Retail depositors achieving negative returns: report

NEW DELHI: The real rate of return on bank deposits has been negative for some time and this may be one of the reasons why more and more retail investors are joining the stock markets, according to state report Bank of India (SBI). . The report also hinted that the …

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JPMorgan Chase moves mainframe from retail banking to the cloud

JPMorgan Chase is deploying a new central cloud-based system for its retail bank using software developed by UK-based Thought Machine, the two companies said on Wednesday. Thought Machine’s clients include large international banks like Standard Chartered, which uses the company’s Vault software for its Mox digital bank in Hong Kong, …

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