Weekly Report – October 27, 2021

  1. Home
  2. Market Updates
  3. Weekly Report – October 27, 2021

Highlight of the Week

Regulators Exploring How Banks Can Maintain Crypto Assets

-U.S. bank regulators are trying to provide a roadmap for banks to engage with crypto assets.

-The roadmap would provide rules over holding cryptocurrency to facilitate client trading, using them as collateral for loans, or even holding them on the balance sheet like  more traditional assets.

Rate Curves


Rapid Report:

Abelian Brand Mark

Bank of America Sees Itself as a Technology Company

-Bank of America CEO Brian Moynihan sees his firm as a financial technology company on the cutting edge of digital innovation.

-Bank of America spends about $3.5 billion a year on new code implementation. Digital payments have continued to be a key component of Bank of America’s business.

Wells Fargo to Introduce Virtual Assistant, “Fargo”

-Wells Fargo is introducing a virtual assistant to help convert more retail banking customers into digital users.

-The virtual assistant, “Fargo”, will be able to execute tasks including paying bills, sending money, and offering transaction details and budgeting advice.

Braves Win World Series Game 1

-The Braves won game 1 over the Astros 6-2 in Houston. Jorge Soler hit the first leadoff home run in the history of World Series Game 1’s.

-While the Braves earned the win, they did lose their starting pitcher, Charlie Morton, to a fractured fibula. He will miss the remainder of the series.

Category: Market Updates
Previous Post
Weekly Report – October 20, 2021
Next Post
Weekly Report – November 3, 2021

Leave a Reply

Your email address will not be published.

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed