Central Banks Creating Solo Cryptos; Retail Slumps, Bars and Restaurants Boom

Central Banks Creating Solo Cryptos; Retail Slumps, Bars and Restaurants Boom

CryptoCorner Nearly 90% of the world’s central banks are developing digital currencies, apparently pressured by the rise of Bitcoin and other cryptocurrencies. Central banks, including the U.S. Federal Reserve, apparently seek to build on cryptocurrency’s innovative technology, including blockchain, an unbreakable record of transactions. Chetan Ahya, Chief Economist and Global Head of Economics at Morgan

Wells Fargo profit slumps on higher loan loss reserves, mortgage weakness

Wells Fargo profit slumps on higher loan loss reserves, mortgage weakness

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Register now for FREE unlimited access to Reuters.com Register July 15 (Reuters) – Wells Fargo & Co said on Friday its second-quarter profit nearly halved as the bank set aside more funds to cover potential loan losses, while its