In evaluating the trade-offs of joining the European Union and giving up their own currency, Icelanders must recognize that the costs of eurozone membership are smaller than what past data suggest. If anything, being within the eurosystem would make a repeat of Iceland’s post-2008 banking crisis exceedingly unlikely.
As World Cup spending surges, BofA’s year-long merchant preparation is paying off. Exorbitant ticket prices be damned. Die-hard soccer fans are flocking to host cities across the U.S., Canada, and Mexico for the first tri-nation tournament in FIFA history. And they are proving to be exceptionally big spenders. The Bank of America Institute — the…
Whether driven by retirements or re-configuration, the insurance industry is scrambling for tech talent. This article appears in the July/August issue of Global Finance Magazine. Caught between a wave of retirements and a weak talent pipeline short on tech-savvy candidates, the insurance industry faces a talent shortage that could affect its ability to address cyber…
RBA Governor Michele Bullock speaks at 1:05 pm Sydney time today and that’s the lone highlight on the Asia-Pacific calendar. It’s a quiet one but there are no local holidays, just a gap on the calendar. China will be in focus as we eye the second day of trading in CXMT, which deputed post-IPO with…
24 July 2026 Overall, respondents reported slight net easing of credit terms and conditions for all counterparty types for second consecutive quarter Dealers repriced across all collateral types, in particular equity, as demand for secured funding increased Non-price credit terms remained broadly unchanged across counterparty types, secured financing transactions and non-centrally cleared OTC derivatives markets…
New York City’s traffic is legendary. In 2024, congestion in the city was the worst in the United States, with delays per driver reaching 102 hours. In the same year, the Metropolitan Transportation Authority (MTA), the operator of New York’s subways and commuter rail, saw a deficit of $8.3 billion. The combination of the two…
