
Business / Economy Mar 21, 2022
Russia's possible default expected to have limited impact on Japan
Japanese firms tend to possess less risky bonds issued by developed countries such as the United States.
Russia's possible default expected to have limited impact on Japan
Japanese firms tend to possess less risky bonds issued by developed countries such as the United States.
Inside Russia’s 96-hour cliffhanger to sidestep bond default
A lull in processing a key coupon payment heaped global attention on a part of banking rarely in the spotlight: The staid back-office mechanisms that handle trillions of dollars daily.
China goes for Olympic gold with its digital currency
China hoped to use the Games to showcase its financial innovations, cashless society and its ability to undermine the U.S. dollar’s position as the global reserve currency.
Young talent isn’t following the money to Wall Street
The talent pool is being drawn elsewhere. Traditional investment banks can’t win them back just by upping starting salaries.
Central bankers balance two priorities: prices and employment. Unfortunately, a slowing economy generally reduces employment, which means that those two priorities compete with each other.
The group plans to purchase a stake of up to 4.9% in the U.S. group for around ¥42 billion.
Wall Street outpaces main street in post-pandemic recovery
The lack of consumer lending growth isn’t exactly a negative sign for the American economy. But it points to how slow it can be to turn around a $20 trillion tanker of an economy.
The volatility, transaction costs and carbon footprint of Bitcoin, for example, have made it largely useless for purposes other than speculation and ransomware (and even there it has flaws).
The real reason no one wants to be a banker anymore
Analysts say banks are becoming more like machines, "with less dependency on human capital.”
What 16th-century Venice teaches us about crypto
If Bitcoin and its ilk are to survive, they will need to find a way to betray their libertarian roots and cut their own deals with the state.
Fintech uprising will define post-pandemic banking
Shifting behavior because of the pandemic and industry trends that have accelerated over the past year might leave top banks with little choice but to remain consumer friendly.
Banker bonuses always send a powerful message
Banking is a competitive sport where the star players will go wherever they feel there are the fewest barriers to their own wealth.