring “Virtual Employees”

United Overseas Bank Ltd (SGX:U11) Hiring “Virtual Employees”

United Overseas Bank Ltd (SGX:U11) Hiring “Virtual Employees” United Overseas Bank (UOB) is employing two robot-like “virtual employees” as they are termed – to tackle tasks its human employees find too boring. The bank said yesterday that the “robots”, Amy and Eve, are slashing the time taken on such repetitive and time-consuming jobs as data […]

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights DBS Group Emerges as Southeast Asia’s Most Valuable Company DBS shares advances to a record; Singtel shares decline Southeast Asia’s largest bank leverages ‘tech transformation’ DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which […]

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 22.29. The projected upper bound is: 24.91. The projected lower bound […]

China’s $38-T Off-Balance Sheet Items Poses Little Risk

China’s $38-T Off-Balance Sheet Items Poses Little Risk

China’s $38-T Off-Balance Sheet Items Poses Little Risk $CNY, $UBS, $MCO The Chinese finance sector’s RMB 253-T ($38-T) of off-balance sheet items pose little risk because more than two-thirds of them are relatively harmless components such as custodial funds and untapped credit-card limits, said UBS Group AG (NYSE:UBS). Despite the size of the number, a […]

Bank of America Corp (NYSE:BAC) Trading Outlook

Bank of America Corp (NYSE:BAC) Trading Outlook

Bank of America Corp (NYSE:BAC) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 25.29. The projected upper bound is: 28.59. The projected lower bound […]

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 20.95. The projected upper bound is: 22.53. The projected lower bound […]

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights The UK’s financial regulator has fined Bank of America’s Merrill Lynch £35m for breaking reporting rules. The US bank failed to report nearly 69 million transactions over two years, the Financial Conduct Authority said. Merrill Lynch’s fine was reduced by 30% because the bank agreed to settle at […]

United Overseas Bank Ltd (SGX:U11) Trading Outlook

United Overseas Bank Ltd (SGX:U11) Trading Outlook

United Overseas Bank Ltd (SGX:U11) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 23.55. The projected upper bound is: 24.92. The projected lower bound is: 23.74. The projected closing price is: 24.33. United Overseas […]

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 20.90. The projected upper bound is: 22.29. The projected lower bound […]

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 20.87. The projected upper bound is: 22.10. The projected lower bound is: 20.92. The projected closing price is: 21.51 DBS Group […]

The Ongoing Feud Between Bannon and Weinstein at a Head

The Ongoing Feud Between Bannon and Weinstein at a Head

The Ongoing Feud Between Bannon and Weinstein at a Head $DIS, $WWE, $GS A huge, ongoing lawsuit that accuses Harvey Weinstein of fraudulently using Steve Bannon’s old company, and ESPN, WWE, Discovery and others as a $130-M piggy bank. In the days that the sexual assault allegations against film mogul Harvey Weinstein became public, Breitbart has been […]

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America Report: Bitcoin’s True Value ‘Impossible to Assess’ A potential move by global brokerages to offer products around cryptocurrencies could have a big impact on the wider market, analysts at Bank of America Merrill Lynch wrote. In an Oct. 16 research note entitled “Introducing cryptocurrencies – […]

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights The Development Bank of Singapore (DBS) expects policy fine-tuning from the Indian government — on the lines of the Goods and Services Tax (GST) — in coming weeks. According to DBS, incoming high-frequency data are likely to improve. The index of industrial production for August — due this […]

Bank of America Corp (NYSE:BAC) Leasing Space In Paris, France

Bank of America Corp (NYSE:BAC) Leasing Space In Paris, France

Bank of America Corp (NYSE:BAC) Leasing Space In Paris, France Bank of America has signed a lease for office space in Paris, cementing plans to move its European trading hub to France after Brexit, Bloomberg reported on Wednesday, citing people familiar with the decision. BofA has agreed to rent about 100,000 square feet of space […]

