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European banks have been resilient during the Covid crisis, but still face 2 major challenges

European banks have been resilient during the Covid crisis, but still face 2 major challenges

Posted By: Editorial Teamon: February 22, 2021In: BUSINESS, ECONOMY, NEWSNo Comments

European banks have seemingly weathered the coronavirus crisis well, but there are still some major challenges ahead that have the potential to rattle the sector. There’s been a noticeable difference between the pandemic and the global financial crisis of 2008: European banks have a much stronger capital position now than they did before. This is in part […] Read more

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Powell sees no interest rate hikes on the horizon as long as inflation stays low

Powell sees no interest rate hikes on the horizon as long as inflation stays low

Posted By: Editorial Teamon: January 14, 2021In: BUSINESS, NEWSNo Comments

Federal Reserve Chairman Jerome Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery. “When the time comes to raise interest rates, we’ll certainly do that, and that time, by the way, is no time soon,” the central bank chief said Thursday during a […] Read more

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