Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict Economic Devastation
PYMNTS
MARCH 23, 2020
Also, banking FinTech Finastra was hacked. Banking FinTech Finastra was hit with a security breach on Friday (March 20) and was forced to shutter key systems and send employees home. As China’s Banks Encourage Loans, Default Fears Mount. Morgan Stanley told clients to expect U.S. GDP to plummet over 30 percent between April and June.
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