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights The Development Bank of Singapore (DBS) expects policy fine-tuning from the Indian government — on the lines of the Goods and Services Tax (GST) — in coming weeks. According to DBS, incoming high-frequency data are likely to improve. The index of industrial production for August — due this […]

Bank of America Corp (NYSE:BAC) Trading Outlook

Bank of America Corp (NYSE:BAC) Trading Outlook

Bank of America Corp (NYSE:BAC) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 24.63. The projected upper bound is: 26.81. The projected lower bound […]

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America plans to close another Des Moines area branch. The company said recently it will shutter the office at 501 E. Army Post Road in Des Moines on Nov. 14. “We are consolidating locations,” said Diane Wagner, company spokeswoman. More people are doing their banking online […]

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights Last AGM season, the Commonwealth Bank was one of a record number of companies to receive a ‘first strike’ against its remuneration report. What annoyed shareholders was a proposal to move towards ‘soft’ unquantifiable targets for huge bonuses for chief executive Ian Narev. Since that meeting last November, […]

Wells Fargo’s (NYSE:WFC) O & D’s Must Face Shareholder Suit

Wells Fargo’s (NYSE:WFC) O & D’s Must Face Shareholder Suit

Wells Fargo’s (NYSE:WFC) O & D’s Must Face Shareholder Suit $WFC A federal judge said current and former Wells Fargo & Co. (NYSE:WFC) O & D’s (officers and directors), including CEO Tim Sloan, must face nearly all of a lawsuit by shareholders seeking to hold them personally liable for sales abuses and the creations of […]

DBS Group Holdings Ltd (SGX:D05) Goes Digital

DBS Group Holdings Ltd (SGX:D05) Goes Digital

DBS Group Holdings Ltd (SGX:D05) Goes Digital In August, DBS took its latest step in digital banking with the launch of its mobile-led digibank business in Indonesia. Like its landmark offering in India last year, it is branchless and paperless, making heavy use of biometrics and artificial intelligence. The jury is still out on how […]

Commonwealth Bank of Australia (ASX:CBA) NZ Chief Executive To Retire

Commonwealth Bank of Australia (ASX:CBA) NZ Chief Executive To Retire

Commonwealth Bank of Australia (ASX:CBA) NZ Chief Executive To Retire The chief executive of the Commonwealth Bank’s New Zealand subsidiary, ASB Bank, will retire at Easter next year. Barbara Chapman has held the role since April 2011. ASB, fully-owned by CBA, is looking for a replacement. Ms Chapman, 57, says being ASB chief executive has […]

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights Chubb Limited announced today that it has entered into a 15-year distribution agreement with DBS Bank, the largest banking group in Southeast Asia. Under the terms of the agreement, Chubb will distribute general insurance products on an exclusive or preferred basis through multiple DBS banking channels, including in-branch […]

Bank of America Corp (NYSE:BAC) Chooses Executive To Run Post-Brexit EU Hub

Bank of America Corp (NYSE:BAC) Chooses Executive To Run Post-Brexit EU Hub

Bank of America Corp (NYSE:BAC) Chooses Executive To Run Post-Brexit EU Hub Bank of America Merrill Lynch is to relocate one of its top executives from New York to Dublin to head up its planned post-Brexit EU hub. The bank said in July that it aims to merge its existing Irish banking subsidiary with its […]

United Overseas Bank Ltd (SGX:U11) HEFFX Highlights

United Overseas Bank Ltd (SGX:U11) HEFFX Highlights

United Overseas Bank Ltd (SGX:U11) HEFFX Highlights Deputy chief inspector of the State Bank of Việt Nam Phạm Huyền Anh (second right) on Tuesday granted business licence to the Singapore’s United Overseas Bank Limited (UOB). — Photo SBV Viet Nam News HÀ NỘI — Deputy chief inspector of the State Bank of Việt Nam Phạm […]

United Overseas Bank Ltd (SGX:U11) HEFFX Highlights

United Overseas Bank Ltd (SGX:U11) HEFFX Highlights

United Overseas Bank Ltd (SGX:U11) HEFFX Highlights Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 23.32. The projected upper bound is: 24.09. The projected lower bound is: 22.83. The projected closing price is: 23.46. United Overseas […]

