The Stars and Stripes and Financial Secrecy

  Switzerland has a long-held reputation for financial secrecy, but it isn’t the top country when it comes to a lack of financial transparency. The country that is atop the rankings for being the most complicit in helping individuals hide their wealth is the United States, according to a biennial report released today by the Tax …

Let’s get phygital

More nimble fintechs have one advantage over traditional banks when it comes to responding to customer needs to improve customer experience. With over half of customers saying that banking is not fun, banks face the challenge of enhancing user experiences to address changing customer needs, according to the World Retail Banking Report 2022 from Capgemini…

The Battle of Future Investments

The State Treasurer is putting ESG in the political crosshairs by divesting from an asset manager based on its environmental and sustainable approach to investing. West Virginia’s Board of Treasury Investments, which manages $8 billion in state operating funds, has dropped BlackRock money market funds from its portfolio, citing concerns over the firm’s focus on…

Good news, economy heading in the right direction!

Dollar holds advantage on economic optimism, euro looks vulnerable   The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism due to improving US economic data, the rollout of coronavirus vaccines, and rising Treasury yields. The euro was in focus ahead of data on German business sentiment…

Diversity barriers breaking down (Finally)

First Woman, First African to Lead WTO: Who’s Ngozi Okonjo-Iweala?   Dr Okonjo-Iweala has earlier broken glass ceilings as Nigeria’s first woman foreign minister and finance minister. Over 26 years since the establishment of the World Trade Organisation (WTO), a woman has never helmed the international body that deals with global trade rules, resolves trade…

President Biden becomes the 46th!

Biden Inaugurated as the 46th President   WASHINGTON — Joseph Robinette Biden Jr. was sworn in on Wednesday as the 46th president of the United States, assuming leadership of a country ravaged by disease, dislocation and division with a call to “end this uncivil war” after four tumultuous years that tore at the fabric of…

China’s economy grows!

European stocks weak despite tailwind from Chinese output data   Economic and human cost of new Covid-19 variants weigh on investor sentiment China’s economy, the world’s second-biggest, grew 6.5% in the fourth quarter. European equity markets struggled for direction on Monday as strong economic data from China vied with concerns over a double-dip recession in…