European Banks Lagging
With a cloudy economic growth outlook and talk of recession as markets head into the final months of 2019, there have been analyses pointing out that European banks are looking weak. From that, we decided to look at the banking industry players by various region and see where the growth has been. And it is […]
I Am Waiting For FinTech
Really. I am waiting to see the effects of FinTech. It was just a couple years ago when we could not read anything in the business press that was not FinTech related. There were thousands of start-ups and billion$$$ of venture money invested in the space. We were sure to see a world run on […]
The Banking Industry Continues Sending Shudders
This past week, the European banking industry continued making everyone nervous and now comes the news that Bank of America is cutting 30,000 jobs. In recent weeks, there have been a number of banks shedding non-banking operations as they line up equity to meet increased regulatory obligations. Obviously, with the banks holding the money and […]
European Banks and Nervous Markets
The roller coaster like headlines over the past week have given businesses and consumer a wild ride. If your business looks to the financial sector and banks as a source of revenue and expect growth, it is indeed a white knuckle experience. We took a look in our database of The Global 5000 to look […]
Chinese Bank Signs Deal to Buy US Branches
In a news report today, Industrial & Commercial Bank of China (ICBC) has agreed to a deal to buy US branches of Bank of East Asia of Hong Kong. ICBC is 70% owned by the government of China and is number 13 in The Global 5000 banking sector with approximately $70 billion in revenue. Bank […]