International Banker Authoritative Analysis on International Banking
Can Argentina Avoid a Ninth Default?
by internationalbanker on April 3, 2020 at 10:25 am
Few countries in the world can lay claim to having more experience with sovereign defaults than Argentina. Having first failed to pay its debts back in 1827, South America’s second-largest nation has gone on to achieve the undesirable feat on a further seven occasions, with the most recent episode occurring in 2014. The post Can Argentina Avoid a Ninth Default? appeared first on International Banker.
The Role of IMBs in the US Mortgage Market
by internationalbanker on April 3, 2020 at 10:11 am
The US housing market is on a roll, having recovered from the bleak days of crisis 10 years ago. But mainly due to the new regulatory environment, large financial institutions have veered away from mortgages. Independent mortgage banks have filled the vacuum, however, and doubled their share of the market in 10 years. What exactly are these banks, how do they operate, and what is their contribution to the industry? The post The Role of IMBs in the US Mortgage Market appeared first on International Banker.
The Fed’s Cuts Weaken Outlook for Singapore’s Banking Sector
by internationalbanker on April 1, 2020 at 9:48 am
Thanks in no small part to recent rate cuts by the US Federal Reserve System, Singaporean banks are now under increasing pressure. And the outlook for the Asian city-state’s banking sector suggests that things may get only worse this year, especially for the three biggest players: The post The Fed’s Cuts Weaken Outlook for Singapore’s Banking Sector appeared first on International Banker.
The State of California’s Economy
by internationalbanker on April 1, 2020 at 9:38 am
In January, California’s governor, Gavin Newsom, unveiled his $222.2-billion budget for the 2020-21 fiscal year for his state. “It’s often said that budgets are statements of values,” Newsom noted in his budget letter to the California State Legislature. “In America’s most populous and productive state, our state budget is more than that. The post The State of California’s Economy appeared first on International Banker.
Reaching for Yield as a Way to Mitigate the Diabolic Loop Puzzle in the Monetary Union
by internationalbanker on March 31, 2020 at 10:18 am
Some puzzles are fun, while others are not. The sovereign-bank diabolic loop puzzle is definitely not fun for the European governments and banks victimized by it. Trapped in the loop, banks hurt sovereigns, while sovereigns return the favor by hurting banks. Is there a way to break free of this deadly embrace? New research shines a light on a possible channel to freedom that strangely enough originates in the US. The post Reaching for Yield as a Way to Mitigate the Diabolic Loop Puzzle in the Monetary Union appeared first on International Banker.
How Social Media Can Boost Public Trust in Your Bank
by internationalbanker on March 27, 2020 at 10:11 am
In the banking world, where handling money safely and securely is a foundational element of the entire industry, having the public’s trust is a nonnegotiable element of success. The financial industry had to scramble to rebuild this trust after it took a hit during the Great Recession The post How Social Media Can Boost Public Trust in Your Bank appeared first on International Banker.
Climate Solutions Lie Within Our Grasp—If We Can Transfer Technology Rapidly
by internationalbanker on March 26, 2020 at 11:28 am
Technology has responded to the call to produce innovations that will slow global warming, creating an arsenal of renewable-energy alternatives to fossil fuels. But distribution of these innovations to developing countries has not kept pace, and they are lagging behind in low-carbon adoption. What needs to be done to transfer and deploy existing low-carbon technologies throughout the globe as quickly as possible? The answer lies in solutions such as trade. The post Climate Solutions Lie Within Our Grasp—If We Can Transfer Technology Rapidly appeared first on International Banker.
Privacy in a World of Sharing and Cooperation
by internationalbanker on March 25, 2020 at 11:25 am
It’s certain that the framers of the Constitution of the United States were not thinking internet when they penned the supreme law of the land. But many parts of it, especially the First and Fourth Amendments, have grown in significance in the Digital Age. The First protects the citizen’s right to free speech; the Fourth, his or her right to privacy. Are both rights still secure in today’s interconnected world? The post Privacy in a World of Sharing and Cooperation appeared first on International Banker.