Sentences with phrase «street banks for»

President Obama is in New York City tonight for some campaign fundraisers and the Working Families Party are seizing on the opportunity to pressure the president into investigating Wall Street banks for fraud.

The Bank's base rate dictates the amount of interest it charges to the high street banks for the money it issues, which in turn affects the rates at which ordinary customers can borrow money and how much interest they get on their savings.

Since central governments are already effectively underwriting high street banks» credit creation processes, and emoney is spreading like wildfire, why bother with high street banks for the payment function, especially when they charge so much for so little?

Not exact matches

Kate Kelly is a reporter for the New York Times who covers the many facets of Wall Street: personalities, big profits and losses, banks, hedge funds, and regulation.

It also has the greatest concentration of international banks in the U.S., and it's been called «America's Cleanest City» for its air and water quality, green spaces, and clean streets.

A Long Island penny stockbroker who served 36 months in prison for defrauding investors in a massive 1990s securities scam that involved widespread corruption on Wall Street and in the corporate banking world, including shoe designer Steve Madden.

If you have been following along, you will know that Bank of Canada Governor Stephen Poloz and a number of Bay Street economists have been at odds this year over what shade to use when colouring the spaces around the outlook for the Canadian economy.

Within a couple of hours of the release, some on Bay Street were shifting their predictions of when the Bank of Canada will next raise interest rates to next month (the scheduled date for any changes is Sept. 6) from October.

«The software we built while working at GemStone was for large corporations — especially Wall Street banks — and that wasn't very rewarding,» Passmore says.

The dark days of the financial crisis seem to be over for North American banks with one analyst telling CNBC that rising interest rates will boost margins and increase optimism after a period a readjustment for Wall Street lenders.

This was news to me when I first heard about the so - called «diversity fellowship» programs that are popping up all over Wall Street these days and that offer signing bonuses to selected undergrads and MBA students that meet the banks» criteria for «diversity.»

For one thing, Wall Street firms and banks, which all but disappeared from the recruitment scene for two years, are back in forFor one thing, Wall Street firms and banks, which all but disappeared from the recruitment scene for two years, are back in forfor two years, are back in force.

Bank of America Corp is also reducing bonuses for investment banking and trading staff, the Wall Street Journal reported.

According to Bloomberg, Tim Leissner, once the chairman of Goldman's operation in Southeast Asia and husband of former U.S. model and designer Kimora Lee Simmons, resigned in January after bank investigators found he allegedly violated firm policies, but continued to work for the bank until Feb. 23, according to The Wall Street Journal.

«Banks are still a dominant hiring force for MBAs and continue to attract top talent, but working for larger, established companies off of Wall Street is becoming more attractive to MBAs as they offer a different type of lifestyle,» Scott Rostan, founder and CEO of Training The Street, a company that offers technical training to financial firms and business schools, said in a statement.

Even bitcoin booster and investor Barry Silbert has argued that the next stages of bitcoin's development will involve big Wall Street banks getting in on the action by, for instance, setting up ETFs and other products that will facilitate the currency's rise.

A representative for Goldman Sachs told The Wall Street Journal on Monday that the banking giant is considering starting its own Bitcoin operation.

Cryptocurrencies have been drawing significant interest over the last several months, according to Charles Bovaird, a financial writer and consultant who has worked for State Street, Moody's and Citizens Commercial Banking.

On years of suspicion over inflated metal prices, the CFTC has put Wall Street banks on notice for a possible probe into their metals warehousing businesses.

This is a perfect example of how you eviscerate a Wall Street bank, or any other company for that matter.

It's nearly outpacing mortgage lending for the first time since the 1980s, the Wall Street Journal reports, and it accounts for 21 percent of all outstanding loans from banks.

«For too long, Wall Street banks and the financial industry wrote their own rules while no one was looking out for small businesses and consumers,» said David Borris, an executive committee member of the Main Street Alliance, a national advocacy organization, in a statemeFor too long, Wall Street banks and the financial industry wrote their own rules while no one was looking out for small businesses and consumers,» said David Borris, an executive committee member of the Main Street Alliance, a national advocacy organization, in a statemefor small businesses and consumers,» said David Borris, an executive committee member of the Main Street Alliance, a national advocacy organization, in a statement.

The day before shareholders voted 99.8 % in favour of the merger, Canadian Business sat down for an exclusive interview with the power brokers behind Bay Street's most recent high - profile partnership to discuss the deal, investment banking, the economy and life on the Street.

