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BBCNEWS Talking Business June 4, 2024 03:42:00

Costs that incumbent banks do. i m just wondering how do you see this developing over let s just say the next couple of years? is this current situation here to stay? well, one of the things. i think there probably will be a bit. i know the eu is talking a little bit about a regulation and the uk is. the us maybe a bit less. some new regulation might come in to require banks to offer higher rates of savings to customers. but also, at the end of the day, there s a possibility that central banks will lower some of these interest rates. we are getting to a point with the cost of living crisis and with inflation, and i hate to put it this way, but you re going to get to the point where sections of the population that aren t normally in financially vulnerable positions are going to find themselves in those positions. when the middle class starts defaulting on their mortgages, that s when things change. and that change is either through the government, ....

The Uk , Interest Rates , Aren T , The Cost Of Living ,

BBCNEWS Talking Business June 4, 2024 02:42:00

The uk, starling, monzo, raisin, and a german bank they don t have the infrastructure and legacy costs that incumbent banks do. i m just wondering, how do you see this developing over let s just say the next couple of years? is this current situation here to stay? well, one of the things. i think that there probably will be a bit. i know the eu is talking a little bit about regulation and the uk is. the us, maybe a bit less. some new regulation might come in to require banks to offer higher rates of savings to customers. but also, at the end of the day, there s a possibility that central banks will lower some of these interest rates. we are getting to a point with the cost of living crisis and with inflation, and i hate to put it this way, but you re going to get to the point where sections of the population that aren t normally in financially vulnerable positions are going to find themselves in those positions. when the middle class starts defaulting on their mortgages, that s when ....

Deutsche Bank , Central Banks , United States , Interest Rates , Aren T ,

China's economic coercion increasing in the developing world

China s growing economic footprint in many developing countries is causing a significant amount of debt repayment crisis after the financial challenges posed by the pandemic ....

Sri Lanka , East African , South Asian , China S , Ews India ,