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The pro-cyclicality of capital ratios and credit supply, a tale of two sizes

BankUnderground

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

Capital 78
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'Super deduction' may not be the most effective use of a £25bn tax break

TheGuardian

Chancellor’s eye-catching policy could end up rewarding investment that would have happened anyway Rishi Sunak flags tax rises in budget as total Covid spending tops £400bn Budget 2021: key points at a glance One can usually take a mental break when the budget speech turns to capital allowances. It’s the tinkering bit.

Taxes 68
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NerdWallet Acquires SMB Finance Platform Fundera

PYMNTS

One of the biggest challenges for SMBs is the lack of capital, with the pandemic's economic downturn causing even more stress, the release stated. NerdWallet was founded in 2009 and had raised $105 million in funds as of March. Fundera represents a foray into the SMB field, which has become pertinent due to its fast growth.

Resources 209
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Personal Capital Review: Free Tools and Paid Wealth Management

MyBankTracker

Personal Capital is an online wealth management concept that started in 2009. Today, Personal Capital offers two sets of tools depending on whether you pay for their services or not. Personal Capital provides a paid wealth management service for those with $100,000 or more in investable assets. This is done securely.

Tools 52
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Eight People Have As Much Wealth As The Poorest Half Of The Global Population

PYMNTS

There are different ways of running capitalism that could be much, much more beneficial to the majority of people.”. In the report, the charity called for officials to crack down on tax dodging by the wealthy and to move away from shareholder capitalism whereby the payout goes to the rich.

Taxes 100
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IMF: Debt Levels At Historic High, Govts Should Look To Trim

PYMNTS

The 2016 debt figure is 9 percent higher than the debt measured right after the global financial crisis of 2009. Tax cuts and consumer spending will spur that increase, he said. Those stats come from the April Fiscal Monitor published by the IMF. The IMF said that debt taken on by developed markets dwarfed that of emerging economies.

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Retail Sales Shot Up In May

PYMNTS

Encouraging Americans’ enthusiasm to spend, according to the new report, is low unemployment, rising wages and additional liquid capital due to the tax cuts of late 2017. percent in Q1, in line with averages since 2009. The positive cycle is pulling along merchant sales and stronger economic growth. Output was up 2.2

Retail 108