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…
Unemployment rate in the United States begins to decline
The unemployment rate in the United States experienced a decrease of five tenths in September, reaching 7.9%, so the country's labor market continued its recovery for the fifth consecutive month.
The country's economic reactivation led to…
S&P reaches 1,287 possible downgrades
The credit rating agency S&P Global has warned that in recent weeks there has been an increase in the possible downgrades of the credit notes that it awards until reaching historical figures, above even those observed after the last…
Argentina proposes agreements to protect its production
The Argentine government proposed to the Southern Common Market (Mercosur in Spanish) to establish a trade agreement that allows protecting employment and domestic production in the South American country, as expressed by the Foreign…
G20 group will inject 5 billion dollars into the world economy
This Friday, the Group of 20 (G20) announced that it will inject 5 trillion dollars into the world economy in order to promote and confront the crisis caused by the coronavirus.
The leaders of this sector promised in a joint statement that…
IMF declares world economy in recession
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva stated that the world entered into an economic recession due to the coronavirus.
"It is clear that we have entered a recession" that will be worse than in…
Brussels will seek to control the budget deficit
This Wednesday the European Commission (EC) starts the review of budgetary surveillance standards.
This organization will seek to control the deficit and public debt of the countries of the European Union, in order to simplify them.
The…