With COVID-19 still dominating the narrative across the global banking industry, arguably the biggest challenge lenders will face in 2021 is how best to maximise the customer experience amidst such a challenging environment. Indeed, given the low interest rates that have continued to weigh heavily on banks’ net interest income (NII)
At its most recent monetary-policy meeting in late July, the Federal Open Market Committee (FOMC) discussed implementing a number of monetary-policy tools to allay concerns regarding the economic outlook for the United States. And while the FOMC had already taken numerous emergency measures
The United States Initial Jobless Claims report, which measures the number of individuals who filed for unemployment insurance for the first time during the past week, was released on Thursday, September 3, and showed a sharp decline from the previous week.
We often like to make predictions about the future, especially when it comes to what we believe are likely to be popular trends. In today’s world, it’s often some new technology that people tout as being “the future”, such as robotics or electric vehicles
Often we turn to history for answers to questions arising from crisis, but with the COVID-19 pandemic, there are few models to which to refer. From an economic standpoint, there are more uncertainties than certainties, especially regarding the duration and what life will look like in the post-crisis “normal”. One thing is sure: recession has spread to every corner of the earth, and it is likely to be without precedent.