HSBC Holdings plc (Hong Kong) (HKG:0005) HEFFX Highlights

HSBC Holdings plc (Hong Kong) (HKG:0005) HEFFX Highlights

HSBC Holdings plc (Hong Kong) (HKG:0005) HEFFX Highlights HSBC has admitted it was “wrong” to predict a deep dive in the value of the pound this year, as the banking giant’s bearish currency analysts were forced to revise up their forecasts. The bank had previously said sterling might end the year at $1.20 and parity […]

Bank of China Ltd (HKG:3988) HEFFX Highlights

Bank of China Ltd (HKG:3988) HEFFX Highlights

Bank of China Ltd (HKG:3988) HEFFX Highlights A Bank of China executive has backed the City of London to help manage the risk posed by Beijing’s mammoth infrastructure programme, the belt and road initiative. Sun Yu, general manager of the bank’s London branch, said the capital’s powerhouse financial sector could be a “solution provider” for […]

Bitcoin’s Rally Flying in the Face of Central Bank Regulation

Bitcoin’s Rally Flying in the Face of Central Bank Regulation

 Bitcoin’s Rally Flying in the Face of Central Bank Regulation $BTCUSD Wednesday, Bitcoin is trading at 3938+, rising about 20% from the lows marked last Friday, as concern eases that a crackdown by Chinese regulators will hinder the growth of the alternative method of exchange. After marking a record high at 4,921 on 1 September, […]

Cryptocurrency Crackdown: Swiss Shut Down ‘Fake’ e-Coin

Cryptocurrency Crackdown: Swiss Shut Down ‘Fake’ e-Coin

Cryptocurrency Crackdown: Swiss Shut Down ‘Fake’ e-Coin Switzerland’s financial watchdog closed down the provider of a fake cryptocurrency and is investigating around 12 other possible fraud cases, in the latest clamp-down on the risks involving virtual money. The move by the FINMA watchdog comes on the heels of Chinese authorities’ ordering Beijing-based cryptocurrency exchanges to […]

Bitcoin, from Curiosity to Household Word

Bitcoin, from Curiosity to Household Word

Bitcoin, from Curiosity to Household Word $JPM, $BTCUSD The Bank for International Settlements (BIS) said Monday, that the world’s central banks cannot ignore the growth in cryptocurrencies and may at some point have to consider whether it makes sense for them to issue their own digital currencies, “Whether or not a central bank should provide […]

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America is suing the U.S. government for $199.8 million the bank says it’s owed in interest it paid to the Internal Revenue Service. The suit, filed Wednesday in federal court in the Western District of North Carolina, centers on interest the Charlotte-based bank said it was […]

China’s FDI Dives After PBOC Curbs

China’s FDI Dives After PBOC Curbs

China’s FDI Dives After PBOC Curbs China’s investment in other countries has taken a deep dive since Beijing tightened controls to cool surging spending on assets deemed unneeded for Chinese economic development. Outward investment, aka FDI (foriegn direct investment), in the 1st 8ht months of this year fell 41.8% rom a year earlier to $68.7-B, […]

Cryptocurrency Crackdown Sparks a Rush to Gold

Cryptocurrency Crackdown Sparks a Rush to Gold

Cryptocurrency Crackdown Sparks a Rush to Gold $BTCUSD, $GLD, $BAC Market guru Mark Mobius said he is sensing danger in the explosive growth of cryptocurrencies. Governments will begin clamping down on digital currencies because of their use in illicit financing, with terrorist groups to drug dealers contributing to their rise, Mr. Mobius, Executive Chairman at […]

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions $GLD NKorea launches or threatens to launch a missile, Gold rises, stocks fall, things calm down and stocks make up their losses, what has been a recurring story YTD. The Big Q: Is it different this time? The Big A: After NKorea said it […]

