Open Banking: Redefining the Private Banker

Open Banking: Redefining the Private Banker

In the same way Amazon shook up brick & mortar stores and Uber reshaped the taxi industry, traditional financial services firms are now facing a similar threat of disruption from the new kids on the banking block such as Monzo. Nowadays banks can offer cash bonuses of up to £200 plus a hotel stay to
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Amazon HQ2 impact on Denver real estate

With Denver among 20 cities that made the short list for Amazon's second headquarters, the impact on real estate prices should the giant retailer pick Denver is one of the big unknowns. Denver already has a fast-growing population, rising housing costs and shrinking inventory of homes. what would the
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BNY Mellon sees marginal securities lending revenue rise

BNY Mellon's securities lending revenue for Q4 2017 slightly exceeded the previous year's quarterly total by $1 million. The New York-based investment bank reached $45 million last quarter, up from $44 million in Q4 2016. The asset servicing fees for Q4 2017 overall reached $1.1 billion, a marginal
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Zillow: Crisis-level inventory shortage plagues US housing market

Home shoppers looking to buy in 2018 will have 10 percent fewer homes to choose from than a year ago, according to the December Zillow Real Estate Market Report. The for-sale inventory across the nation has been falling on an annual basis for the past three years, marking December as the 35th
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Burger King Takes on McDonald's With New Double Quarter Pound Sandwich

Burger King is launching a new Double Quarter Pound King Sandwich today, a new burger containing a half-pound of beef topped with American cheese, pickles, sliced onions, and ketchup on a toasted sesame seed bun, reports USA Today. The sandwich differentiates itself from the Double Whopper
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UFC 220 pre-event facts: Stipe Miocic goes for heavyweight title history

In the main event, arguably the most anticipated heavyweight title showdown in UFC history takes place when reigning champ Stipe Miocic (17-2 MMA, 11-2 UFC) looks to defend when he meets heavily hyped challenger Francis Ngannou (11-1 MMA, 6-0 UFC). The co-headliner sees light-heavyweight
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France Wants Joint Banking-Union Proposals With Germany in March

France Wants Joint Banking-Union Proposals With Germany in March. By … France and Germany aim to put forward joint proposals in March for completing Europe's union on bank regulation and capital markets, as well as a common corporate tax base, French Finance Minister Bruno Le Maire said
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Banks to set up funds to help businesses hit by Carillion collapse

Several of Britain's biggest banks on Thursday signalled their intention to support small companies that supplied Carillion and could be hit by the collapse of the construction group. A day after Greg Clark, the business secretary, met UK banking executives to discuss their support for small businesses
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Wheeler Real Estate Investment Trust, Inc. Announces Backfill of Anchor Space at Brook Run …

VIRGINIA BEACH, Va., Jan. 18, 2018 (GLOBE NEWSWIRE) — Wheeler Real Estate Investment Trust, Inc.(NASDAQ:WHLR) (“Wheeler” or the “Company”) today announced that the Company has agreed to a lease assignment and assumption agreement between Giant Food Stores, LLC (“Martin's”),
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US Women Are Delaying Motherhood, But They're More Likely to Have Children Than a Decade Ago

What does the average American mother look like? A report from Pew Research Center out Thursday paints a new portrait of mom: She's considerably older, but she's having more children than a decade ago. For years now, data has pointed to American women delaying childbirth, just as they've
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'Salt Bae' Might Spin Off Part of His Restaurant Business for an IPO

Turkish billionaire Ferit Sahenk is considering spinning off part of his restaurant business for a potential initial public offering, according to people with knowledge of the matter. Sahenk's investment firm Dogus Holding AS is working with advisers to carve out some of the restaurants under Dogus
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Hurricane-related defaults affect MGIC's capital cushion

Loan defaults associated with the three late summer hurricanes had a more immediate effect on MGIC Investment Corp.'s secondary market capital cushion than proposed changes by Fannie Mae and Freddie Mac. The government-sponsored enterprises are proposing changes to the Primary Mortgage
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County considers selling “surplus” real estate

County considers selling “surplus” real estate. This 3.5-acre parcel … If the properties don't make sense for the strategic plan of the county, we'll ask ourselves: “Why are we keeping them?” … Two parcels the board will consider next month lie within Warrenton and Remington, which also tax real estate.
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Portmore to get new NCB banking and financial services centre

KINGSTON, Jamaica — The NCB Financial Group (NCBFG) is set to open a new multifaceted banking and financial services centre at 13-14 West Trade Way, Portmore, St Catherine next Monday. Situated in the heart of the sunshine city, the ultra-modern facility will provide banking, insurance and
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KC bank will anchor Corrigan Station addition

Located at the corner of 19th and Main streets in the Crossroads Arts District, the new three-story, 22,910-square-foot addition is scheduled to be completed this fall. It will be anchored by Academy Bank, which has agreed to lease about 5,000 square feet on the ground floor for a new full-service banking
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International Paper (IP) Lifted to Buy at Bank of America

International Paper logo International Paper (NYSE:IP) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Tuesday, January 2nd, MarketBeat.com reports. The firm presently has a $66.00 target price on the basic materials
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Newcastle Intermediaries launches mortgage product for the self-employed

Newcastle Intermediaries has launched a self employed mortgage exclusive a 2-year fixed product at 2.20% (5.3% APR) is available at a maximum 60% LTV. It has no reservation or completion fees, a free standard valuation and increased overpayment facilities of 10% of the balance per annum.
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French banks face capital buffer if lending doesn't slow – central banker

PARIS, Jan 18 (Reuters) – French authorities stand ready to rein in excessive borrowing and could require banks to hold extra capital as a risk buffer, French central bank governor Francois Villeroy de Galhau said on Thursday. France's financial stability council has been concerned about record levels of
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Defiant Optimism Prevails at Bitcoin Conference in Miami

If any Bitcoin investors went broke this week, they weren't looking for pity in Miami, where hordes of digital-currency enthusiasts converged to (mostly) profess optimism about the future of the technology. Bitcoin plummeted 23 percent on Tuesday and went even lower Wednesday, before regaining some
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Cuomo Proposes Ending Carried Interest Loophole for Hedge Funds

New York Governor Andrew Cuomo announced plans Thursday to target a tax break for investment fund managers in his state. The proposal would treat hedge fund managers' compensation as ordinary income — instead of capital gains — for state tax purposes. It would also impose a 17 percent
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