Forbes (April 8)
“Job cuts are approaching levels not seen since the pandemic began in 2020, as major cuts in the technology and financial industries are starting to show their impact on the economy and soften the labor market.”
Tags: 2020, Economy, Financial industry, Impact, Job cuts, Labor market, Pandemic, Technology
Wall Street Journal (January 24)
“The financial industry has spotted an opportunity to make money by helping people feel good about themselves. Despite claims to the contrary, these investments don’t do much to make the world a better place…. The explosion of ESG investing… is mostly—but not completely—a waste of time.”
Tags: Better place, Claims, ESG investing, Feel good, Financial industry, Investments, Money, Opportunity, Waste, World
Reuters (January 15)
“London’s once red-hot housing market has slowed for the past year due to a double hit from higher purchase taxes on expensive homes and the June 2016 Brexit vote, which hurt demand from foreign buyers and raised fears of big job losses in the capital’s financial industry.” The average asking price dropped 3.5%, year on year, to approximately 601,000 pounds.
Tags: Brexit, Expensive homes, Financial industry, Foreign buyers, Housing, Job losses, London, Purchase taxes, UK
Financial Times (May 25)
News that the cross-border payment system Swift “has at least woken up to the challenge facing its business” is encouraging. “But this is not just a problem involving cross-border deals. Cyber crime is increasingly a threat to the whole financial industry. This is one digital challenge that banks cannot duck.”
Tags: Banks, Cross-border, Cyber crime, Digital challenge, Financial industry, Payments, Swift, Threat
