The major global banks cut their staff by more than 60,000 during the year, making 2023 one of the most redundant fiscal years in the sector since the great global financial crisis, according to data compiled by the Financial Times.
According to the reference newspaper in the City, some 20 of the…
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financial crisis
Sharon Stone claims she lost half her fortune to SVB bankruptcy
The bankruptcy of Silicon Valley Bank affects not only empires in the technology sector. Actress Sharon Stone claimed at a charity event on Thursday that half of her fortune was trapped in SVB.
During a fundraiser for cancer and HIV…
Biden assures that the US banking system is safe
US President Joe Biden sent a reassuring message to the country's population about the safety of the US banking system. In a brief speech to the media, the president stressed that customer deposits at Silicon Valley Bank and Signature Bank…
UK business failures on the rise
The most recent report from the UK Office for National Statistics puts the number of companies that have filed for bankruptcy between April and June at 5,629. The figure far exceeds that recorded for the same quarter between 2015 and 2019,…
Drop in the price of Bitcoin affects the economy of El Salvador
The price of Bitcoin, the main cryptocurrency in the market, remains low. This situation directly affects the financial status of El Salvador, a Central American country that adopted crypto in September 2021.
The negative streak in the…
Banks of the world increase their gold reserves
The central banks of the world are increasing their gold reserves, and at the same time lowering the amount of dollars in recent decades.
Recent data from the World Gold Council reveals that gold reserves in 2021 reached their highest…