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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

Harvard Professor Hal Scott Questions Usefulness Of "Stress Testing" Banks

Hal Scott, Harvard professor, told Yahoo! Finance (Yahoo! Inc. (NASDAQ: YHOO) the much ballyhooed bank stress tests will effectively do nothing to avert another financial crisis......»»

Category: blogSource: benzinga4 hr. 28 min. ago

McCormick Can Hit Long-Term Targets, Deutsche Bank Says

McCormick & Company, Incorporated (NYSE: MKC) is scheduled to announce its second quarter financial results next Thursday. Ahead of the report, Deutsche Bank analysts Mario Contreras and Kanika Goyal shared a preview of the results. Latest Ratings for .....»»

Category: blogSource: benzinga4 hr. 28 min. ago

Central banks ready to cooperate after Brexit result

ZURICH (Reuters) - Central banks are ready to cooperate to support financial stability in the wake of Britain's vote to leave the European Union, the Bank for International Settlements said on Saturday......»»

Category: topSource: reuters4 hr. 28 min. ago

Stockman: "At Last The Tyranny Of The Global Financial Elite Has Been Slammed"

Submitted by David Stockman of ContraCorner Bravo Brexit! At long last the tyranny of the global financial elite has been slammed good and hard. You can count on them to attempt another central bank based shock and awe campaign to halt and rever.....»»

Category: blogSource: zerohedge4 hr. 54 min. ago

McCormick Can Hit Long-Term Targets, Deutsche Bank Says

McCormick & Company, Incorporated (NYSE: MKC) is scheduled to announce its second quarter financial results next Thursday. Ahead of the report, Deutsche Bank analysts Mario Contreras and Kanika Goyal shared a preview of the results. According to a report .....»»

Category: earningsSource: benzinga5 hr. 27 min. ago

Central banks ready to cooperate after Brexit result

Central banks are ready to cooperate to support financial stability in the wake of Britain's vote to leave the European Union, the Bank for International Settlements said on Saturday. Central bankers gathered at the organization's global economy.....»»

Category: topSource: yahoo6 hr. 10 min. ago

Two Dividend Stocks For Good And Bad Times

With financial markets on the edge following Brexit, investors have found themselves between a rock and a hard place: a turbulent equity market in which stocks drop by double digits in a few hours, and bank accounts that pay next to nothing in returns. Bu.....»»

Category: topSource: forbes8 hr. 54 min. ago

China"s central bank to study Alibaba"s banking activities

Alibaba engages in activities that fall under the Financial Stability Board's definition of shadow banking and are subject to different capital requirements.....»»

Category: topSource: business-standard10 hr. 11 min. ago

"Being unorthodox on microeconomic policy is better"

RBI has been adopting more liberal attitudes towards bank licensing, towards financial inclusion, & towards payment technologies in order to foster growth.....»»

Category: topSource: business-standard10 hr. 11 min. ago

The Real Brexit "Catastrophe": World"s 400 Richest People Lose $127 Billion

For all the scaremongering and threats of an imminent financial apocalypse should Brexit win, including dire forecasts from the likes of George Soros, the Bank of England, David Cameron (who even invoked war), and even Jacob Rothschild, something "unexpec.....»»

Category: blogSource: zerohedge10 hr. 54 min. ago

Moody"s cuts UK"s credit outlook as Brexit wipes $2T off markets

Amid fears that Brexit vote risks sparking fresh financial crisis, Bank of England governor says it is ready to do whatever is needed.....»»

Category: topSource: moneycentral17 hr. 54 min. ago

Moody"s cuts UK"s credit outlook as Brexit wipes $2T off markets

Amid fears that Brexit vote risks sparking fresh financial crisis, Bank of England governor says it is ready to do whatever is needed.....»»

Category: topSource: moneycentral17 hr. 54 min. ago

Citi CEO: Bank "well positioned" after Brexit vote, Business Insider 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: theflyonthewallJun 24th, 2016

Deutsche Bank's Restructuring Plans in Germany on Track - Zacks.com

Financial TimesDeutsche Bank's Restructuring Plans in Germany on TrackZacks.comDeutsche Bank AG (DB - Analyst Report) disclosed detailed restructuring moves on Thursday for revamping the commercial and private banking business in Germany. The company&.....»»

Category: topSource: googlenewsJun 24th, 2016

Post-Brexit Market Turmoil Hits Bank Stocks the Hardest

Britain's vote to leave the EU triggered massive volatility in financial markets. It’s hardly a great day for any kind of stocks today, but bank and other financial stocks are getting trashed more than most in the wake of the U.K.’s decisi.....»»

Category: europeSource: fortuneJun 24th, 2016

Deutsche Bank well prepared for Brexit, uncertainty a challenge -CEO - Reuters

Financial TimesDeutsche Bank well prepared for Brexit, uncertainty a challenge -CEOReutersFRANKFURT, June 24 Deutsche Bank's Chief Executive John Cryan said that Germany's flagship lender, which has a strong presence in the UK, was well prepared f.....»»

Category: topSource: googlenewsJun 24th, 2016

[podcast] BBVA’s Scarlett Sieber on the building of a consumer banking ecosystem

BBVA is very active in building the bank of the future BBVA’s Scarlett Sieber Spain-based BBVA is one of the most creative and aggressive global banks when it comes to investing in new financial technology. In part, that’s because they hav.....»»

Category: blogSource: TradestreamingJun 24th, 2016

BoE to use extra £250 bln to help markets

The Bank of England is ready to provide additional funds to support financial markets after Britain voted to leave the European Union, governor Mark Carney says. (ROUGH CUT ONLY - NO REPORTER NARRATION).....»»

Category: videoSource: reutersJun 24th, 2016