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Living near a lottery winner has a surprising downside

When people win the lottery, their less-lucky neighbors often drive themselves into financial ruin trying to keep up, according to a provocative new study from the Federal Reserve Bank of Philadelphia. The more money the lottery winner gets, the worse off.....»»

Category: topSource: moneycentralFeb 17th, 2016

Deutsche Bank Sees PNC As Biggest Winner From Fed"s Rate Hike

PNC Financial Services Group Inc (NYSE: PNC) was viewed as the biggest winner from the Federal Reserve's rate hike by Deutsche Bank on Wednesday. Deutsche Bank released its industry report indicating that analysts expect the largest bank increase at PNC .....»»

Category: blogSource: benzingaDec 17th, 2015

The Wall Street Journal: China’s central bank moves to deflate bond speculation

China’s central bank has made a subtle change to the way it supplies the financial system with cash, a move that market watchers see as an attempt to cool investments in assets such as bonds, which have ballooned on an influx of cheap, short-term money......»»

Category: topSource: marketwatch33 min. ago

Why Fintech Startups Are Flocking to a 124-Year-Old Bank in Kansas

An ex-Google engineer is reimagining banking for the digital age. Few people have probably ever heard of Weir, Kansas: population 661, the place where the flyswatter was invented in 1906, and these days, a major hub for financial technology innovati.....»»

Category: europeSource: fortune5 hr. 6 min. ago

Stonegate Bank acquiring Insignia Bank

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewall6 hr. 6 min. ago

China moves to fend off financial risks

Unveils detailed rules to fend-off an unruly peer-to-peer lending sector, central bank signals concern over short-term borrowing.....»»

Category: topSource: business-standard7 hr. 49 min. ago

Royal Bank of Scotland Group PLC (RBS): How Viable is Private Ownership Goal?

Royal Bank of Scotland Group PLC (NYSE:RBS) will take some time to come out of the shadows of the massive bailout after the 2008 financial crisis. The British taxpayers need to wait before they get back the money, used to save the bank from bankruptcy. We.....»»

Category: topSource: bidnessetc9 hr. 49 min. ago

Royal Bank of Scotland: How Viable is Private Ownership Goal?

Royal Bank of Scotland Group PLC (NYSE:RBS) will take some time to come out of the shadows of the massive bailout after the 2008 financial crisis. The British taxpayers need to wait before they get back the money, used to save the bank from bankruptcy. We.....»»

Category: topSource: bidnessetc10 hr. 49 min. ago

Royal Bank of Scotland Group PLC: How Viable is Private Ownership Goal?

Royal Bank of Scotland Group PLC (NYSE:RBS) will take some time to come out of the shadows of the massive bailout after the 2008 financial crisis. The British taxpayers need to wait before they get back the money, used to save the bank from bankruptcy. We.....»»

Category: topSource: bidnessetc11 hr. 32 min. ago

How UBS Could Change the Way the World’s Biggest Banks Do Business

With digital cash. Swiss bank UBS ubs is leading a team of four of the world’s biggest banks developing a system to enable financial markets to make payments and settle transactions quickly using blockchai.....»»

Category: europeSource: fortune11 hr. 49 min. ago

Bank of America leads early option block activity

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewall13 hr. 32 min. ago

Express downgraded to Hold from Buy at Deutsche Bank

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewall13 hr. 32 min. ago

Deutsche Bank ups targets on four energy explorers

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewall15 hr. 49 min. ago

Stratasys technology interesting, but industry still paused, says Deutsche Bank

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewall16 hr. 6 min. ago

Best Buy price target raised to $41 from $32 at Deutsche Bank

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewall16 hr. 6 min. ago

Royal Bank of Canada raises quarterly dividend to C$0.83 per share

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewall17 hr. 32 min. ago

Bank of Montreal maintaining "active dialogue" for acquisitions, Reuters reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewall17 hr. 32 min. ago

Royal Bank of Canada reports Q3 cash EPS C$1.76, consensus C$1.33

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewall17 hr. 32 min. ago

UBS leads team of banks working on blockchain settlement system

LONDON (Reuters) - Swiss bank UBS is leading a team of four of the world's biggest banks developing a system to enable financial markets to make payments and settle transactions quickly using blockchain technology......»»

Category: topSource: reuters17 hr. 32 min. ago

PBOC liquidity injection today, 7- and 14-day reverse repos

The People's Bank of China injected funds into money markets today, increasing liquidity, using both 7 day and 14 day reverse reposMike sounded the warning bell during the Chinese afternoon yesterday PBOC gauges demand from financial.....»»

Category: futuresSource: nasdaq21 hr. 6 min. ago