A body set up by US Government called AARC (Alternative Reference Rate Committee) want to replace LIBOR with a new broad Treasuries repo rate. The new method will work according to an article in Business Insider by reflecting how much it costs to borrow cash secured against US government debts. The ARRC is a group […]
Bank of America Corp has opened three automated branches over the past month, where customers can use ATMs and have video conferences with employees at other branches according to Reuters.
A new Accenture survey say 1/3 of global consumers open to switch to tech companies like Google, Facebook or Amazon over traditional banks. In Brazil 50% would like to switch. 29% would switch for insurance. Source http://www.reuters.com/article/us-wealth-financialservices-survey-idUSKBN14V2I2