Commonwealth Bank Money Laundering Scheme

Commonwealth Bank Money Laundering Scheme

The Commonwealth Bank has responded to revelations it failed to monitor transactions in the USA, Asia and Europe. An internal review of the bank’s compliance with Australian and global anti-money laundering and counter terrorism laws reportedly showed large-scale failures in transaction monitoring across a multitude of businesses around the world, according to Sky News Business. Sky […]

Commonwealth Bank – Australia’s Banking System Trust Damaged

Commonwealth Bank – Australia’s Banking System Trust Damaged

The Australian community’s trust in the banking system has been damaged in recent years, and CBA in particular has been negatively impacted by a number of issues that have affected the reputation of the bank. Treasurer Scott Morrison said there had been more than 12 compliance “issues” at the bank since 2008, and the board and […]

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights DBS Bank announced on Monday (Aug 21) it is investing S$20 million over the next five years in a broad-based programme to equip its 10,000 Singapore-based employees with skills in digital banking and emerging technologies. Singapore’s biggest bank said the move supports Prime Minister Lee Hsien Loong’s call […]

China Seeks Greater FDI for Belt and Road Initiative

China Seeks Greater FDI for Belt and Road Initiative

China Seeks Greater FDI for Belt and Road Initiative The Global Manufacturing and Industrialisation Summit, GMIS, has hosted an event to examine China’s grand plans China Manufacturing 2025, CM2025, and the Belt and Road Initiative, BRI, and the impact they may have on both its labour force and the existing supply chains. The half-day conference, […]

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights DBS Bank will be investing more than S$20 million over the next five years in a programme that will train its 10,000 employees in Singapore in digital banking skills and technologies. The move is in support of Singapore’s vision to be a Smart Nation which Prime Minister Lee […]

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights Goldman Sachs Group Inc, JPMorgan Chase & Co. and four other investment banks are conspiring to control the more than $1 trillion (Dh3.67 trillion) market for lending stocks, according to a federal lawsuit. The complaint by the Iowa Public Employees Retirement System and two other government pension plans […]

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights Five customers of the Commonwealth Bank allegedly financed terrorism through six transactions using intelligent deposit machines, according to the financial intelligence agency AUSTRAC. AUSTRAC chief declined to declare confidence CBA was now complying with anti-money laundering laws Westpac, NAB and ANZ given an “all clear” Careful consideration given […]

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights The chief executive of one of Australia’s biggest banks will resign next year, as the lender struggles with accusations that criminals used its cash machines to launder nearly $35 million. Catherine Livingstone, chairwoman of Commonwealth Bank of Australia, said in a news release that Ian Narev, 50, who […]

United Overseas Bank Ltd (SGX:U11) HEFFX Highlights

United Overseas Bank Ltd (SGX:U11) HEFFX Highlights

United Overseas Bank Ltd (SGX:U11) HEFFX Highlights Losses in the local banks again weighed down on the Singapore market, which lost ground for the second straight day. The benchmark Straits Times Index (STI) shed 15.98 points, or 0.48 per cent, to 3,278.95, while overallon bourse came up to just 942 million shares worth S$1.1 billion. […]

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America is the latest financial institution to jump into the premium credit card arena. And, although these cards are competing for the same big-spending, credit-worthy card holders, this card reserves the best perks for those with bank loyalty. The Premium Rewards card from Bank of America, […]

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights At long last, the buck at the Commonwealth Bank has finally stopped at the boss’ door. The AUSTRAC money laundering disaster was a scandal too far and something had to give. Ripping off customers in your financial planning and insurance divisions is one thing, putting the community at […]

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights The head of Australia’s Commonwealth Bank will step down by the middle of next year, the firm has said. Chief Executive Ian Narev will retire after six years at the helm of Australia’s biggest mortgage lender. It comes amid pressure from regulators over 53,700 alleged breaches of anti-money […]

