Banking News

• ATMs, Once the Future of Banking, Are Starting to Become More Scarce
  In the wake of the economic crisis, Paul Volcker called automated teller machines the last financial innovation that improved society.
  Newsmax.  Monday, 20 May 2019.
• Is Lloyds Banking Group (LYG) a Good Value Investor Pick?
  Let's see if Lloyds Banking Group PLC (LYG) stock is a good choice for value-oriented investors right now from multiple angles.
  Zacks.  Monday, 20 May 2019.
• Lloyds to create 500 jobs at new tech hub in Edinburgh
  The banking group says it is responding to a shift in customer behaviour towards digital services.
  BBC News.  Sunday, 19 May 2019.
• China and Huawei need US more than America needs them in 5G wireless race, say industry insiders
  Trump's new order effectively blacklisting Huawei from the U.S. market will not hurt America in the race to build out next-generation 5G wireless technology, a well-known CEO and a top telecom investment banker say.
  CNBC.  Friday, 17 May 2019.
• IMF urges German banking sector to accelerate restructuring
  The IMF has urged Germany's banks to speed up their restructuring plans to become more profitable and reduce risks.
  CNBC.  Friday, 17 May 2019.
• Survey: Region's bankers losing confidence in farm economy
  OMAHA, Neb. (AP) - A monthly survey of rural bankers in parts of 10 Plains and Western states shows they're rapidly losing confidence in the region's farm economy. ...
  Washington Times.  Thursday, 16 May 2019.
• Early exposure to banking may influence life-long financial health
  Growing up in a community with or without banks has a long-term effect on how you build and manage credit, according to a new study. ...
  Science Daily.  Thursday, 16 May 2019.
• Cybercrime group that used malware to steal $100 million from online banking accounts shut down
  International law enforcement operation takes down cybercrime network that tried to steal $100 million by capturing online banking details.
  ZDNet.  Thursday, 16 May 2019.
• When China Jump-Starts Its Shadow Banking Units, You'll Know It's Bad
  Nomura: expect "special support" to the private sector to help China protect its manufacturers from tariffs.
  Forbes.  Thursday, 16 May 2019.
• Rise in parents paying for umbilical cord blood banking
  Frozen stem cells from umbilical cord blood and tissue can be used if babies get ill in the future.
  BBC News.  Thursday, 16 May 2019.
• India's Largest Public Companies 2019: Banks Survive Modi's 'Demonetization'
  Biggest impact of India's banking sector: renegade billionaires.
  Forbes.  Wednesday, 15 May 2019.
• Mel Gibson Casting in Rothchild Comedy Sparks Outrage
  Massive backlash has erupted following news of Mel Gibson being cast in "Rothchild," an upcoming dark comedy about a super-rich family of Jewish bankers in New York.
  Newsmax.  Tuesday, 14 May 2019.
• Citigroup looks to vastly expand India reach with Paytm tie-up
  India's top digital payments firm Paytm on Tuesday launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card customer base in the country.
  Reuters.  Tuesday, 14 May 2019.
• Goldman Seeks Tokyo Banking Licence for Cash Management
  Goldman's (GS) consistent efforts to diversify sources of revenues bode well for long-term growth.
  Zacks.  Tuesday, 14 May 2019.
• Steve Bullock, Montana governor, to run for president in 2020
  Montana Gov. Steve Bullock jumped into the crowded race for the 2020 Democratic presidential nomination on Tuesday, banking that his record running a red state will help distinguish him from a field that tops 20 candidates. ...
  Washington Times.  Tuesday, 14 May 2019.

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