Bank CEOs, huddled in private in Davos, worry about competition, economy streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Bank CEOs meeting in private at the World Economic Forum on Wednesday aired concerns about the competitive risks from fintech firms and private lenders, and complained about onerous regulations, a source familiar with the matter said. At the meeting in Davos, attended by dozens of CEOs including JPMorgan Chase & Co.'s Jamie Dimon, executives also discussed a challenging global economic picture, with shifting interest rate policies and rising debt, another person with knowledge of the meeting told Reuters. Before the meeting, at least one banking CEO told Reuters they see geopolitical risks potentially derailing interest rate cuts.
Euro zone consumers slash inflation expectations zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Euro zone consumers have slashed their inflation expectations, a European Central Bank survey showed on Tuesday, in comforting news for the ECB s efforts to contain prices..
FRANKFURT/DAVOS/HELSINKI -European Central Bank interest rates are likely to come down from record highs this year but policymakers maintained on Tuesday a cloud of uncertainty over the timing of the.