Friday, November 22

Tag: banking

Singapore Fines Credit Suisse for Bankers’ Misconduct
28Dec By adminNo Comments
World

Singapore Fines Credit Suisse for Bankers’ Misconduct

Dec. 28, 2023 12:08 am ETSingapore imposed a penalty of 3.9 million Singapore dollars (US$3.0 million) on Credit Suisse for failing to prevent or detect misconduct by its relationship managers.Credit Suisse bankers in Singapore had provided customers with inaccurate or incomplete post-trade disclosures, which led to clients being charged spreads above bilaterally agreed rates for 39 over-the-counter bond transactions, the Monetary Authority of Singapore said in a statement on Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Construction Loans, Like Holiday Guests, Might Hang Around Too Long
26Dec By adminNo Comments
Money

Construction Loans, Like Holiday Guests, Might Hang Around Too Long

Dec. 26, 2023 10:00 am ETThroughout 2023, there were a lot of tough headlines about commercial real estate: Vacant offices. Falling apartment rents. Fire-sale prices. So why did banks’ loans to that market grow this year?So-called CRE loans at banks are up over 3% over last year, versus a more than 1% decline in general commercial-and-industrial corporate lending, according to weekly Federal Reserve data through Dec. 6. CRE loans’ rise was just shy of the increase in loans to consumers. And within CRE, construction-and-land development lending was up over 9%, growing almost as much as credit-card loans.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Credit-Card Spending Piles Up as Savings Dwindle 
24Dec By adminNo Comments
Money

Credit-Card Spending Piles Up as Savings Dwindle 

U.S. consumers continue to burn through their pandemic savings and are taking on more debt as they face high prices on everything from food and housing to entertainment. Marianne Lake, co-chief executive of JPMorgan Chase’s consumer bank, said at a December conference that before the pandemic, the bank’s lowest-income clients had on average 12 days’ worth of cash on hand. Today, that average is around 15 days, meaning consumers are close to spending down money they socked away during the pandemic. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
The Crypto Queen Pulling the Strings at Binance
24Dec By adminNo Comments
World

The Crypto Queen Pulling the Strings at Binance

Yi He, a former talk-show host, has sweeping control over the crypto giant’s marketing and investment divisions. She is also founder Changpeng Zhao’s longtime romantic partner.Yi He has assumed the mantle as Binance defender-in-chief, calling critics ‘mediocre and hopeless’ on X. Illustration by Alexandra Citrin-Safadi/WSJ; Photos: Natalie Naccache/Bloomberg
Read More
The Crypto Queen Pulling the Strings at Binance
24Dec By adminNo Comments
Money

The Crypto Queen Pulling the Strings at Binance

Yi He, a former talk-show host, has sweeping control over the crypto giant’s marketing and investment divisions. She is also founder Changpeng Zhao’s longtime romantic partner.Yi He has assumed the mantle as Binance defender-in-chief, calling critics ‘mediocre and hopeless’ on X. Illustration by Alexandra Citrin-Safadi/WSJ; Photos: Natalie Naccache/Bloomberg
Read More
Bitcoin Rose on Rumors in 2023. How to Predict What Comes Next.
23Dec By adminNo Comments
Money

Bitcoin Rose on Rumors in 2023. How to Predict What Comes Next.

Bitcoin may be a relatively new technology. It can still follow some pretty old market maxims.Back in October postings on X, formerly known as Twitter, suggested that the U.S. Securities and Exchange Commission had finally approved the listing of a BlackRock exchange-traded fund that would directly track the price of bitcoin. It was quickly clear that this wasn’t correct. The SEC has delayed decisions on so-called spot ETFs, with some key deadlines now in 2024.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More