DBS Group Holdings Ltd (SGX:D05) Building Online Market For Cars

DBS Group Holdings Ltd (SGX:D05) Building Online Market For Cars

  DBS Group Holdings Ltd (SGX:D05) Building Online Market For Cars Singapore’s DBS Bank is taking advantage of new regulatory freedoms to launch an online marketplace for people to buy and sell cars. Working with established players sgCarMart and Carro, the bank has already put up 3500 direct-owner car listings on DBS Car Marketplace. Sellers […]

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights It is an interesting time within Asia’s wealthy and technologically sharp financial sector. Developments in financial technology (fintech) are not just enhancing banking services, but replacing them completely. Retail financial services are being further digitised via mobile wallets and payment applications, while equity crowdfunding and online lending platforms […]

Bank of America Corp (NYSE:BAC) HEFFX Stands On $30 Target

Bank of America Corp (NYSE:BAC) HEFFX Stands On $30 Target

Bank of America Corp (NYSE:BAC) HEFFX Stands On $30 Target Jonathan Yalmokas, a top Wall Street executive who specializes in servicing hedge funds, has changed his mind about joining RBC Capital Markets and is headed to Cantor Fitzgerald instead. Yalmokas resigned as the head of prime brokerage for the Americas for Bank of America Merrill […]

BRICS Set To Play its Role in Global Governance

BRICS Set To Play its Role in Global Governance

BRICS Set To Play its Role in Global Governance The 9th BRICS Summit in Xiamen opens in early September when the organization’s role in global governance, a faltering economic recovery and setbacks in globalization will be the issues of greatest concern. “BRICS: stronger partnership for a brighter future” will bring together the leaders of Brazil, Russia, […]

Bank of America Corp (NYSE:BAC) Filed Patents For Ledger Technology

Bank of America Corp (NYSE:BAC) Filed Patents For Ledger Technology

Bank of America Corp (NYSE:BAC) Filed Patents For Ledger Technology Bank of America Files Three Patents for Distributed Ledger Technology The first patent is titled “System for Tracking and Validation of an Entity in a Process Data Network.” The system employs Blockchain technology to track and validate a user’s identification. The system can also update […]

Russia Scandal Fake News, Clintons’ Had Real Russia Relationships

Russia Scandal Fake News, Clintons’ Had Real Russia Relationships

Russia Scandal Fake News, Clintons’ Had Real Russia Relationships White House Press Secretary Sarah Huckabee Sanders flipped Russia conspiracy questions during Tuesday’s press briefing, pointing to a lack of evidence against The Trump Administration and a host of evidence against Bill and Hillary Clinton. Ms. Sanders slammed media questions aimed at showing that there were […]

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights With a positive earnings report, BofA is likely to move higher on the back of positive fundamentals. Momentum has broken higher and is fishing a bullish signal. In this article, we’ll review key levels where traders are likely to have buy and sell orders, and it’s at these […]

JP Morgan Chase – Thousands Of Employees To Move Locations

JP Morgan Chase – Thousands Of Employees To Move Locations

In about a month, thousands of JP Morgan Chase & Co. (NYSE: JPM) employees will begin to move into the financial giant’s new regional campus in Plano’s Legacy West — a hub powered in part by wind energy. The move into the 1 million-square-foot campus within Legacy West will be the first of a multi-phased consolidation bringing about half […]

Commonwealth Bank of Australia (ASX:CBA) HEFFX Targets $100

Commonwealth Bank of Australia (ASX:CBA) HEFFX Targets $100

Commonwealth Bank of Australia (ASX:CBA) HEFFX Targets $100 HEFFX sets a target of $100 for Commonwealth Bank of Australia Commonwealth Bank of Australia is a provider of financial services, including retail, business and institutional banking, funds management, superannuation, life insurance, general insurance, broking services and finance company activities. The Company’s segments include Retail Banking Services, […]

Macquarie Group Executive Paid $18.8 Million

Macquarie Group Executive Paid $18.8 Million

Executive remuneration has raised eyebrows in the past, but the shareholder vote to endorse pay sailed through relatively unscathed despite talk of proxy advisors ISS pushing for a first strike vote on executive pay and the Australian Shareholders’ Association demanding greater transparency. Chief executive Nicholas Moore will retain his spot as Australia’s highest paid executive […]

