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With the pandemic continuing to impose its presence, China’s small rural lenders are under increasing pressure to ramp up lending to meet Beijing’s goal of supporting its slowing economy. But as they lend more in the face of rising bad debt and growing accusations of corruption, small banks are now starting to feel the heat.

At the turn of the millennium, payments were among the less appealing departments aspiring young bankers could stive for: standard procedures, steady income and comparatively low risks are attributes in demand today but were considered boring back then. Two financial crises and a gigantic technology leap later, and payments has become a hotly contested market where brands

With Russia cutting gas deliveries to Europe, it could turn out to be a brutal winter for Germany. Cost-saving measures are already being implemented across the country, but the fate of Europe’s biggest economy may ultimately lie in the hands of Moscow. Will the dire situation be the catalyst for negotiations between Europe and Russia?

It has been a disastrous year for the bond market, as elevated inflationary expectations and rapidly rising interest rates led to seldom-seen double-digit losses in bond prices during the first six months. Has the rout finished, and should investors return to this beaten-down asset class once more? If so, should they re-enter cautiously?

A deal between the Ecuadorian government and the country’s leading indigenous group was finally reached after 18 days of violent protests. The deal followed the issuance of a long list of economic demands by protestors who had reached breaking point, as global food and fuel prices continue to escalate living costs.

Elon Musk announced in early-June that he would trim the Tesla workforce by 10%, as he had a “super bad feeling” about the economy. What does this decision say about the state of the global economy, as well as the famed electric vehicle company itself?

Despite billions of dollars spent on technology initiatives each year, few banks have done a successful company-wide AI implementation due to certain challenges. Pritham highlights areas of banking that have been impacted by AI and provides strategies that the industry’s director-level leaders can use to continue to implement AI.

In July 15, the US Pentagon announced that the State Department approved the potential sale of military technical assistance to Taiwan worth an estimated $108 million. It is the fourth such sale to Taiwan under the administration of Joe Biden, and the third sale in 2022 alone.

In mid-July, economists at Bank of America (BoA) forecast that the US would experience a “mild recession” before the end of the year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the group headed up by BoA’s new chief economist Michael Gapen

The banking industry has undergone a huge amount of change in recent years. I have witnessed banks overhaul strategies underpinned by legacy systems that no longer work for the modern day customer. Simultaneously consumer behaviours have been shifting dramatically, accelerated by the global pandemic.