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BankingTech FinTech

Morgan Stanley’s Mike Wilson: We want rates to adjust based on economic outlook

February 25, 2021 at 10:30PM Mike Wilson, chief investment officer and chief U.S. equity strategist at Morgan Stanley, says he believes rates will continue to rise. He says he likes areas that are favorable to the recovery such as banks, energy, and cyclical parts of technology like semiconductors. He joins 'Closing Bell' to discuss. via Banks https://cnb.cx/37KryTB
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BankingTech FinTech

Fintech firm Klarna is raising $1 billion at a $31 billion valuation, sources say

February 25, 2021 at 05:15PM Klarna is one of the world's largest providers of "buy now, pay later" services. via Banks https://cnb.cx/3qW8idE
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BankingTech FinTech

The wealthy are borrowing billions against their art collections and lenders are reselling the debt

February 25, 2021 at 01:00PM The move to borrow against collections creates the risk of a leveraged boom and bust in the art market. via Banks https://cnb.cx/2ZRmnNE
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BankingTech FinTech

Stock markets ‘look frothy,’ but Standard Chartered CEO sees no reason to panic over inflation

February 25, 2021 at 08:35AM Standard Chartered on Thursday warned stock market valuations appear to have reached unsustainable levels amid a period of "speculative hype." via Banks https://cnb.cx/2ZLByrD
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BankingTech FinTech

Singapore’s UOB bank wants to focus on growing its wealth business

February 25, 2021 at 08:14AM Wealth management is a growing business in Asia and has been a significant contributor to UOB's overall returns, says Lee Wai Fai, the bank's group chief financial officer. via Banks https://cnb.cx/2ZNXdzj
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BankingTech FinTech

Two pros debate whether tech or bank stocks are a better bet for investors

February 24, 2021 at 12:16PM Tech stocks extended their recent slump Tuesday while money has been rotating into areas like financials. Greg Branch, managing partner at Veritas Financial, and Paul Meeks, portfolio manager at Independent Solutions Wealth Management, joined "Squawk Box" on Wednesday to discuss where investors can find the best bets. via Banks https://cnb.cx/3bP9IQX
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BankingTech FinTech

‘The trough has been reached,’ Singapore’s OCBC Bank says after earnings release

February 24, 2021 at 06:45AM Samuel Tsien, group chief executive of OCBC, discusses the bank's latest financial results. The second-largest bank in Singapore reported a 9% year-on-year decline in fourth-quarter profit. via Banks https://cnb.cx/3qRFzGJ
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BankingTech FinTech

The worst is behind HSBC, Macquarie Capital says

February 23, 2021 at 10:11AM The worst is over for HSBC, according to the Asia's Head of Financials Research of Macquarie Capital, Scott Russell, as the downside risk of the past year is now significantly reduced. via Banks https://cnb.cx/3dENHqw
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BankingTech FinTech

HSBC announces changes to dividend policy as 2020 profit beats forecast

February 23, 2021 at 06:26AM HSBC reported a 34% drop in 2020 pre-tax profit to $8.78 billion and announced an interim dividend of 15 cents per share. Richard Harris of Port Shelter Investment Management weighs in. via Banks https://cnb.cx/3qFXZdv
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BankingTech FinTech

Rising yields are accelerating a major leadership change: Wall Street bull Julian Emanuel

February 22, 2021 at 11:37PM While rising Treasury yields create jitters on Wall Street, BTIG's Julian Emanuel is looking to put money to work outside of Big Tech. via Banks https://cnb.cx/2NOdqSj