Commonwealth – The Disabled Are Holding Us Back

Commonwealth – The Disabled Are Holding Us Back

Disability advocates have criticized Commonwealth Bank for deploying an Eftpos machine that cannot be used by the blind or visually-impaired. The advocacy group Blind Citizens Australia and the former disability discrimination commissioner Graeme Innes said the touchscreen-only terminal was preventing blind users using the machine, or forcing them to reveal their pin to retail staff. The bank’s Albert […]

Macquarie Group Australia’s leading investment bank Unfulfilled

Macquarie Group Australia’s leading investment bank Unfulfilled

Macquarie Group, Australia’s leading investment bank, has a hole to fill. In the years after the global financial crisis, the bank’s Corporate and Asset Finance (CAF) unit – an opaque business analysts call a “black box” – accounted for almost a third of Macquarie’s earnings, driving growth fueled by a A$33 billion ($26.18 billion)-plus bet […]

Bank of America Overpriced For Many Reasons

Bank of America Overpriced For Many Reasons

The US dollar is the worst performing G10 currency this year, down 8% versus its major peers. But it’s still expensive relative to its history, according to Bank of America Merrill Lynch. The currency remains overvalued by about 10 percent compared with its long-term equilibrium and about 12 percent above its 20-year average in real effective term. The […]

JPMorgan Chase & Co. (NYSE:JPM) HEFFX Highlights

JPMorgan Chase & Co. (NYSE:JPM) HEFFX Highlights

JPMorgan Chase & Co. (NYSE:JPM) HEFFX Highlights JPMorgan smashes Wall Street estimates, but shares decline on outlook JPMorgan reports much better-than-expected second quarter earnings. However, the bank lowers its net interest income forecast for the year. Trading revenue also fell. JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment […]

Wells Fargo & Co (NYSE:WFC) Released Confidential Information

Wells Fargo & Co (NYSE:WFC) Released Confidential Information

Wells Fargo & Co (NYSE:WFC) Released Confidential Information Wells Fargo & Co. accidentally released confidential information on tens of thousands of the bank’s wealth-advisory clients, the latest misstep for the firm as it works to recover from last year’s cross-selling scandal. The information was released in response to a subpoena relating to a former employee’s […]

Westpac Hastings Management Sale

Westpac Hastings Management Sale

Property developer and investor Charter Hall is looking to increase its funds under management platform with the potential purchase of Westpac Banking Corp’s $14.3 billion infrastructure investment business, Hastings Management. Hastings is 100 per cent owned by Westpac which was acquired over two separate branches. Westpac acquired 51 per cent of the group in October 2002 for $36 million. Technical Analysis […]

Commonwealth Bank Shares Overpriced

Commonwealth Bank Shares Overpriced

The Commonwealth Bank of Australia (ASX: CBA) share price is surging higher following APRA’s announcement on bank capital requirements. Commonwealth Bank of Australia (ASX: CBA) shares are too expensive for me to buy in today. It doesn’t matter if we have $1,000 or $1,000,000 to invest, the key challenge is to buy shares for less than they are worth. […]

Bank of America (NYSE:BAC) Paralyzed by Computer Breakdown

Bank of America (NYSE:BAC) Paralyzed by Computer Breakdown

Bank of America (NYSE:BAC) Paralyzed by Computer Breakdown $BAC Bank of America (NYSE:BAC) customers were locked out of their accounts in a system outage that lasted several hours. The problem, which generated complaints from customers across the US, prevented people from accessing accounts on Smartphones and other devices according to reports. BofA spokeswoman Jumana Bauwens […]

