Powered by WPeMatico
Category: banking sector
Auto Added by WPeMatico
‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks
Powered by WPeMatico
UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents
Powered by WPeMatico
Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says
Powered by WPeMatico
Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs
Powered by WPeMatico
South Korean Banking Association Concerned Over Surge of the Altcoin Trading Frenzy
Powered by WPeMatico
China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic
China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into the country’s economy and financial system. Also read: China’s Inflation Hits a […]
The post China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic appeared first on Bitcoin News.
Powered by WPeMatico
Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns
The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not be sufficient to avoid the next meltdown. Also read: […]
The post Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns appeared first on Bitcoin News.
Powered by WPeMatico
McKinsey: Majority of Banks May Not Be Economically Viable
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn. Also read: FATF Starts Checking […]
The post McKinsey: Majority of Banks May Not Be Economically Viable appeared first on Bitcoin News.
Powered by WPeMatico
Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what the bank unions call “cold-blooded murder of six banks.” Also read: Indian Finance Minister […]
The post Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial appeared first on Bitcoin News.
Powered by WPeMatico