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Deutsche Bank, Banco Santander, and Bank of New York Mellon are teaming with broker ICAP, technology company Clearmatics, and UBS Investment Bank to create a "utility settlement coin."
Who needs the Fed? Interest rates are already rising, and Bank of America is reaping a windfall.
JPMorgan (JPM) has appointed former IBM executive Harish Grama as the company's first-ever chief information officer for cloud services on Wednesday.