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Bank Shot: Canada may be a laggard, but these B.C. fintechs are ready for open banking

BCBusiness | Michael McCullough | Oct 20, 2020 Will COVID-19 be the shock that finally shakes up our stodgy (and expensive) payment systems? If you’re like me, you have a small pile of change on your dresser or bedside table. It’s been making the rounds of your pants and jacket pockets for months. As the


The post Bank Shot: Canada may be a laggard, but these B.C. fintechs are ready for open banking first appeared on National Crowdfunding & Fintech Association of Canada.

5 years ago

Goldman is clawing back millions in pay from CEO David Solomon, Lloyd Blankfein and others

The punishment meted out by the board of the New York-based bank may be viewed as an indirect acknowledgement that Goldman's leaders had some responsibility for the episode.

5 years ago

What’s a custodian bank do in a blockchain world?

DigFin |Oct 21, 2020 BNP Paribas Securities Services is reinventing a bank’s value where processing is no longer needed. One of the benefits of blockchain-based projects at Australia Stock Exchange and Hong Kong Stock Exchange is they will eliminate the bulk of post-trade processing. No more reconciliations between investors, corporates, brokers and custodians – because


The post What’s a custodian bank do in a blockchain world? first appeared on National Crowdfunding & Fintech Association of Canada.

5 years ago

Goldman is clawing back or cutting millions in pay from CEO Solomon, Blankfein and others over 1MDB

The punishment meted out by the board of the New York-based bank may be viewed as an indirect acknowledgement that Goldman's leaders had some responsibility for the episode.

5 years ago

Unemployment claims are down. It’s not all for good reasons

About 1 million fewer workers were collecting state unemployment benefits the week of Oct. 10 relative to the week prior, the Labor Department said Thursday. Much of that reduction likely isn't attributable to people returning to work.

5 years ago

How to snare more income from your investments in a time of low Treasury yields

With yields near zero on the historical benchmark for safe income — U.S. Treasurys — investors may need to add some risk to the income portion of their portfolio.

5 years ago

JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchants

JPMorgan Chase is making a play to sell more services to millions of American small business owners, CNBC has learned.

5 years ago

Don’t call it a fad. Ethical investing is here to stay

With billions of dollars pouring into ESG investments — a strategy that weighs a company's environmental, social and governance factors — it's unlikely this trend will be going away any time soon, according to speaker's at the Oct. 20 CNBC Financial Advisor Summit.

5 years ago

Restless Americans map out road trips despite misgivings

After months of quarantine and canceled vacations, wary Americans are ready to plan trips again. However, they remain doubtful they'll actually be able to travel and are often waiting till the last minute to book, according to a survey from AAA. When they do head out, it will likely be by car.

5 years ago

‘Black Panther’ star Chad Boseman died without a will. Here’s why you should have an estate plan

If you aren’t prepared, your financial life could turn upside down because of an unanticipated event. Or, decisions about your estate or your heirs could be made by a complete stranger.

5 years ago

Thinking about tapping your 401(k) due to Covid? Here's what you need to know

The CARES Act made it much easier for Americans to draw down their retirement accounts through coronavirus-related distributions or loans. Here's what to know before taking money out of a 401(k), according to participants at the 2020 CNBC Financial Advisor Summit.

5 years ago

How Trump and Biden economic and tax plans differ in ways that could impact Main Street

The 2020 election choices are stark in Donald Trump versus Joe Biden, and on issues of taxes and the economy deciding on a vote has rarely been harder for business owners.

5 years ago

How to invest ahead of the 2020 election, according to top advisors

Infrastructure, renewable energy and technology stocks will be among the big winners with a potential Biden win. On the flipside, defense and financial stocks with benefit under a Trump administration, experts say.

5 years ago

Bitcoin price hits record high for 2020 after PayPal finally adds cryptocurrency

Business Insider | Ben Winck | Oct 21, 2020 Bitcoin leaps to highest since July 2019 after PayPal opens service to cryptocurrencies Bitcoin spiked as much as 8% higher on Wednesday after PayPal revealed it will soon allow users to buy, sell, and hold the popular cryptocurrency. The leap pushed bitcoin to an intraday peak


The post Bitcoin price hits record high for 2020 after PayPal finally adds cryptocurrency first appeared on National Crowdfunding & Fintech Association of Canada.

5 years ago

Will my Social Security be enough? How financial advisors can prepare clients for what's coming in retirement

Headlines about Social Security may prompt fears that it won't be there for retirees when they need it. Here's how advisors can demystify the latest news, and help clients come up with retirement income plans they can count on.

5 years ago