Author Archives: Nick Corbishley

Some banks will do just about anything to try to wean their customers off using physical money, including (in the case of BBVA) charging their customers for withdrawing cash too often. 

The decision to implement back-to-back rate hikes, for the first time since 2004, heaps yet more pressure on household incomes and struggling businesses. It came a day after the UK Government passed generous tax cuts for banks.  

Since the Global Financial Crisis residential property in European cities has become an attractive asset class for financial institutions, many in the U.S. The virus crisis has merely intensified this trend. 

An eight-year court case in Mexico involving the New York lender remains unresolved. And it could take another two years to reach a verdict.   

With Omicron evading the current crop of vaccines with effortless ease and the UK Government withdrawing most other virus-control measures, there is no rational justification for vaccine mandates for healthcare staff. 

Big global lenders, including Spain’s Santander and Canada’s Scotiabank, are interested, but Mexico’s President Lopéz Obrador would prefer Mexico’s third largest bank to pass back into the hands of Mexican owners. 

While a vital source of income and foreign currency for many countries, remittances have their dark sides and are not a substitute for home-grown development.

Unless dramatic steps are taken, one of the world’s largest cities could face “Day Zero” — when supplies of water run so low that government must begin rationing the precious liquid — as early as 2028. 

This forms part of a disturbing new trend in which bankers and central bankers are taking up positions of influence within government beyond their traditional bailiwicks.

We’ve seen this movie before and it rarely ends well.

After hiking interest rates seven times in eleven months, Brazil now faces faces the most dreaded of economic scenarios: stagflation.

There’s just too much murkiness for anyone, including MEPs, to reach anything like an informed decision on the issue.

The ECB has already warned once about the potential impact a plummeting lira could have on Euro Area banks heavily exposed to Turkey’s economy.

As lenders increasingly nudge their customers toward online services, the frequency and scale of bank outages raises serious questions about the resilience and reliability of those services.