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Goldman Sachs CEO says recession risk high as company plans to slow hiring
24/07/2022

Goldman Sachs CEO says recession risk high as company plans to slow hiring

Goldman Sachs CEO David Solomon said factors, including high inflation and slower hiring, means the chance of a recession in the coming years is high.

Loan scheme for small businesses to be extended by two years
22/07/2022

Loan scheme for small businesses to be extended by two years

The scheme, launched in April 2021 during the COVID-19 pandemic, has helped more than 16,000 businesses in England, 1,000 in Scotland, 600 in Wales and 300 in Northern Ireland, with an average of £202,000 each.

‘My Worldview Has Been Destroyed’: Chinese Banking Scandal Tests Faith in the System
20/07/2022

‘My Worldview Has Been Destroyed’: Chinese Banking Scandal Tests Faith in the System

The disappearance of ordinary savers’ money, and the government’s seemingly indifferent response, could pose a major test for the Communist Party’s legitimacy.

CFPB to Push Banks to Cover More Payment-Services Scams
20/07/2022

CFPB to Push Banks to Cover More Payment-Services Scams

The Consumer Financial Protection Bureau has reported an uptick in complaints related to Zelle, but banks warn that heightened regulations could hurt the economy.

Euro holds near 2-week high, awaits ECB and Nordstream clarity
20/07/2022

Euro holds near 2-week high, awaits ECB and Nordstream clarity

The euro held near two-week highs versus the dollar on Wednesday on expectations of a bigger ECB interest rate increase this week than earlier anticipated and a Reuters report that a key Russian gas pipeline would reopen on time after maintenance.

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