banking

US banking regulator warns of crisis risk from fintech proliferation

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Representations of cryptocurrencies on this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration Be a part of now for FREE limitless entry to Reuters.com Register NEW YORK, Sept 7 (Reuters) – The rise of fintech companies and digital banking may spur monetary dangers and probably a long-term disaster, Michael Hsu, performing comptroller of the foreign money, … Read more

Home prices will soon experience a ‘correction’, says Mark Zandi, chief economist at Moody’s Analytics – but not a ‘crash’

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The housing market is in a recession, many economists say, however when will home costs come all the way down to earth? Quickly, says an economist. With rising mortgage charges, consumers are pulling out. Increasingly more sellers are decreasing their itemizing costs and providing extra concessions to entice consumers. Towards this backdrop, dwelling costs will … Read more