The Week in advance – economic facts and significant bank Chatter in awareness
It was a week in advance for the Financial Times’ Banking Round-Up, which takes place on Friday morning at 9am GMT. This is an important period of time in times of economic uncertainty and it’s the perfect opportunity for those investors to get ahead of the curve and consider their financial situation at face value. However, with so many key events on tap this weekend, its not going to be easy to pick just one or two. So, its quite likely we will see some of these headline developments throughout the bank round-up.
Evaluation Of A Proposed Merger Between Credit Suisse AG & BBVA USA And BNP Paribas
Credit Suisse & BlackRock are the largest shareholders of BBVA Group, meaning that the merger between the two banks could be significant for both groups. Given that BBVA is one of the few global conglomerates that is undergoing structural changes at all levels, including cutting costs, this could mean a big boost in shareholder wealth here at home. There have also been rumors that BBVA has taken a different approach to mergers and acquisitions, potentially being more willing to engage US private equity firms and other sponsors to help take the company to new heights (BBVA is now looking at a $4.7 bn target). By merging with Credit Suisse, BBVA would increase its exposure to American markets to more than 50%.
The European Union Is Not About To Resume Brexit Talks With Britain. Here’s Why That Might Be
With just five months left before Brexit ends on 31 December 2021, talks between the UK and EU have become increasingly difficult, with a last minute deal possible in coming days. While there are still hope that the two sides can find an agreement to end negotiations without a major rift, this time around that might not be enough to ensure any sort of trade deal at all. Despite the fact that the UK left the bloc at the beginning of this year, the country is yet to leave, as they believe the best course of action will be to push through the divorce. The current plan could involve a 2-track agreement that preserves parts of the Brexit deal but does away with others. As with everything else, this comes down to timing, and what is the best way to make sure your finances and portfolio are safe and sound. The sooner you understand your position, the better chance you have of having peace of mind. This is why the EU needs to prepare and prepare well for the implications that it could face in case negotiations fail again.
Moody’s Warned Of Risks As Well As Opportunity By China Banks, After Suspension In Hong Kong
After a short while, Moody’s warned of ‘significant risks’ as well as opportunities for Chinese banks after suspending operations in the city of Hong Kong after almost 15 years on September 1st, 2020. The investment grade rating agency said that the move may come as a relief to local borrowers, but the announcement also caused further concerns over the economy and how the government’s actions will impact the property market. These are factors which Moody’s said will be taken into account when assessing any potential future growth for Chinese commercial real estate developers. For now, any signs that Beijing will be back to favouring the British economy over anything related to politics is not good news. We had already given some warning about Moody’s downgrade for Asia-Pacific and how it was set to cause a headache for Chinese lenders. Now the same thing has happened here and no one knows whether the negative attention could have a knock-on effect on companies such as Goldman Sachs, JP Morgan Chase, Nomura, Sotheby’s International Realty, and HSBC Holdings. This is why foreign investors should look carefully at investing in emerging economies, especially if they want to diversify.
Bank Chatter On Big Data Leaks Threaten Investors
It’s always nice when large corporations publish their weekly updates with a new score card of data points and trends. But unfortunately it looks like Bank of America has done something very similar. Specifically, the bank has released a report on this and according to the Wall Street Journal, the data will give a snapshot of where the firm holds its clients’ money. Unfortunately, the list contained information on how the banking and credit unions were able to get access to their customers’ debit and credit card accounts. The issue is that as soon as a customer pays by credit card for a particular service, their card company gets their business and contacts their payment method’s network administrator. Eventually, this process leads to a copy of the personal details on the individual card. If you have ever used Google Pay, Tala, Uber, Facebook Messenger, Apple Pay, etc., this shouldn’t come as a surprise. As such, when you pay the bill without even noticing it, this information is kept on your phone and it never leaves your finger tip. All this happens when you don’t realise it’s all connected to your data and the banks, credit union, online retailer, etc. are simply getting hold of your personal info. The problem with the trend is that, even though you are paying with a debit card, there is a high probability you know at least a little bit of what’s in it. You just aren’t making full use of it and this means more interest rates, higher fees, and less control over your money. The upshot is that people need to act quickly to avoid this happening. What you need to do is to protect yourself against it. So what you need to do is to ensure you stay informed about how much activity you’re doing and how long it’s taking. When you know what you’re getting, you can be far ahead from hackers trying to steal your funds.
Bank Chatter Ahead Of No Deal Brexit Trade Talks Have Been ‘Uselessly’ Delayed, Says Lord Frost
So how exactly can this situation affect your savings and investments here? Apparently, the only way people will be affected is if there is another post-Brexit split. Even then, you would definitely notice a difference. At a moment’s note we are at a point where you’ll start seeing the true effects the consequences of leaving the EU will have on various aspects of our banking and credit union landscape. Therefore, it’s vital to make sure you make smart decisions before the event. Otherwise, let me predict, you could end up back here. Therefore, people need to be alert and aware of how this could play out. Make sure you plan out what you are buying, what services you want to keep and use them when the UK and EU finally strike a deal. Your main focus will be on things like cash flow management, interest income, and balance sheet protection. I know that these areas are often overlooked but they will pay off in ways that you may not anticipate and will have to address them as far back as you can.