More Nigerians are using mobile money but it is fraught with inherent dangers that must be tackled.
The Bank of Canada recently concluded public consultations where it sought input from Canadians about the possibility of a national digital currency.
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While a digital national currency does have the potential to mitigate key financial issues, we cannot ignore the democratic risks such a currency could introduce without safeguards.
Andrew Bailey, governor of the Bank of England, which is widely expected to increase UK interest rates further this year.
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Interest rate hikes are the Bank of England’s main monetary policy weapon against inflation, but they aren’t working.
David Maimon’s cybersecurity research group noticed a flood of checks in underground markets, which opened a window into much broader criminal activity.
Collage by Kimberly Patch
Professor David Maimon describes how his team investigated criminal enterprises on the dark web.
Wearing a protective mask, a dog walker ventures out as heavy smoke from northern Alberta forest fires blankets downtown Calgary on May 16, 2023.
THE CANADIAN PRESS/Larry MacDougal
Canadian financial institutions — banks, pension funds and private equity firms — fund the fossil fuel industry and are therefore helping fuel the climate crisis. Why won’t Ottawa hold them to account?
Discrimination can be hard to pick up.
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The UK retail bank business model has allowed banks to make significant profits as interest rates have risen over the past year.
The Office of the Superintendent of Financial Institutions has released guidelines for financial institutions to address climate change risks.
THE CANADIAN PRESS/Nathan Denette
OSFI’s guidelines are a small step towards making financial decision-makers more conscious of their influence on climate outcomes, but there is still work to be done.
Silicon Valley Bank, the sixteenth-largest bank in the U.S., collapsed on March 10, 2023 after customers tried to collectively withdraw $42 billion in a single day.
(AP Photo/Jeff Chiu)
The collapse of Silicon Valley Bank serves as a reminder of the importance of robust risk management, sound regulatory oversight and effective liquidity management.
A family reacts to news of the father’s bankruptcy in a 19th century engraving.
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Lenders face a lot of risks, but two of them – interest rate and liquidity – were the main drivers of the sudden and rapid failure of Silicon Valley Bank and Signature Bank. That’s why more trouble may be ahead for the banking sector.
SVB encountered a perfect storm of high interest rates and fearful clients.
AP Photo/Jeff Chiu
Peter Martin, Crawford School of Public Policy, Australian National University
I graphed the average online rate for a $10,000 deposit against the Reserve Bank’s cash rate, going back to 2010. After seeing what that graph reveals, you’ll want to call your bank.
Alberta Premier Danielle Smith speaks at a news conference in Edmonton in November 2022.
THE CANADIAN PRESS/Jason Franson
The Free Alberta Strategy is in fact a road map for Alberta sovereignty, touching on the most essential compartment of sovereignty — banking and currency.
Ghana is trying to put together a debt restructuring programme to satisfy major stakeholders.
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For better or worse, debt is a part of everybody’s financial portfolios. Solid financial planning will help you keep your eye on the prize of wealth accumulation.
New Zealand is preparing to roll out so-called ‘open banking’, Europe can offer valuable lessons on how best to open the financial system to new players.
Different accounts, different interest rates.
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