In December 2018, Andrés Manuel López Obrador swept to power, having promised to reduce Mexico’s longstanding problem of gang violence, which had climbed to record levels, and to bolster economic growth, which at that time had slowed considerably.
The proliferation of digital currencies over the last few years has led to a rapidly growing list of use cases for tokenised assets. Thanks in no small part to the development of blockchain technology, as well as the recognition and anticipation of what cryptocurrencies
It’s no secret that the last decade has been one of the most transformative periods for the global banking industry, at least from a regulatory perspective. Financial institutions have been forced to evolve under this new era of transparency, with authorities taking unprecedented steps to ensure that consumer protection
The warning not to put all your eggs in one basket may apply to policymakers’ exclusive focus on boosting the demand side of economies. Monetary policies, in particular, are fixated on promoting growth in demand. But is the supply side of the equation being ignored in the process? Is this one-sided approach most likely to prosper the economies that are subjected to it, or is a change of focus needed?
Few countries in the world can lay claim to having more experience with sovereign defaults than Argentina. Having first failed to pay its debts back in 1827, South America’s second-largest nation has gone on to achieve the undesirable feat on a further seven occasions, with the most recent episode occurring in 2014.
The US housing market is on a roll, having recovered from the bleak days of crisis 10 years ago. But mainly due to the new regulatory environment, large financial institutions have veered away from mortgages. Independent mortgage banks have filled the vacuum, however, and doubled their share of the market in 10 years. What exactly are these banks, how do they operate, and what is their contribution to the industry?
Thanks in no small part to recent rate cuts by the US Federal Reserve System, Singaporean banks are now under increasing pressure. And the outlook for the Asian city-state’s banking sector suggests that things may get only worse this year, especially for the three biggest players:
In January, California’s governor, Gavin Newsom, unveiled his $222.2-billion budget for the 2020-21 fiscal year for his state. “It’s often said that budgets are statements of values,” Newsom noted in his budget letter to the California State Legislature. “In America’s most populous and productive state, our state budget is more than that.
Some puzzles are fun, while others are not. The sovereign-bank diabolic loop puzzle is definitely not fun for the European governments and banks victimized by it. Trapped in the loop, banks hurt sovereigns, while sovereigns return the favor by hurting banks. Is there a way to break free of this deadly embrace? New research shines a light on a possible channel to freedom that strangely enough originates in the US.
In the banking world, where handling money safely and securely is a foundational element of the entire industry, having the public’s trust is a nonnegotiable element of success. The financial industry had to scramble to rebuild this trust after it took a hit during the Great Recession