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Reposted
Reposted
Interest-rate shocks, regulatory burdens and a yawning tech gap are exposing global banking's multi-trillion-dollar weak spot
High Rates Expose Global Banking’s Multi-Trillion-Dollar Weak Spot
The sleek London branches of Metro Bank Holdings Plc have little in common with the storefront of Banaras Mercantile Co-operative Bank near the Ganges River in northeast India or the specialty-finance...
www.bloomberg.com
September 4, 2024 at 4:41 AM
Reposted
Investment banks cut China GDP forecasts as confidence wanes

https://www.ft.com/content/8ec2f6b8-f0fe-4edd-81a0-22bf70ee0b0b
Investment banks cut China GDP forecasts as confidence wanes
Analysts increasingly sceptical that Beijing will reach 5% economic growth target for 2024
www.ft.com
September 4, 2024 at 5:05 AM
Reposted
Volkswagen warns staff it has ‘a year, maybe two’ to adapt to lower demand

https://www.ft.com/content/287a8d64-a5be-4960-86fc-636176b25d9a
Volkswagen warns staff it has ‘a year, maybe two’ to adapt to lower demand
Finance chief says drastic cost-cutting measures necessary amid weak demand in Europe
www.ft.com
September 4, 2024 at 9:03 AM
Reposted
Global stocks sell-off hits Europe and Asia after sharp drop in Nvidia shares

https://www.ft.com/content/0a0bcaaa-0f93-4243-b310-a2b56eec6efa
Global stocks sell-off hits Europe and Asia after sharp drop in Nvidia shares
US futures point to further falls on Wall Street following Tuesday’s losses
www.ft.com
September 4, 2024 at 9:13 AM