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How Federal Debt May Impact Banking

South State Correspondent

Cyclical changes and their impact on the economy dominate the news and the attention of corporate boardrooms because they are immediate and need to be addressed in real-time. While the US is, and will remain, the center of innovation and risk-taking, the economy will transition to fewer small businesses and more larger enterprises.

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Central banks must resist pressure for early rate cuts, says IMF head

TheGuardian

Kristalina Georgieva said high inflation across advanced economies was “not fully defeated” and could require a longer wait before reducing borrowing costs.

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HSBC To Eliminate As Many As 300 UK Commercial Banking Jobs

PYMNTS

In August, the bank warned that the loan losses for the year could far outpace those of previous years, ballooning to as much as $11 billion, with the situation worsening due to the pandemic-riddled economy. Quinn responded to criticisms by saying the bank would focus on long-term needs for customers and investors in any political scenarios.

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Will the Consumer Continue to Hold the Line?

South State Correspondent

In a similar fashion, but certainly less consequential, the US consumer has withstood the impact of the pandemic and higher prices to continue to drive the economy forward. The consumer, while professing to be worried, has not really stepped back their spending, and that has kept the economy on its current growth profile.

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How underrated chancellor Alistair Darling helped weather financial crisis

TheGuardian

Labour politician, who has died aged 70, faced toughest challenge of his career when economy crashed in 2008 Full report: Alistair Darling dies aged 70 Tributes paid to former chancellor – business live UK politics live – latest updates Alistair Darling spent three turmoil-filled years as Gordon Brown’s chancellor but the crunch came in October 2008 (..)

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Western Union: Emerging Market GDP, Innovation Depend On Remittances

PYMNTS

But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines. Person-to-person international transfers form by far the largest foreign economic support for developing economies. In the payments industry, they’re known as remittances.

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Iran Targets Fraud And Corruption During Economic Troubles

PYMNTS

Iran has created a fraud court to combat rampant financial malfeasance and attempt to aid its flagging economy. This month, 50 men were given 20 years in prison for bribes, embezzlement and damaging the economy. The fight against corruption in Iran has always been subjective and used as a political football,” Vaez said. “The

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