'No Cash' Signs Everywhere Has Sweden Worried It's Gone Too Far

“No cash accepted” signs are becoming an increasingly common sight in shops and eateries across Sweden as payments go digital and mobile. But the pace at which cash is vanishing has authorities worried. A broad review of central bank legislation that's underway is now taking a special look at the
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Oil shook off some of the fears that had rattled the market to extend gains above $62 a barrel as the dollar weakened and global equities rebounded from a rout. Futures rose as much as 1.4 percent in New York after advancing 4.2 percent last week, propped up by a relief rally that helped U.S. equities
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Investors sentiment increased to 1.71 in 2017 Q3. Its up 0.07, from 1.64 in 2017Q2. It is positive, as 2 investors sold Western Asset Mortgage Capital Corporation shares while 22 reduced holdings. 12 funds opened positions while 29 raised stakes. 16.14 million shares or 6.72% more from 15.12 million
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President Donald Trump's national security adviser told a group of senators that the U.S. doesn't have a so-called bloody nose policy to strike North Korea. “We are here to echo that there has not and has never been a bloody nose strategy,” said Sheldon Whitehouse, a Democratic senator from Rhode
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Bussmann Advisory Founder Oliver T. Bussmann, Bank Pekao CEO Michal Krupinski and Tomicah Tillemann, chairman from the Global Blockchain Business Council, discuss the current positioning of banks and how blockchain technology is influencing the sector.
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Allowing private mortgage insurance premiums to be deducted as if they were mortgage interest. Not counting discharged debt from a residence as income. That means if a person got a mortgage modification, or lost their home because they couldn't pay the mortgage and it was sold for less than was
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ANZ New Zealand Retail and Business Banking Managing Director Antonia Watson says “In recent times we've been getting more and more feedback from our customers that they don't think this type of fee is fair because even though they're using another bank's ATM they're still accessing their money”.
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After years of strong, predominantly Sydney and Melbourne-led growth, Australian house prices have softened noticeably over recent months, raising concerns what impact it could have on household spending, residential construction and, as a consequence of both, the broader Australian economy.
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NEW DELHI/MUMBAI: The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world's fastest growing major economies. The branch, clad in a stately colonial edifice, is now also at
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A high-level group on sustainable finance has advised European regulators to incentivise a more favourable treatment for energy saving loans and mortgages, which could unlock billions in lending for green building renovation programs and other green projects. The group's final report says that almost
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Starling and Revolut are also looking to launch mortgages, so the market could soon be even more competitive. Of course, you will still have to pass all the checks a traditional bank carries out before you get a mortgage approved. 4. Are they safe to use? Check whether your chosen bank is regulated by
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It was here, according to accounts from Punjab National Bank executives and government investigators, that a lone middle-aged manager, later aided by his young subordinate, engineered fraudulent transactions totalling about US$1.8 billion from 2011 to 2017. The bank says it is still investigating how
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[SINGAPORE] A spate of enbloc sales, coupled with a rebound in the property market at the start of the year, may indicate that Singapore developers will be more cautious in adding to landbanks and about their pricing strategies, analysts say. Collective apartment sales in the first two months of 2018
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It is unfortunate that Indian Prime Minister Narendra Modi shares the same surname as Nirav Modi, the bank swindler who supposedly got away with somewhere in the vicinity of $1.7 billion from the Punjab National Bank branch in Mumbai. This whole explanation of his taking the money and running
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Religare Enterprises Ltd., whose founders stepped down from the board following accusations they siphoned funds, named an interim chief executive officer as part of a management revamp to help rebuild investor confidence in the Indian financial services firm. The New Delhi-based company
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Talad Invoice, a lending platform initiated by a fintech startup, is expected to grow at an exponential rate this year, following two years of peer-to-peer lending using invoices as loans collateral, said Watewiboon Pumipue, chief executive officer of D90 Capital Co, which operates the financial platform.
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London's property market has moved out of its boom phase and home sellers need to be more realistic about their price demands, according to Rightmove. The February report from the home-listing website shows that asking prices were down 1 percent from a year earlier, a sixth consecutive fall.
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A day after another school shooting massacre, Senate Judiciary Chairman Chuck Grassley indicated he's willing to discuss new gun measures as Democrats begged him Thursday to take up the issue. “What are we going to do? How many school shootings do we need in a given year?” Democratic
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Brookfield Asset Management Inc., Canada's largest alternative asset manager, said it's selling off assets so that it will be ready to pounce in the next down market. The Toronto-based firm sold about $12 billion in mature assets in 2017 and said it will continue to do so this year. Brookfield, which has
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Market Update. The start to 2018 felt very similar to January 2017, with spreads tightening and a “January effect” playing out across RMBS asset classes. The lack of secondary supply and continued outsize demand made it clear that the persistent supply/demand technical exhibited throughout 2017 was
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