Will people need cash in the future?
This week the Access to Cash report was published. This independent survey found that the many people in the UK, primarily the poor, continue to rely heavily on cash. Indeed 17% of adults surveyed would find it difficult to manage without. Other reports can be found on the main review website Yet at the same time Link […]
Free cash point machines are disappearing
Free ATMs are disappearing. Link provides monthly financial inclusion reports which map numbers and geographical locations of cash machines. The Payments Systems regulator sets out standards for monitoring inclusion. Between January and the start of July 2018, Link recorded that the the number of free-to-use ATMs reduced from 54,500 to 53,200. There is a breakdown […]
Women in developing countries 9% less likely to have a bank account
Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution The Global Findex database is the world’s most comprehensive data set on how adults save, borrow, make payments and manage risk. It is published every 3 years by the World Bank based on multinational surveys of adults. Topics covered include: access to bank accounts, […]
American Federal reserve launch Facebook page
On the first day of its launch the new Facebook page received 11,00 likes but it is was also widely criticised. The Federal Reserve is the central bank for the United States and was established in 1913. Find out more on its website where you can download a book on its purpose and functions. One […]
Are bankers dishonest?
According to a study published in Nature, the banking culture encourages dishonesty. Research from YouGov has shown that since the recession public trust in banking has declined. In May 2014, the governor of the Bank of England called on the sector to adopt higher ethical standards. The Lambert Review is current working on the creation […]
Standards of conduct in banking
Read the recent Financial Conduct Authority reports to find out which 5 banks it fined for failing to control business practices in their foreign exchange (FX) trading operations. Its website also has details of the wider Fair and Effective Markets Review The Bank of England released its own independent report into the role of its officials
Bloomberg: Quantitative Easing
U.K. CPI dropped to a seven-month low last month, driven by lower energy prices. April’s 2.4 percent was less than economists’ median forecast of 2.6 percent. The ECB announced a rate cut on May 2 after euro-area CPI fell to 1.2 percent, as shown in the Inflation Monitor. This is below the ECB’s inflation target […]
Measuring financial inclusion: the Global Findex Database
http://econ.worldbank.org/external/default/main?pagePK=64165259&theSitePK=469372&piPK=64165421&menuPK=64166093 &entityID=000158349_20120419083611 First analysis of the new indexed launched recently by the World Bank which provides individual data on savers and borrowers worldwide. The 61 page report by Asli Demirguc-Kunt & Leora Klapperfinds that 50% of adults worldwide do not have bank accounts many report problems with access that could be easily solved by changes […]
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