Markets, World
April 12, 2019
72 views 3 mins 0

Banks Offer Layaway Plans for Instant Noodles as Food Prices Spike

Credit scores are now tied to ramen consumption. Alexandra Chen | Stablecoin & Regulation Analyst Noodles on Credit As inflation drives food costs higher, banks have unveiled an unusual solution: layaway plans for instant noodles. Customers can now spread payments for ramen over six months, with interest rates depending on credit scores. One bank ad […]

Tech & AI
March 12, 2019
73 views 6 mins 0

Wall Street Banks Replace Risk Models With Magic 8-Balls

Traders say “Outlook Good” beats spreadsheets. A New Era of Risk Management Wall Street’s top banks have officially ditched their complex risk models in favor of a simpler, more tactile tool: the Magic 8-Ball. According to leaked memos, Goldman Sachs, JPMorgan, and Morgan Stanley are now asking their traders to shake plastic fortune balls before […]