Markets News Regulators 

European Central Bank in no hurry to yank stimulus

“In particular, the bank warned that many eurozone banks are still burdened by bad loans and low profitability” reports foxbusiness.com. Draghi’s news conference could give a better sense of whether the central bank would see 1.8 percent as a sign it had carried out its mandate.So far, markets have not been spooked by the planned withdrawal of stimulus measures by the ECB and the U.S. Federal Reserve. Source: foxbusiness.com Share This:

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News 

In Export-Import Bank fight Mike Rounds chooses banks over conservatism

“Republican Mike Rounds was elected to the Senate by the people of South Dakota, but you could be forgiven for believing this week that he represents the banks” writes Timothy P for washingtonexaminer.com. Rounds is perhaps the least well-known member of the U.S. Senate, and the Export-Import Bank is a fairly obscure agency, but this matter is important beyond Rounds or Ex-Im.The Export-Import Bank is a federal agency that subsidizes U.S. exports by delivering taxpayer-backed financing to foreign buyers. Source: washingtonexaminer.com Share This:

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News Oil Stocks 

Banks lead US stock indexes mostly higher in afternoon trade

“Brent crude, the international standard for oil, shed $1.35, or 2.1 percent, to close at $63.34 per barrel in London” writes The Associated Press for seattletimes.com. The Russell 2000 index of smaller-company stocks shed 1 point, or 0.1 percent, to 1,518.Banks led U.S. stocks mostly higher in late-afternoon trading Tuesday as the Federal Reserve met to discuss interest rates and the economy.Heating oil shed 2 cents to $1.93 a gallon.Banks benefit from higher interest rates because they can charge more to lend money. Source: seattletimes.com Share This:

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News 

Bank of AMAZON?

“Banks have finally gotten their act together, and that means online lenders will increasingly have to compete against these large financial institutions” writes Julie Verhage Selina for bloomberg.com. Large banks are making moves, with Morgan Stanley and JPMorgan each announcing robo-adviser versions as a way to attract younger generations and create better user experiences.Venture capital-backed fintech companies raised $4 billion in the third quarter of 2017 alone, according to CB Insights. Source: bloomberg.com Share This:

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Crypto News 

Indian Central Bank’s Bitcoin Warning: A Sign of Fear?

“Bitcoin diminishes the significance of central banks and questions the existence of government-issued currencies, or the fiat currency system” writes unknown author for cryptocoinsnews.com. On December 5, the Reserve Bank of India (RBI), the country’s central bank, cautioned investors of bitcoin, clarifying that the government is yet to regulate bitcoin and cryptocurrency exchanges within the local market.Even after the nationwide imposition of the cryptocurrency exchange ban by the Chinese government, central bank, and financial authorities, the price of bitcoin has increased from $5,000 to $12,600, peaking at $13,000 earlier today,…

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Brokers Crypto Futures News 

Big Banks Block Client Access to Sunday’s Bitcoin Futures

“The FIA, which represents big futures brokers, said they are concerned about the risk of bitcoin futures” writes unknown author for cryptocoinsnews.com. Brokers, in evaluating bitcoin futures, must consider their relationships with clients and decide if they should charge higher fees to “backstop” bitcoin futures trades.Banks’ hesitation could compromise the hotly anticipated bitcoin futures launch, which cryptocurrency advocates see as a key step in cryptocurrency’s evolution.Typhon Capital Management, a hedge fund firm, will trade Cboe’s bitcoin futures in one of its funds.A Goldman Sachs spokesperson said that given that bitcoin…

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Crypto Futures News 

Bitcoin Soars and Falls As Banks Worry About Volatility

“The concerns about its volatility have led some Wall Street banks and trade groups to raise concerns about the potential implications of trading bitcoin” writes Ken Sweet for popularmechanics.com. EST, according to large bitcoin exchange Coinbase, after briefly surging above $19,000 Thursday morning.Coinbase, the largest bitcoin exchange, at one point tweeted that record-high traffic had caused interruptions to its service.In Japan, following the failure of a bitcoin exchange called Mt.The Wall Street Journal reported that Citigroup will also not allow clients access to bitcoin futures, although a Citi spokesman declined…

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Crypto News 

Jamie Dimon: ‘I’m open-minded to uses of cryptocurrencies’ … with regulation

“JPMorgan Chase CEO Jamie Dimon seems to be softening his tone on cryptocurrencies a bit but still remains doubtful the surge in bitcoin itself is sustainable” writes Andrew Harrer for cnbc.com. The digital currency has since soared above $19,000 on some online exchanges and was trading around $15,620 Friday, according to CoinDesk.”But as I’ve said previously, I’m open-minded to uses of cryptocurrencies if properly controlled and regulated.”. “I’m not saying ‘go short bitcoin and sell $100,000 of bitcoin before it goes down,” he said in September.JPMorgan Chase announced in October…

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News Regulators 

Exactly how male-dominated are central banks? Here are the numbers.

“In 2015, there were 16 female central bank governors, chairs or presidents, out of the total of 115 central banks examined” reports washingtonpost.com. This is how we did our research Using the Central Bank Directories, we collected data on central bank leadership for 115 countries for the years 1998-2014.So exactly how male-dominated are central banks?. Within central banks, diverse committees in terms of processing information and making choices produce more efficient monetary policy decisions.In 1998, there were 39 women in leadership positions — with only seven countries appointing two or…

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