Tag Archives: bank

Bad Idea: “‘Pakistan reforms on track’: IMF approves $452 million second tranche of bailout package”

“The International Monetary Fund (IMF) has approved the second tranche of $452.4 million for Pakistan under the $6 billion bailout program for the country. This brings the total disbursements to about $1.44 billion, the IMF said after completing the first … Continue reading

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“Cutting Russia off from SWIFT would mean declaration of war – Russian PM”

“Restricting Russia’s access to the SWIFT international banking payment system would virtually mean a declaration of war, Prime Minister Dmitry Medvedev has warned. Speaking to reporters on Thursday, Medvedev recalled the West once seriously considered the option, and Moscow is … Continue reading

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Banks will Steal Your Data Just Like Tech Giants Do

“For years, Google and Facebook have been showing ads based on your online behavior. Retailers from Amazon to Walgreens also regularly suction up your transaction history to steer future spending and hold your loyalty. Now banks, too, want to turn data they already have on your spending habits … Continue reading

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“Half the world’s banks are too weak to survive downturn – McKinsey”

“A new survey from consultancy McKinsey & Co has found that a majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs. The study looked at 1,000 banks in developed and … Continue reading

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Debt Problem: “…Crisis in Ecuador is just getting started”

“Appearances can be deceiving. Nowhere does this old adage ring truer than in Ecuador, which is emerging from the rubble created during an 11-day uprising. The protests that rocked the South American country appear to be over. President Lenin Moreno … Continue reading

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Bank Problems: “Ecuador cracks down on protesters over austerity & IMF loan…”

“Chaotic mass demonstrations are underway in Ecuador following a spate of austerity cuts tied to a recently implemented IMF deal. Police have unleashed tear gas on protesters, while the government has declared a state of emergency. By Monday, some 477 … Continue reading

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