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Digital currencies may challenge SWIFT global payment network, says Russian central bank — NY Pilot Business News

The advancement of digital currencies may challenge the SWIFT global banking payment system and might ultimately make it redundant, the…

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World

US sanctions may lead to dollar’s demise, Russian central bank warns — NY Pilot Business News

The greenback may fall victim to Washington’s sanctions, as these policies force global players to ditch the US dollar and…

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China’s GDP to grow 7.9% next year to pre-pandemic level, says World Bank — NY Pilot Business News

The growth of China’s gross domestic product (GDP) will accelerate to 7.9 percent next year from the two percent in…

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World

Trump’s private bankers resign from Deutsche Bank

“Rosemary Vrablic and Dominic Scalzi have tendered their resignations to Deutsche Bank effective as of year-end, which was accepted by…

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World

Bank of England calls for UK government to provide financial support until Covid-19 pandemic is over  — NY Pilot UK News

Bank of England interest rate-setter Andy Haldane has actually contacted the UK government to keep financial support until the coronavirus…

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Sophia Popov: When check hit her bank account, golfer first thought ‘illegal activity’ after $675,000 win

“I went to college until 2014, and definitely with the intention of doing something else after my golf career. And…

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World

Lloyds Bank: Black employees earn 20% less at Britain’s biggest bank. It’s trying to fix that

In a report released on Friday, Britain’s biggest retail banking group exposed that the median pay gap in between Black…

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Digital yuan poses no threat to global monetary systems, says former head of China’s central bank — NY Pilot Business News

China’s brand-new sovereign digital currency might change cross-border trade due to its capability to procedure payments and deal with forex…

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Commodities to push Russian currency higher in 2021, Saxo Bank predicts — NY Pilot Business News

The Russian ruble is presently “undervalued” and has the capacity to reinforce by over 10 percent versus the United States…

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latestnews

Saxo Bank unveils ‘outrageous’ predictions for 2021 — NY Pilot Business News

Danish financial investment bank Saxo Bank has actually launched its yearly list of “outrageous predictions,” attempting to examine some not…

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