News: Banks and Finance
In this dedicated space, one can explore a wealth of knowledge encapsulating the domain of Banking and Finance. Designed to cater to the curiosity of those captivated by the banking industry and finance fans alike, it delves into various subjects from the workings of central and commercial banks to the innovative realm of fintech startups. Additionally, it sheds light on macroeconomic aspects such as inflation and financial crises, providing a comprehensive perspective on financial trends and developments.
The Simple Reason Why So Many Can’t Afford Housing
There is no universally accepted concept of home affordability. The US Department of Housing and Urban Development uses the concept that any family that spends more than 30% of their pretax income on housing has a property affordability problem and is deemed burdened.
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Goldman Sachs Expecting Five Rate Hikes This Year
After this week's statistics, analysts changed their inflation path predictions, as "Chairman Powell's statements previously this week openly admitted that the Federal Reserve authorities are ready to a more aggressive tempo of tightening."
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Us-China Tech War: Shenzhen To Establish International Sourcing Platform For Semiconductors As Global Chip Shortage Persists
With critical online and physical infrastructure, the authorities want Shenzhen-based enterprises to group with each other and acquire bigger influence when purchasing hardware, electronic parts, and raw materials.
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Hong Kong Retail Banks Are Having Their Worst Time In A Decade As Low-Interest Rates Crimp Profits
Hong Kong's retail banks are experiencing their worst year in a decade, as low-interest rates combined with the ongoing Covid-19 outbreak have slashed profit margins for the third straight year.
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This Fed Meeting Is Crucial. Future Rate Hikes Are Just The Start
Ryding also does not expect the Federal Reserve to follow in the footsteps of the Bank of Canada, which unexpectedly terminated its asset purchasing in 2021. "What I expect to receive is clarification from the Federal Open Market Committee Session," he said.
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Bank of Korea Says First Phase of CBDC Test Completed Successfully
It is noted in the statement the first part evaluated the fundamental functionalities of a CBDC in a simulated ecosystem, involving fabrication, releasing, and delivery. It summed up that the CBDC "functions properly" under test settings.
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Interest Rate Surge Reflects Fed Policy That ‘Overstayed Its Welcome’ч
Tuesday's sell-off is "all about interest rates," according to David Lefkowitz, head of equities for the Americas at UBS Global Wealth Management. The increase in the 10-year yield "has significant consequences for the market's internals."
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Omicron Threat Seen ‘as Short Term’ By Business Leaders: Commerce Secretary
Omicron, the most recent coronavirus strain, has had a significant impact on some areas of the economy, resulting in workforce shortages and child care concerns, as well as reawakening some Americans' fear of leaving home again.
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Opinion: Citadel’s $1.15 Billion Cash Infusion Isn’t A Bailout But The Final Test Of Ken Griffin’s ‘Death Star’
Early Tuesday, Citadel Securities unveiled a $1.15 billion investment from Sequoia Capital and crypto investment firm Paradigm. It blew many minds, even if some were blown in the wrong way.
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