Piero Gallucci

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The stock market just flashed a dangerous warning signal

For months, stock market pessimists have been saying US equities are overvalued.<p>And as of this past week, they have a major piece of tangible evidence.<p>The measure in question is the so-called relative strength indicator, which indicates when the stock market has gotten too stretched in either …

The $100 Billion Reason Investors Loved Trump’s Bank Order

U.S. banks could return more than $100 billion in capital to investors if Trump succeeds in push to loosen regulation<p>The six biggest U.S. banks could potentially return more than $100 billion in capital to investors over time through dividends and share buybacks if the Trump administration succeeds …

Donald Trump

Deutsche Bank slips to £1.6bn loss in first quarter as legal bills mount

The Briton at the helm of Deutsche Bank is hoping to return the troubled German lender to profit this year after the firm suffered its second straight annual loss, hit by hefty legal costs.<p>Germany’s biggest bank posted a heavier-than-expected fourth quarter net loss of €1.9bn, much worse than the …

Deutsche Bank plunges back into the red with $2 billion loss

Deutsche Bank is firmly back in the red.<p>Germany's biggest bank posted a net loss of €1.9 billion ($2.1 billion) for the fourth quarter of last year, hit by charges that included its costly settlement with the U.S. government over toxic mortgage assets.<p>Shares in the bank dropped by nearly 6% in …

Deutsche Bank

Deutsche Bank fined for $10 billion sham Russian trades

NEW YORK/FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> has agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia, the latest in a string of penalties that have hammered the German lender's finances.<p>In two detailed …

Is the City of London going to hell in a Brexit handcart?

Shifting banking jobs out of London to Frankfurt or Paris is not the pre-Brexit start of the City’s demise. But in the Trump era, any move to New York might be<p>Is the City of London going to hell in a Brexit handcart? If you believe so, you might point to the growls from the bankers in Davos about …

Goldman Sachs

Morgan Stanley Crushes Earnings (MS) | Investopedia

Morgan Stanley (MS) stock is soaring in pre-market trading after blowing past earnings estimates.<p>For the fourth quarter of 2016, the investment bank …

Deutsche Bank: Technology Is Key in the Next Five Years

John Cryan, chief executive officer at Deutsche Bank, discusses the future of big banks and finance with Bloomberg's Tom Keene during the Future of …

Blockchain tech could save top investment banks $8 billion a year

A report from the pair, titled "Banking on Blockchain: A Value Analysis for Investment Banks," looks at real-world data from 8 of the world's top 10 banks and estimated that blockchain technology, first developed to underpin bitcoin, could cut operational costs by up to 30%.<p>That works out at …

UK economy is overheating and veering towards stagflation

Rising inflation may force the Bank of England to increase interest rates and put the brakes on growth<p>The UK economy performed surprisingly well in 2016. Indeed, when looking across the OECD economies, it is hard to find a better performer on key metrics such as growth and employment. However, when …

UK Economy

'Hard Brexit' fears end FTSE 100's winning streak as Carney hints on rates

Mark Carney has suggested interest rates could go up or down as the Bank of England strikes a difficult balance between supporting growth and managing inflation.<p>He said monetary policy could respond, in either direction, to changes in the economic outlook to ensure that inflation hovers around the …

REPORT: Brexit will move Europe's financial heart from London to Frankfurt

According to a research paper commissioned by Deutsche Boerse, and published by Professor Dirk Schiereck of the Technische Universität in the German city of Darmstadt, Brexit "will make Frankfurt the clear European centre for financial market regulation and simultaneously, Frankfurt might indeed …

Deutsche Bank, HSBC, and five other big banks are collaborating on a blockchain project

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit have all signed up to a Memorandum of Understanding, signalling that they will work together to develop and commercialize a new product called Digital Trade Chain (DTC). All the banks participating in the DTC project are …

Sterling Options Signal More Turmoil as May Speech, Ruling Loom

A measure of anticipated swings for the pound climbed to the highest in three months before U.K. Prime Minister Theresa May’s speech on Brexit plans …