The Wall Street giant has named Samik Chandarana, an 18 - year veteran at the bank, as head of analytics and data science for the corporate and investment bank, a newly created position according to an internal memo seen by Business Insider.

After Tuesday's Senate hearing, it has become clear that with an easy - to - understand issue, a political firestorm, and missteps by the bank that exemplify Americans» worst notions of Wall Street, everything that could go wrong for Wells Fargo did.

Prior to joining State Street, she served as VP for Bank of America's China Construction Bank Program.

All companies approved for a loan through Bond Street are guaranteed to receive their capital within less than one week, as opposed to the weeks or months they'd typically have to wait by going to a traditional bank.

Like other Wall Street banks, JPMorgan acts as an agent for buyers and sellers of Bitcoin XBT, an exchange - traded note designed to track the value of the crypto currency.

This is a pretty significant move because a futures market would make it easier for big banks and retail investors to trade bitcoin — AKA letting Wall Street play.

In recent weeks, a number of Wall Street analysts who follow Wells Fargo have pushed for the bank not only to push out Stumpf, but to also scrap its long - established succession plan, which included Sloan.

Just over a month ago Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG, and State Street joined UBS and BNY Mellon in a project to launch a cryptocurrency — the «utility settlement coin» — set for a limited back - end run by 2018.

By using their own models, big Wall Street banks can, for instance, minimize their capital requirements by combining the potential risk of two trading positions that offset one another, rather than holding capital against the risk of each one going sour.

NEW YORK (Reuters)- A group of small brokerages and large commodities companies convinced lawmakers to tweak a rule that they say would have made derivatives trading more expensive for them and sent more business to Wall Street banks that already dominate the market.

It is already one of Wall Street's buzzwords, and there are some who think it could have game - changing ramifications for the banking industry.

A legion of Canadian corporations recently acquired new CEOs: Guy Laurence joined Rogers (which owns this magazine) last December, one month after BlackBerry brought in turnaround artist John Chen to fix its ailing smartphone business; at TD Bank, Bharat Masrani spent a year (some might say his entire career) preparing to take over for Ed Clark, while across the street at CIBC, internal candidate Victor Dodig was given just six weeks before he replaced Gerald McCaughey.

Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive.

We spoke with three senior Wall Street executives who oversee equity capital markets operations for major banks about Spotify's direct listing.

Lasswell has also arranged for officers to visit traders on Wall Street to get a lesson in how to make fast decisions based on information flowing in through banks of monitors — which may be exactly the way colonels operate in future conflicts.

Wall Street stock futures are lower this morning over renewed fears for the global economy after some weak Japanese economic data and some routine gloom from the Bank of England, which is worried, among other things, by the potential impact of the U.K.'s vote on whether to leave the E.U..

While Trump has accused Wall Street of trying to ruin the country on the election trail, investors banking on the fact that the next president will be good for nation's biggest lenders.

When Congress crafted the Dodd - Frank bill of 2010 to overhaul the financial system it had Wall Street in mind, not the thousands of small and medium banks that help Average Joes across America — and especially in rural areas — pay for a car, a house or a new investment for their local business.

J.P. Morgan's provision for compensating employees who leave to serve in government — a practice so common on Wall Street that it has become known as the proverbial «revolving door» — has become a point of contention in recent years, not only at the bank but for the industry as a whole.

She began her career as a scientist at IBM's TJ Watson Center and has also worked on Wall Street as a technology executive for global banks including Bank of America Merrill Lynch.

For Main Street startups, bank loans remain hard to come by.

And it had earned a reputation for bullying critics on Bay Street into silence, which it could do because the big banks were hooked on CMHC insurance.

BofA is joining firms across Wall Street in paring back staff amid one of the worst quarters for investment - banking and trading revenues.

IBM (ibm), for example, acquired Wall Street compliance firm Promontory Financial Group late last year in a push to bring the tech company's AI platform, Watson, to banks and hedge funds.

Sanders also has been a vocal critic of Wall Street and champion of financial reforms, and his stance on those issues has drawn attention to Clinton's cozy relationship with Wall Street executives and the huge paychecks she has received for speeches to large banks since leaving the U.S. State Department.

Before coming to Crain's New York Business in 2003, he wrote «Heard on the Street» columns at the Wall Street Journal, covered bank mergers for American Banker, and got his start reporting on downstate Illinois graft and corruption for Illinois Times in Springfield.

Wall Street bank JP Morgan is planning to move hundreds of employees from London into the rest of Europe in the «short term» as it prepares for the UK to leave the Single Market.