June 10, 2023
We have a serious problem here. Bank depositors are NO risking your money as an investor in a hedge fund. They expect honesty and stability. If a bank trades and doubles its money, it belongs to the shareholders, not the depositors. Similarly, the loss belongs to shareholders, which means 100% of all deposits. MUST to
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The writer is UCL Professor of Economics and Finance and Director of the UCL Center for Finance. Banks around the world are reporting record profit increases in 2022. In the UK, for example, Lloyds announced that profits had nearly doubled. One might wonder how bank profits can soar during a monetary tightening cycle. After all,
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Hong Kong CNN — Even for a well-known frugal nation, the Chinese saved a lot last year. Stuck at home due to Covid restrictions, they have earned a record $2.6 trillion. Now that life is back on track, there are high hopes that consumers spend with a vengeancewhich will provide a much-needed boost to the
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