Banks are the ‘dragging limb’ of Europe—so why are they paying dividends? – CNBC

However, SocGen was highlighted as a bank that might struggle after a hypothetical adverse shock in the European Banking Authority (EBA)’s latest stress tests. In the scenario study, Societe Generale’s transitional fully-loaded common equity capital ratio – a key measure of a bank’s ability to withstand shocks — would fall to 8.03 percent, making Societe […]

Asia markets lower as traders eye Yellen’s speech at Jackson Hole on Friday – CNBC

Asian markets mostly retreated on Monday, with traders likely holding their horses ahead of a speech from Federal Reserve chair Janet Yellen at Jackson Hole on Friday. In Australia, the ASX 200 closed down 11.58 points, or 0.21 percent, at 5,515.10, erasing modest gains from the morning session, with the energy and materials sectors shedding […]

AP PHOTOS: Editor Selections From the Past Week in Asia – ABC … – ABC News

India and Indonesia both held Independence Day celebrations last week. India, which gained independence from British colonial rule on Aug. 15, 1947, marked the day with cultural and military parades, colorful festivals and political speeches. Prime Minister Narendra Modi addressed the nation, saying that India would not bow to extremism and calling for young people […]

Welcome to the ‘self-driving car of finance’ – Business Insider – Business Insider

Welcome to the ‘self-driving car of finance’ – Business Insider – Business Insider

A rendering of DNA. Shutterstock Everyone is talking about blockchain. The nascent technology has the potential to allow a digital asset to be securely and seamlessly transferred from one party to another, eliminating the need for third-party intermediaries and shortening settlement time to seconds. Based on recent data, the estimated annual budget for blockchain initiatives […]

"The Essence of Finance Is Time Travel" – Lifehacker

"The Essence of Finance Is Time Travel" – Lifehacker

Balancing your budget seems like a simple task. Just spend less than you earn, right? If you’ve ever wondered why such a simple task can become so complicated, it’s because optimizing your financial life involves a fair bit of time travel. There are a couple of scenes in Back to the Future III where Doc […]

Divided America: Diverse Millennials Are No Voting Monolith – ABC News

America’s oldest millennials — nearing 20 when airplanes slammed into the World Trade Center — can remember the economic prosperity of the 1990s, and when a different Clinton ran for president. The younger end of the generation — now nearing 20 — can’t recall a time without terrorism or economic worry. Now millennials have edged […]