Tag: FINANCIAL INSTITUTIONS
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London Rail Strike Loss Estimated to be $36.85M Per Day
London witnessed massive disruption across its the rail networks as over 40,000 workers struck work for three days last week.The protests started...
Rising Inflation is Leading to Shrinkflation
With high inflation comes Shrinkflation. Shrinkflation is the combination of Shrinking and inflation. It is when items shrink in their size and...
Peru Slashes Its Economic Growth in 2022
Peru’s Central bank (Banco Central De Reserva Del) has predicted that the country's fiscal growth will dwindle in 2022. This year, it...
Google to Fund 40 Black-led Digital Start-ups Across Europe
Supporting the financial growth of Black-led start-ups is crucial. These companies often face problems regarding restricted access to capital, networking, and other...
Cube Lands $30M in Series-B After Seeing 400% ARR Growth
Financial planning and analysis (FP&A) platform Cube, based in New York City, raised $30 million in Series B funding.
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New Chapter 11 Filings, Disclosures: October 26 – October 30, 2020
At least three major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of October...
Will Russia-Ukraine War Shift Monetary Policy?
Russia's invasion of Ukraine started two weeks ago. And it is important to highlight the financial impact that it will have on...
Fed’s Wire Transfer System for Banks Experienced a Several Hour Outage
The Federal Reserve's system that allows banks to wire transfer money back and forth went down for several hours on Feb. 24....
LIC IPO to Meet Disinvestment Target Of the Government
Amid a showering proposal of Initial Public Offering (IPO) flowing from the financial market in India, investors are eyeing the country's biggest...
Bank of England Hike Interest Rates and Future Economic Conditions
On 17 March 2022, The Bank of England (BoE) raised interest rates by 0.25% to 0.75%. The change in interest rates will...
