The S&P 500 and the Dow Jones Industrial Average set new records this month as earnings season began. However, while the major indexes continue to hit all-time highs and a record share of Americans now own stocks, a growing number of investors appear to be abandoning the market in favor of sports betting. A July … Read more
Central bankers discussed the emerging central bank digital currency (CBDC) environment at the Sibos conference in Beijing on Tuesday. According to Finextra, representatives from China, the Bahamas, Kazakhstan and Europe spoke about the nuances of this growing subset of the fintech sector. Key takeaway: For widespread CBDC adoption to become a reality, a more complete … Read more
We research all brands listed and may receive compensation from our affiliates. Research and financial considerations may influence how brands are presented. Not all brands are included. Find out more. Conveniences like automatic deposit of your paycheck and scheduled debits to your monthly accounts can be a double-edged sword if you’re looking to switch banks. … Read more
A panel of industry experts at the Sibos 2024 conference on Tuesday discussed the critical role of data sharing and fraud detection in the modern financial landscape. As CFOs navigate an increasingly complex and interconnected world, understanding how to effectively use data can be a game-changer in mitigating risk and protecting financial institutions. According to … Read more
We research all brands listed and may receive compensation from our affiliates. Research and financial considerations may influence how brands are presented. Not all brands are included. Find out more. The Internal Revenue Service announced new tax plans for 2025 on Tuesday. Growth is lower than in the past few years as inflation has fallen. … Read more
To celebrate the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held for the first time in China. By moving to Beijing from Toronto, SWIFT hopes to strengthen its position as a global provider of secure financial messaging services, as the city is home to the majority … Read more
BNY and Mizuho Bank, the oldest banks in the US and Japan respectively, announced an agreement on Sunday to expand their correspondent banking network to facilitate international trade. The agreement, based on BNY’s merchant access service, allows both banks to access each other’s relationship management applications (RMA). “We have heard from some of our clients … Read more
From former President Donald Trump’s proposals to cut taxes on older Americans to Vice President Kamala Harris’ plans to lower prescription drug prices, both candidates have big ideas on issues that could impact retirement in America. Both of their campaign platforms emphasize that they will protect Social Security, the largest source of retirement income for … Read more
Following the rise in cross-border payments, Bank of America on Sunday introduced guaranteed exchange rates for up to one year, the longest term available in the industry. The growth of e-commerce businesses, services, manufacturing and the gig economy has led to a sharp increase in both the volume and value of cross-border payments in recent … Read more
To celebrate the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held for the first time in China. By moving to Beijing from Toronto, SWIFT hopes to strengthen its position as a global provider of secure financial messaging services, as the city is home to the majority … Read more