Bank of America Corp (NYSE:BAC) Cancels HNA Deal

Bank of America Corp (NYSE:BAC) Cancels HNA Deal

Bank of America Corp (NYSE:BAC) Cancels HNA Deal Bank of America said it has identified a solution following reports of system outages Wednesday. “Some customers may have been unable to access some of our online and/or mobile banking applications,” Bank of America, the country’s second-largest bank, said in a statement to CBS News early Wednesday […]

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights Australia’s biggest banks will have to hold billions of dollars in extra capital to ensure they are “unquestionably strong”, following new guidelines issued by the country’s prudential regulator. But they should be able to meet a 2020 deadline to implement the tougher capital requirements by retaining earnings rather […]

Citigroup Inc (NYSE:C) HEFFX Highlights

Citigroup Inc (NYSE:C) HEFFX Highlights

Citigroup Inc (NYSE:C) HEFFX Highlights EPS: $1.28 vs. $1.21 expected by Thomson One analysts’ consensus. Revenue: $17.901 billion vs. $17.367 billion expected by Thomson One. Citigroup’s “Markets and Securities Services” revenue declined by 5 percent year over year, largely because of an 11 percent pullback in equity markets sales. U.S. bank Citigroup Inc (C.N) is […]

Morgan Stanley (NYSE:MS) HEFFX Highlights

Morgan Stanley (NYSE:MS) HEFFX Highlights

Morgan Stanley (NYSE:MS) HEFFX Highlights Morgan Stanley is on a mission to combine the best of machine learning, predictive analytics and workflow technology with the human touch provided by its 16,000 financial advisers. Despite the popularity of robo-advisers, clients still want a human being to help them navigate complex life questions, according to Naureen Hassan, […]

Russia and China Setting Up to Transact Energy Business in Gold

Russia and China Setting Up to Transact Energy Business in Gold

Russia and China Setting Up to Transact Energy Business in Gold $GLD, $OIL, $USD, $CNY Russia’s largest bank, state-owned Sberbank, announced that its Swiss subsidiary had begun trading in Gold on the Shanghai Gold Exchange. Russian officials have signaled that they plan to conduct transactions with China using Gold as a means of marginalizing the […]

Bank of America Corp (NYSE:BAC) M. Lawence President of St. Louis Market

Bank of America Corp (NYSE:BAC) M. Lawence President of St. Louis Market

Bank of America Corp (NYSE:BAC) M. Lawence President of St. Louis Market Bank Of America Shareholders About To Be Diluted By Insider Warren Buffett Bank of America has named Michael Lawrence as president of the St. Louis market. Lawrence, 40, replaces Jackie Yoon, who left the bank earlier this year. Lawrence joined Bank of America […]

Commonwealth Bank of Australia (ASX:CBA) Donates $50K to Emerging Leaders Scholarship

Commonwealth Bank of Australia (ASX:CBA) Donates $50K to Emerging Leaders Scholarship

Commonwealth Bank of Australia (ASX:CBA) Donates $50K to Emerging Leaders Scholarship Calling the need for well-educated, agile leaders with strong communications skills essential in an increasingly global world, Commonwealth Bank boosted its support of its Emerging Leaders Scholarship Program at the University of The Bahamas this week with a donation of $50,000. It was the […]

HSBC Stocks Overview – Ban On Staff Buying Stocks

HSBC Stocks Overview – Ban On Staff Buying Stocks

HSBC is said to ban staff buying stock, bonds on own account. HSBC Holdings Plc has instructed about 6,000 employees of its global markets division to cease buying single-name securities on their personal accounts. Purchases of single-name stocks, bonds and concentrated exchange-traded funds will be prohibited, Global Head of Markets Thibaut de Roux told staff […]

JPMorgan Chase & Co. (NYSE:JPM) And Finicity Ink Data-Sharing Agreement

JPMorgan Chase & Co. (NYSE:JPM) And Finicity Ink Data-Sharing Agreement

JPMorgan Chase & Co. (NYSE:JPM) And Finicity Ink Data-Sharing Agreement For the quarter, JPMorgan Chase is expected to report earnings of $1.57 per share, up two cents from the same quarter last year, on revenue of $24.8 billion, according to third-party consensus analyst estimates. Revenues are expected to decline 1.5% compared to Q2 2016. Last […]

