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A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements of stablecoins and exchange services from giants Binance, … Read more
Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right now, unlike cryptocurrencies lately, leads to … Read more
The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social groups buying a first home, critics fear a new … Read more
Many experts predict that the U.S. might face another recession as early as next year and by 2021, others foresee another recession and give it a 24% to 83% of happening. In May 2019, the U.S. saw just 27,000 created – affecting manufacturing and small businesses the most heavily, but some industries, healthcare, education, and … Read more
Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this could lead to withdrawal of large amounts … Read more
As if there weren’t enough reasons not to get an Apple Card, the latest batch of information might people think twice. This particular financial tool has some unwanted strings attached to it. Forced arbitration is never a good thing, as it immediately pushes customers in the wrong direction. Entering the financial market is not easy, … Read more
Since the Great Recession, gig jobs have been heralded as the economy of the future – but after a decade, are U.S. workers still making money off of gig jobs? Many of the biggest gig startups began in the fallout of the Great Recession of 2008. 7.2% unemployment after the Great Recession spurred the demand … Read more
Unlike the unfounded narrative that cryptocurrency enables crime, big banks are more than happy to serve unsavory clients if it is lucrative enough for them. The latest example of this is a report that Jeffrey Epstein was apparently using his bank accounts to fund sex trafficking and possibly other crimes. Also Read: Deutsche Bank Collapse … Read more
The current Bitcoin price momentum makes very little to no sense. Many people expected big things in 2019, yet it seems every minor uptrend is pushed down in violent fashion. Even notorious Bitcoin bull Tim Draper acknowledges the year 2019 will not yield the predicted results. In fact, he claims the Bitcoin value will struggle … Read more
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup is preparing to shrink its trading staff slashing … Read more