David Whiteing of CBA Says Digital Currency Tech is where the future of payments is heading David Whiteing, the CIO of the Commonwealth Bank of Australia or CBA which will soon launch Ripple technology for its subsidiaries to transfer payments between them, says that digital currency technology is where the future of payments is heading. Ripple, a peer-to-peer, distributed payments network supports both cryptocurrency and fiat currency. ...
"USD: EM and G10 Divergence. Bullish. We remain USD bulls but recognize that USD could see some correction against EUR in the near term as European yields head higher on the back of reflationary signs. This could spill over to mild weakness against other G10, but we remain bullish against EM. Higher volatility will reduce the attraction of EM carry, particularly as core yields rise across the board, narrowing interest rate differentials. In the medium term, we still expect USD to be ...
In afternoon trading on Friday, Energy stocks are the best performing sector, up 1.4%. Within that group, Transocean Ltd. (NYSE: RIG) and Newfield Exploration Co. (NYSE: NFX) are two large stocks leading the way. The next best performing sector is the Financial sector, higher by 0.5%. Among large Financial stocks, Zions Bancorporation (NASD: ZION) and The Charles Schwab Corporation (NYSE: SCHW) are the most notable. Comparing ...
Germany's biggest lender Deutsche Bank appointed John Cryan as its new CEO on Sunday after co-chief executives Anshu Jain and Juergen Fitschen resigned following criticism from investors. Cryan, 54, has been on the bank's supervisory board since 2013 and was a former chief financial officer of UBS. He will replace Jain from July 1 and become the sole CEO when Fitschen steps down next year, the bank said. Deutsche ...
Bitmine AG Goes Bankrupt, Facing Multiple Lawsuits for Non-delivery of Hardware Another Bitcoin company biting the dust; Bitmine AG, the Swiss Bitcoin mining hardware producer, has declared itself bankrupt. The company has been facing huge financial trouble and multiple lawsuits in regards to undelivered hardware and broken promises. It has now declared bankruptcy in the Swiss city of Bellinzona. The home page of the company ...
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