Lily Smith Like mother, like daughter? Like father, like son? Despite the increasing prevalence of digital payments in today’s world, young people continue to use cash. The persistence of cash use, even among youngsters who have grown up with debit cards and smartphones, raises interesting questions about the factors that influence young people’s payment choices. … Read more
This is a surprising move which is not good for the financial system, It increases risk and there is no pressure to move on this right now. US set to cut capital requirements for banks, FT reports By Reuters May 15, 202512:13 PM EDTUpdated 39 min ago Vehicles drive into Manhattan over the Brooklyn … Read more
Summary A beautiful wedding doesn’t have to mean overspending. This blog shares smart strategies to plan your dream wedding while staying within budget, including: Setting a Realistic Budget – Prioritize expenses and track costs carefully.Exploring Affordable Venue Options – Consider off-season dates or non-traditional locations.DIY & Cost-Saving Hacks – From decorations to invitations, small savings … Read more
Being a victim of online fraud is something no one would like to be. If you are, you must be having a very bad experience. It could have been avoided, right? And you must be thinking by now how foolish you were. How come you followed the fraudster’s instructions anyway? These are some of the … Read more
In our discussions with banking executives, a common theme is how the lending market is changing and constantly giving rise to threats and opportunities, as covered in our Commercial Banking Top Trends for 2024. Confronting these changes is essential, but it also requires banks to be willing to reinvent to stay ahead. Previously, we touched … Read more
In its latest annual report, the RBI noted that bank credit growth remains in double digits, albeit with some moderation. | Photo Credit: iStockphoto Non-food credit growth of scheduled commercial banks (SCBs) slowed substantially in the first month of the current financial, going by data submitted by these banks to RBI on last reporting Friday … Read more
The Treasury Department Friday sought public feedback on its planned elimination of most paper checks as part of a government-wide shift to electronic payments. The move comes as part of a March executive order that mandates a government-wide shift from paper checks to electronic payments by September 30, 2025. The order also directs the Treasury … Read more
Union Bank November 29, 2024 So many things make the holiday season special—colorful lights, holiday cookies, and exchanging gifts with friends and family, just to name a few. However, there is nothing like helping someone in need to truly fill your heart with the holiday spirit. Charitable donations are a great and meaningful way to … Read more
Mike Knight In this post, I argue that, to strengthen climate risk metrics, the pricing of carbon should be transparent and consistent. I suggest that lessons can be learned from existing commodities and interest rate markets in the role a benchmark price (for carbon) could play to provide that transparency and consistency. Further, I propose … Read more
The sheer scale of this one of many AI factories of the near future tell us a lot about AI direction, and adds meat to the bones of Jensens speech in Taipei this week. Enjoy. ~~~~~~~~~~~~~~~~~~~~~~ OpenAI, Oracle and SoftBank hope that the site in Texas is the first of many across the US. … Read more