Solid bank earnings push stocks mostly higher

Banks led U.S. stock indexes mostly higher Friday, propelling the Nasdaq composite index to its fourth record high this week.<p>Investors welcomed quarterly earnings from JPMorgan Chase, Bank of America and Wells Fargo, all of which reported results that exceeded Wall Street's expectations. Financial …

Markets

Third of global consumers open to Google, Amazon banking: survey

NEW YORK (Reuters) - Roughly one in three banking and insurance customers globally would consider switching their accounts to Google (GOOGL.O), Amazon (AMZN.O) or Facebook (FB.O) if the Silicon Valley giants offered financial services, according to a new survey on Wednesday.<p>The survey, conducted by …

Regulation of bitcoin trading to be stepped up - Business

China's financial market regulators are seeking opinions about how to better regulate trading of bitcoin, the virtual currency. These steps may …

Cryptocurrency

US charges three foreign exchange traders

<b>Prosecutors in the US have accused three former currency traders at major banks of trying to rig foreign exchange (forex) rates in the banking industry.</b><p>The three are Richard Usher, Rohan Ramchandani and Chris Ashton,<p>They worked at, respectively, the banks JP Morgan, Citigroup and Barclays.<p>The …

A make-or-break moment for Europe’s rules on bank crises

<i>To receive the Brussels Briefing in your inbox every morning, register for a free FT account here and then sign up here.</i><p>A disaster at Christmas may …

Europe

Snapchat becomes latest tech firm to pick London despite Brexit | Reuters

LONDON (Reuters) - Messaging app Snapchat said it would make London the home of its international operations, delivering another vote of confidence in Britain’s tech standing as the country prepares to leave the European Union.<p>The company, which has 150 million daily users globally, will book sales …

Startups

Yahoo is renaming itself Altaba, CEO Marissa Mayer stepping down, after Verizon sale

In a regulatory filing late Monday, Yahoo announced that assuming it completes its $4.8 billion sale to Verizon, it will change its name to Altaba …

Banking Regulator Sues Bank of America Over Unpaid Deposit Protection Insurance

A banking regulator on Monday sued Bank of America (bac) over $542 million in deposit insurance that it said the second-largest U.S. bank “refuses to …

Britain in 'front seat' for U.S. trade deal, top Republican says

LONDON (Reuters) - Britain will be in the "front seat" to negotiate a new trade deal with the incoming administration of Donald Trump, a top Republican in the United States Senate said, the BBC reported.<p>Senate Foreign Relations Committee Chairman Bob Corker said after meeting British Foreign …

U.S. bank regulator fines HSBC $33 million for past failings

LONDON (Reuters) - A U.S. banking regulator fined HSBC (HSBA.L) $33 million on Monday for past failings in its administration of some bank accounts, and ended business restrictions it had placed on the lender because of the problem.<p>The Office of the Comptroller of the Currency (OCC), which oversees …

FTSE 100 matches longest record-setting streak in 33-year history as pound slides on Brexit fears

7:21PM<p>Markets wrap: FTSE 100 matches longest record-setting streak in 33-year history<p>Britain’s benchmark index has matched the longest record-setting streak in its 33-year history, after it closed at a new all-time high yesterday, as the pound weakened.<p>The FTSE 100 touched a new intraday peak of …

How Barclays Stole the Blockchain Spotlight in 2016

After keeping its projects to itself in 2015, 2016 may have been Barclays's year - at least, when it came to blockchain tech.<p>According to industry …

'The bulls are out in force, there’s no stopping the FTSE'

Investors will be keeping an eye on the FTSE 100 this week as it edges towards a new record.<p>The index of Britain’s biggest listed companies ended the …

2017: Global Market Trends

<b>General Arguments</b><p>- The US dollar should continue to strengthen as the US Federal Reserve tightens and other developed/large economies (EU, China, …

Economy

What do Long, Short, Bullish. and Bearish Mean?

Definitions of Long, Short, Bullish, and Bearish<p>Learn What These Common Trading Terms Mean<p>Updated November 14, 2017<p>Trading has a language of its own. …

Pound sterling falls against 56 of 60 world currencies in a year amid Brexit instability

The pound lost at least a fifth of its value against nine significant currencies last year, according to analysis. Research by Lloyds Private Banking …