Profile

Location

Princeton

Member since

2003

Gregg Weintraub

VP at State Street IMS

Message Posts: 0 Comments: 9

Bio Responsible for value added products in the Investment Manager Outsourcing division of State Street. Product areas include Performance, Compliance, data warehousing and client reporting. Particpate in client development and setting standards for global operating model. Provide management for the imp Career History Vice President at State Street Corp October 2002 to Present Vice President at J.W. Seligman and Co. July 1987 to October 2002 Business Analyst at The Bank of New York July 1985 to July 1987

Gregg is Commenting on

Harbinger of an Increasingly Cashless Future: Danish Shops to Not Accept Cash

John, Read the article carefully - for you and I the option to withdraw our cash and stuff it in mattresses prevents banks from breaking zero. But for large institutions and banks lending among themselves, this is where there seems to be the outbreak of negative rates. From the article, "The European Central Bank, struggling to ignite growth, has a deposit rate of –0.2 percent. The Swiss National Bank, which worries that a rise of the Swiss franc will hurt trade, has a deposit rate of –0.75 percent. On April 21 the cost for banks to borrow from each other in euros (the euro interbank offered rate, or Euribor) tipped negative for the first time." The debate on this site has been when will cash die for a long time. It seems to me that the governments pushing cash to be eliminated is the first real threat that it may come true. Then will we have the power to avoid negative rates???

18 May 2015 Reply Read article

Harbinger of an Increasingly Cashless Future: Danish Shops to Not Accept Cash

There is a regulatory push to actually eliminate cash - governments appear to have an incentive to go cashless. See this article from Bloomberg Businessweek: http://www.bloomberg.com/news/articles/2015-04-23/negative-interest-rates-may-spark-existential-crisis-for-cash

18 May 2015 Reply Read article

Why Ebola might kill cash

James - Science Fiction writers make even better futurists. See 1982's White Plague by Frank Herbert. Brett's story above is torn from the pages of science fiction as distracting as that may be to the core issue. We can debate the demise of cash, but the behavioral shift required to quote Brett "For every Jim Wells there are 20-30 Millennials who never use cash.", will take a generation at least and I am sure additional technological innovations to assist.

27 Oct 2014 Reply Read article

PayPal boss Marcus softens stance on NFC but insists BLE will win out

Won't retailers at physical locations want to recreate the online shopping experience to the extent that they can? Won't they want to know what was placed in a shopping cart and then removed before checkout? Wouldn't the path through the store be of value? I think these may well be better determinants of the payment methods they will accept than just looking at the payment method in isolation.

28 Apr 2014 Reply Read article