Janet Yellen Warns of US Cash Shortage Risk by June
US Treasury Secretary Janet Yellen said there is a risk that the US will run out of cash by June 1 if Congress does not decide to raise or suspend the debt ceiling.
Economic Forecast - page 9
Mobile Money Grows Faster Than Expected: Report
The number of registered mobile money accounts globally rose by 13% in 2022, while total mobile money transaction values grew to $1.26 trillion
Citizens Financial CEO Says Regional Banks Can Compete
Bruce Van Son, CEO of Citizens Financial Group, speaking on the Bloomberg Baystate Business Hour podcast, said that regional banks have the potential to fully compete with larger representatives of industry.
Main Street Merchant Recession Expectations Match Fed
Main Street is preparing for economic problems amid the consequences of the coronavirus pandemic and inflation.
Yellen Warns Banks Could Pull Back on Lending
The US Treasury Secretary reported on the high probability of a change in the approach of local financial institutions to lending in the direction of tightening.
IMF Lowers Forecast for Global Economic Growth After Banking Crises
The consequences of the coronavirus pandemic, which have not yet been fully overcome by the financial and industrial sectors, and the pressure factor in the form of banking crises have a negative impact on the prospects for economic growth.
World Bank Cuts 2023 Global Growth Estimates
The World Bank’s latest “Global Economic Prospects” report predicts 2023 global growth to slow to 1.7% from the 3% expected six months ago
US Banks to Report Profit Decline, Prepare for Recession
Major US banks are expected to show a net profit decline in their quarterly earnings reports to be released on Friday, while the industry is getting ready for an economic slowdown
Embedded finance has potential for explosive growth
The new research suggests transaction value of embedded finance will double in the US to $7 trillion by 2026, redefining how consumers and businesses build and manage relationships with financial services
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