BANKS ARE EMBRACING DIGITAL CHANGE!

IN A POST-PANDEMIC WORLD, SOCIAL MEDIA CONVERSIONS WILL DRIVE BANKS’ SUCCESS   The past year highlighted the growing importance of digital customer experiences in the financial services industry as COVID-19 continued to accelerate the pace of digitization. Unable to connect in person, consumers turned to digital tools. One survey conducted between late March and early…

Jobs Galore across many European banking Capitals!

Bankers quit London as Brexit relocations to EU step up   Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain’s access to the bloc slowed relocations. Morgan Stanley,  Barclays, Goldman Sachs (GS.N) are among those moving senior bankers,…

Workers are running away from major cities!

How Covid Has Reshaped Real Estate From New York to Singapore   The retreat from major cities has been the pandemic’s big real-estate story — but that doesn’t mean metropolitan house prices have suddenly got cheap. From New York to London to Sydney, ultra-low interest rates and vast government fiscal support have limited distressed sales.…

Better than expected economic results!

BNP Paribas beats quarterly expectations as equity trading rebounds   France’s BNP Paribas on Friday reported a better-than-expected first-quarter profit, helped by lower provisions for pandemic-related bad loans and a rebound in its equity trading business that the bank aims to expand. The euro zone’s biggest listed lender said net profit rose 37.9% to 1.77…

Should we start investing in commodities now?

Are We Witnessing the Start of a New Commodities Supercycle?   “Governments and private companies are increasingly pledging carbon reduction measures, heightening demand for certain metals.” “A weakened U.S. dollar, zero interest rates and pent-up demand may be contributing to the second supercycle this century.”   Commodity super cycles are decade-long periods in which commodities…