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Fintech faces its reckoning: It's only a matter of time until the house of cards collapses

In an attempt to reboot the global economy, central banks slashed interest rates to almost zero, resulting in an era of cheap money. First, it incentivized investors to fund promising (and, in many cases, not so promising) young tech companies. Over the past decade, a dizzying array of challenger banks, e-money services, digital wallets, and more have managed to claw market share away from the legacy incumbents. ....

Fintech Achille , Marlin Bank , Financial Crisis , Utah Based Marlin Bank , Payments Report , Interest Rates , Interchange Fees , Central Banks , Challenger Banks , Tech Companies ,

How Greece's Piraeus Bank solved its NPL problem

Piraeus Bank’s market cap is now around €4bn, compared to €1bn just a year ago. CEO Christos Megalou says he is determined to do everything in his power to ensure it stays there. ....

Piraeus Bank , Christos Megalou , Non Performing Loans , Bank Strategy , Market Cap , Challenger Banks , Energy Transition , Christos Megalou , Greek Banks ,

Transcripts for BBCNEWS Newsday 20240604 22:10:00

Ceo of interviewed a guy, he was the ceo of a crypto company who was arrested for fraud last friday, a crypto company who was arrested forfraud last friday, thursday. went to el salvador, the only country trying to make it real money and it is not working and that i interviewed. we and it is not working and that i interviewed. . . and it is not working and that i interviewed. we had quite an adventure- interviewed. we had quite an adventure. we interviewed. we had quite an adventure. we are interviewed. we had quite an adventure. we are not - interviewed. we had quite an adventure. we are notjust - interviewed. we had quite an i adventure. we are notjust talking about challenger banks, we are talking about established banks like goldman sachs and other banks who are also interested and have departments dealing with cryptocurrency. in a way, do those banks give it legitimacy? that cryptocurrency. in a way, do those banks give it legitimacy? banks give it legitimacy? that is - re ....

El Salvador , Forfraud Last Friday , Fraud Last Friday , Challenger Banks , Ski Adventure , Goldman Sachs , It Legitimacy , Original Banks , Original Story , Story Banks , Democratic Decentralised Future Of Money ,