Morgan Stanley (NYSE:MS) HEFFX Highlights

Morgan Stanley (NYSE:MS) HEFFX Highlights

Morgan Stanley (NYSE:MS) HEFFX Highlights Morgan Stanley double-upgrades Kingfisher on expected strategy flop Voices.com, the largest global voice over online marketplace, today announced an $18 million growth investment from Morgan Stanley Expansion Capital, the growth-focused private investment platform within Morgan Stanley Investment Management. This represents the Company’s first institutional investment since its founding in 2005. […]

Macquarie Group Ltd (ASX:MQG) HEFFX Highlights

Macquarie Group Ltd (ASX:MQG) HEFFX Highlights

Macquarie Group Ltd (ASX:MQG) HEFFX Highlights Macquarie Group, the world’s largest infrastructure manager, could be forced into a fire sale of ­assets as it comes under pressure from rising interest rates, big debts and stalled earnings, according to Citi. Despite booking a record $2.2 billion profit last year, Macquarie’s earnings have been coming under increasing […]

Citigroup Inc (NYSE:C) Hired Roland Rolfe

Citigroup Inc (NYSE:C) Hired Roland Rolfe

Citigroup Inc (NYSE:C) Hired Roland Rolfe Citigroup Inc. hired Roland Rolfe from Barclays Plc in a bid to strengthen its brokerage business for global hedge funds in Japan. Rolfe started working at Citigroup Global Markets Japan Inc. on Monday as a sales trader in the prime finance department, according to an internal memo obtained by […]

Bank of America Corp (NYSE:BAC) Q2 Earnings Preview

Bank of America Corp (NYSE:BAC) Q2 Earnings Preview

Bank of America Corp (NYSE:BAC) Q2 Earnings Preview When Bank of America (NYSE:BAC) reports second-quarter earnings next Tuesday, investors can expect its earnings to rise on both a sequential and year-over-year basis. That is, at least, the word from the analysts. The consensus estimate of analysts tracked by Yahoo! Finance is for Bank of America […]

Bank of Queensland Limited (ASX:BOQ) HEFFX Highlights

Bank of Queensland Limited (ASX:BOQ) HEFFX Highlights

Bank of Queensland Limited (ASX:BOQ) HEFFX Highlights Bank of Queensland has jumped on a growing trend to raise rates across its range of interest-only loans, while also reducing rates for customers making principal and interest repayments. Effective from August 8, interest only loans from BOQ will increase by 0.40%, bringing the current standard variable rate […]

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

  Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights Over the past 10 years Commonwealth Bank of Australia (ASX:CBA) has returned an average of 5.44% per year from dividend payouts. The stock currently pays a dividend of 5.08% with a market cap of $107.69 Billion and let me tell you why it stands out for income […]

Australian Dollar (A$) Trapped

Australian Dollar (A$) Trapped

Investors had hoped that the Reserve Bank of Australia might have joined other developed-market monetary authorities in suggesting that higher interest rates were coming. In the event it didn’t. Instead it left the Official Cash Rate at its 1.50% record low and gave no hint that any changes were in the wind. In truth it was always […]

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America Merril Lynch released its equity and quant strategy analysts’ list of the most overowned stocks held by active managers. The list is a part of a new report on active manager holdings. According to BAML, the “overowned” list includes companies that meet the following criteria: […]

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights Warren Buffett’s Berkshire Hathaway will exercise warrants in Bank of America allowing it to acquire 700 million common shares at an exercise price of $7.14 each, or about $5 billion. At Thursday’s closing price, that stake is worth more than $17 billion. Berkshire will also become the bank’s […]

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights PPB Advisory will start spruiking Network Ten to potential buyers on behalf of the Commonwealth Bank of Australia after the lender officially appointed the firm as receivers on Saturday morning. CBA is owed $200 million by Network Ten through a debt facility granted in 2013 that falls due […]