Recent court documents show that the Canadian Imperial Bank of Commerce (CIBC) has frozen accounts holding the large sum of assets - which include $69,000 USD and $25.7 million CAD (appr. $19.4 million USD). According to the court papers, the CIBC was not able to identify the actual owner(s) of the frozen assets. The court … Continue reading Canada’s Courts to Take Custody of Crypto Exchange QuadrigaCX’s Frozen Funds – Omar Faridi
Category: Banking Tools
Get More Yield On Your Cash At Chase, Fidelity, Schwab And Vanguard – William Baldwin
Not paying attention to your idle balances? You might be throwing away $500 a year. If you are like most bank and brokerage customers, you’re getting gouged on your cash holdings. For years, there was no need to shop around. The Federal Reserve held overnight interest rates close to zero. If all you got out … Continue reading Get More Yield On Your Cash At Chase, Fidelity, Schwab And Vanguard – William Baldwin
A Sad Story Of A Failed Russian Bank And Its Toxic Aftermath – Kenneth Rapoza
Promsvyazbank, better known as PSB, is the latest post-Soviet lender to get taken over by the Central Bank of Russia (CBR), and now faces shareholder suits in London and Moscow. PSB is one of the 10 largest banks in Russia, as they still describe themselves on their website. PSB was delisted from the Moscow Stock … Continue reading A Sad Story Of A Failed Russian Bank And Its Toxic Aftermath – Kenneth Rapoza
Is Artificial Intelligence Replacing Jobs In Banking – Vishal Marria
Over the past 12 months, the banking industry has become increasingly excited about AI. Virtually every leading consultancy has published research on the impact AI will have on the sector and investment continues to pour into developing innovative solutions. But, alongside all the buzz comes the inevitable concern that the implementation of this technology will … Continue reading Is Artificial Intelligence Replacing Jobs In Banking – Vishal Marria
HSBC Completes First Trade-Finance Deal Using Blockchain
Just a few hours after German online bank Bitbond announced it now allows users to transfer loan anywhere in the world using bitcoin and other cryptos , a move which we said would result in a rapid adoption of blockchain technologies within the bank-disintermediation space, the FT reported that in a somewhat parallel transaction, UK-based … Continue reading HSBC Completes First Trade-Finance Deal Using Blockchain
3 Best Cash Back Credit Cards in Singapore
(Source: sg.finance.yahoo.com) Money doesn’t grow on trees, but with the number of cashback credit cards in Singapore, it sure feels like it. Instead of the reward points system that many cards offer, cashback credit cards give you a cash rebate. Cash rebates work much better than rewards points because they usually don’t expire, and you […] … Continue reading 3 Best Cash Back Credit Cards in Singapore
China’s Kunlun completes full buyout of Grindr
Nearly two years to the day of its majority investment in Grindr, China-based tech firm Kunlun Group has fully acquired the gay dating app. Grindr is among the, if not the, world’s most popular LBQT dating app with a claimed 3.3 million daily users. Kunlun, which is best known for games but is part of… via … Continue reading China’s Kunlun completes full buyout of Grindr
10 Big Ideas for Banking in 2018 | Financial Services Marketing
How new developments on many fronts are going to affect the banking business in the coming year and beyond — and what bankers can do to prepare. Source: 10 Big Ideas for Banking in 2018 | Financial Services Marketing
What SoftBank really wants
(Source: techcrunch.com) Some in Silicon Valley aren’t quite sure what to make of SoftBank and its massive, roughly $100 billion Vision Fund. At times, they say privately, it looks like a drunken gunslinger, firing off massive checks in quick succession. But sources close to SoftBank say there is a method to its madness. In fact, […] … Continue reading What SoftBank really wants
UK’s Tide raises $14M to challenge big banks with a mobile-first service for SMBs
Europe has seen a large wave of startup banks pop up in the last few years — businesses like N26, Atom and Monzo that are taking on the big incumbents by creating faster and cheaper services for a new class of consumers as they grow up and enter the working world. Now a startup has… via … Continue reading UK’s Tide raises $14M to challenge big banks with a mobile-first service for SMBs