BankThink

Receiving Wide Coverage ...

Deutsche Bank Gets a Trim: After reporting a heavy 6 billion euro loss for the third quarter, Deutsche Bank announced it will cut jobs over the next two years. Deutsche will shed 9,000 full-time jobs, 6,000 external contractors and 20,000 other positions, according to the Wall Street Journal. In total, the bank employs around 100,000 people. The job cuts are part of a plan that the bank called "Strategy 2020," which should...

ThereÂ's no doubt that blockchain technology will facilitate disruptive innovations in finance, but a world of private ledgers sounds eerily similar to a range of Â"private Internets.Â"

The Democratic candidate insists Â"too-big-to-failÂ" banks are bigger than they were during the crisis, but their true sizes are masked by off-balance sheet reporting.

Breaking News This Morning ...

The New York Department of Financial Services is in for a major shake-up. The department's interim head Anthony Albanese and its spokesman Matthew Anderson have told the office of New York Governor Andrew Cuomo that they will step down. The Wall Street Journal reports their decision to leave the agency comes at a time when the NYDFS has butted heads with the governor's office more than in the past. Reportedly, Cuomo...

Receiving Wide Coverage ... Rate Rise on the Horizon? Continued global economic woes look likely to continue to put a damper on the possibility of the Federal Reserve electing to raise rates this week. Recently, China has reported soft GDP growth, and Japan eyed a major decline in export growth, the Wall Street Journal reports. Instability at the global economic level helped fuel the FedÂ's previous decision not to raise rates in September. Of course, itÂ'sÂ...