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Category: FINANCE

IBM Partners Bank of America to Develop World’s First Financial Services-Ready Public Cloud for Banks

International Business Machines Corp, IBM, IBM Corp, Bank Of America Corp, Cathy Bessant, Capital One Financial Corp, IBM Cloud, Financial Cloud, Industry Specific Cloud, Financial Services, fintech, Cloud Native, Cloud Computing, Cloud Security

IBM, Bank of America collaborate to build financial services-specific cloud. Bank of America and IBM, along with IBM’s regulatory compliance arm Promontory Financial Group, have partnered to build a cloud for banks that has security, privacy and bank-specific regulatory compliance built in. “INDUSTRY CLOUD” in Financial service industry, first of its kind in the constantly […]

United States Treasury Dept Officially Tags China as Currency Manipulator

bonds, funds, markets, trading, investments, investing, trade, tradewar, yields, treasuries, china, currencies, fx, yuan, dollar, recession, interestrates, china, tradewar, markets, fed, fed policy, trump, Jerome Powell, united states treasury department

In a first since 1994, the U.S. Treasury Department declared China a “currency manipulator” — after the country let the yuan to fall to its lowest level against the dollar since 2008. China also confirmed that it is suspending purchases of U.S. agricultural products, as a response to President Trump’s new 10% tariffs on another […]