Category: International Banking News
European Economy Shrinks by Historic Margin: Live Business Updates
The European economy tumbled into its worst recession on record in the second quarter, as quarantines in countries across the continent brought bu [...]
Dollar takes 9% dive after coronavirus shutdowns, on track for worst month since 2011
Even the greenback is looking a little green these days from the COVID-19 pandemic.
Battered by a global recession and investor fears that the U.S. [...]
European banking needs a Big Bang
In a world desperate for growth, it is worth remembering that the EU is the second largest economic area and can play a vital role in the global econo [...]
Zonaeuro Coronavirus, la Bce alle banche europee: stop ai dividendi fino a gennaio 2021. “Limitare anche bonus ai supermanager”
Parola d’ordine: prudenza. La Banca centrale europea guidata da Christine Lagarde vede ancora nero nei cieli europei a causa del coronavirus. Per ques [...]
Bankrupt Brooks Brothers offered deal to sell for $305M
A shopping-mall giant and a brand-licensing firm have offered to buy Brooks Brothers out of bankruptcy for $305 million.
Sparc Group LLC — a part [...]
US workers file 1.4 million more jobless claims as crisis total tops 52 million
The number of Americans applying for unemployment benefits increased for the first time in almost four months to 1.4 million last week — a troubling s [...]
Vendite al dettaglio, sofferenze bancarie e tech war, le tre criticità nascoste dietro alla crescita del pil cinese
Formalmente, la notizia è di quelle che dovrebbero indurre ai festeggiamenti: il Pil cinese è infatti cresciuto del 3,2% su base annua nel secondo tri [...]
Bahrain’s Gulf International Bank appoints new CEO
Jamal Al Kishi is joining Gulf International Bank from Deutsche Bank where he spent nearly 13 years, most recently serving as CEO Middle East and Afri [...]
Ben Shenglin on China’s financial technology strategy
"Alipay and WePay have changed the banking landscape"
This is the second in a series of interviews with Chinese monetary and geopolitical exp [...]
Bank of America waives fees, defers payments on credit cards, mortgages and auto loans during coronavirus
Bank of America cardholders are receiving financial relief during coronavirus. Citi, Chase, Capital One, Discover, Apple and American Express have mad [...]