23

Oct

Why China isn’t cutting lending rates like the rest of the world

BEIJING — The People’s Bank of China is choosing not to follow many other major central banks in cutting interest rates as it tries to navigate a challenging economic environment. China’s central bank must manage an economy structured in many ways quite differently from that of other major regions, such as Japan or the European Union. But […]

23

Oct

2020 will be the year of a historic market surge, Medley Global predicts

Medley Global Advisors’ Ben Emons expects the market to break out in 2020. But his forecast doesn’t apply to the next few months. Despite this week’s strong market gains, the firm’s managing director of global macro strategy predicts uncertainty over the U.S.-China trade war and Brexit will prevail and continue to rock stocks. “We’re dealing with a[…]

23

Oct

WeWork boss to walk away with $1.7bn after SoftBank rescue deal

WeWork’s co-founder Adam Neumann is in line for a $1.7bn (£1.3bn) payout as investors seize control of the troubled office rentals empire he co-founded and thousands of employees wait to hear if they will lose their jobs. Neumann, 40, used to describe WeWork as “largest physical social network in the world” and a company so important it[…]

07

Oct

Labour warns UK banks: trim bankers’ bonuses or we will

Bankers’ bonuses could be banned in Britain in order to tackle high levels of inequality across the country, John McDonnell has said. The shadow chancellor warned the City of London that a culture of excessive bonus payouts remained a decade on from the financial crisis and said Labour would introduce rules to curtail such awards – including[…]

07

Oct

EU could fine Italy £3bn for breaking spending and borrowing rules

The EU is poised to punish Italy over its “snowballing” spending and borrowing, putting Brussels on a collision course with the populist government in Rome. In a move expected to raise tensions with Italy, the European commission paved the way for an initial fine of as much as €3.5bn (£3.1bn) on Wednesday after advising the country had[…]

29

Sep

Digital marketing and sales as growth drivers

Due to the continuing digitalization of all areas of life, bank customers’ behavior and expectations are also changing—digital channels and therefore also digital marketing are gaining importance. Banking products should fit seamlessly into the—increasingly digital—everyday life. A survey conducted by GfK on behalf of Google and Postbank[1]reveals that almost 90 % of all bank customers initially search[…]