Months in the past, Sydney, Australia-based Hamish Tipene took out two loans with Celsius Community. Shopping for a brand new residence above his pre-approval price, he staunchly supported the crypto lender’s motto “Unbank Your self” and used his crypto holdings as collateral as a substitute of promoting it for money. […]
Finance
‘I believe the Fed is true’: BlackRock’s Rieder
The Federal Reserve voted Wednesday to lift rates of interest by 0.75%, or 75 foundation factors, probably the most since 1994. In response, shares rallied on Wednesday earlier than a pointy sell-off Thursday. When the mud settled, the S&P 500 fell 5.8% this week, probably the most in a single […]
Republican And Democratic Senators Release Bitcoin Bill That Would Bridge Crypto And Traditional Finance
Senator Cynthia Lummis, a Republican from Wyoming, and Senator Kirsten Gillibrand, a Democrat from New York, speak during the DC Blockchain Summit in Washington, D.C., US, on Tuesday, May 24, 2022. © 2022 Bloomberg Finance LP After months of teasing, U.S. Senators Kirsten Gillibrand (D-NY), a member of the Senate […]
Recession will be ‘hard to avoid’ as stagflation risks rise
The World Bank warned Tuesday that the global economy faces the risk of dreaded “stagflation,” with this combination of high inflation and low growth tipping some countries into recession. “The war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation are hammering growth. For many countries, recession […]
Corporate Banking Clients’ Digital Wants
Corporate banking clients want more from their financial institutions (FIs) than ever in terms of advanced digital tools and support. Small- to medium-sized businesses (SMBs) and larger companies alike have accelerated digitization efforts since the pandemic struck, making it critical for commercial banks to understand these needs and deliver on […]
“Leveraged finance jobs are being pulled ahead of Q3 layoffs”
If you’re looking for a new investment banking job in the second half of this year, you may need to look a little harder than before. Both headhunters and bankers who’ve been putting themselves out there say the job market is softening as revenues fail to come through. This is […]
Lucid Motors launches Lucid Financial Services with Bank of America for lease and loan financing
Today Lucid Motors announced a new digital financing platform called Lucid Financial Services to provide lease and loan purchase options to Air EV customers in the United States. The financing options are provided through a strategic relationship between Lucid Group and Bank of America. Lucid Motors ($LCID) is currently delivering […]
Exclusive: Citigroup to hire 3,000 in Asia institutional banking business in growth push
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The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 7 (Reuters) – Citigroup Inc (C.N) plans to hire around 3,000 new staff for its Asia institutional business […]
State Financial Regulators Tell Congress To Pass Marijuana Banking Protections In Manufacturing Bill
An organization that represents state financial regulators from across the U.S. is putting pressure on Congress to pass marijuana banking reform as part of a large-scale manufacturing bill that’s currently being finalized in a bicameral conference committee. The head of the Conference of State Bank Supervisors (CSBS) sent letters to […]
Open Finance and analytics drive tech budget uplift in Brazilian banks
Technology budgets in Brazilian banks are set to increase this year as digital transformation accelerates in the sector, according to a yearly report by the National Banking Federation (FEBRABAN), carried out by Deloitte. According to the study, tech budgets are set to reach $7.4 billion in 2022, up 18% in […]