banks

Despite Sharp Drop Dow Jones Rebounds

Despite Sharp Drop Dow Jones Rebounds

Following major sell-offs, U.S stocks are in distress. The Dow Jones average has taken a big hit marking a record high of more 1,500 point drop. Investors have attributed this sharp drop to the recent change in the bond market. Yields on the 10-year..

Wall Street Veteran Predicts Bitcoin Value to Drop by 90%

Wall Street Veteran Predicts Bitcoin Value to Drop by 90%

Bitcoin is becoming increasingly popular and drawing investors by the number because of the significant returns in bitcoin investments over the past six years. Bitcoin is emerging as a strong contender in several aspects of finance such as investmen..

Second Major Cryptocurrency Ripple May have Made a Premature Leap

Second Major Cryptocurrency Ripple May have Made a Premature Leap

The digital currency wave seems to have pushed ahead of its cryptocurrency opponents, primarily because it is associated with key institutions, and hence has a stamp of practicality and legitimacy.But cryptocurrency enthusiasts claim that centraliza..

Teva Pharmaceuticals to Cut 25% of Jobs

Teva Pharmaceuticals to Cut 25% of Jobs

Teva Pharmaceutical Industries Ltd (NYSE: TEVA), based in Israel, is one of the world’s largest makers of generic drugs. The pharmaceutical giant has had a rough year, facing declining prices for generic drugs and the loss of a major branded d..

HSBC ahead in Foreign Investment

HSBC ahead in Foreign Investment

HSBC has a three year head start on their foreign investment banking competitors in China due to their management control of their securities venture. Currently, non Chinese groups are limited to only 49% per cent stakes in joint ventures. However, ..

Analysts Fear for the U.S. Dollar's Status as World Reserve Currency

Analysts Fear for the U.S. Dollar's Status as World Reserve Currency

It is no secret that world over, the U.S. dollar enjoys the pride of place. Central banks use the dollar as the world reserve currency and when you look at the transactions that take place across the globe, nearly 90% of them are carried out in U.S...

Federal Reserve’s New Rule to Help Unwind Big Banks

Federal Reserve’s New Rule to Help Unwind Big Banks

On Friday, The Federal Reserve finalized a new rule that would make it easier to unwind important U.S. banks by creating a safe harbor for financial contracts after a firm defaults. This decision was unanimously approved by Federal board members and..