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US Consumer Price Index Drops To 2008 Level In April

PYMNTS

It’s the largest monthly decline since December 2008. The indexes for rent, owners’ equivalent rent, medical care, and household furnishings and operations all increased in April. The CPI, a measure of the change in the prices of goods and services, dropped 0.8 percent in April on a seasonally adjusted basis.

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JPMC: Why Working-Capital Trade Finance Is On The Rise

PYMNTS

Although the 2008 financial crisis jolted the world economy, the financial conditions leading up to the disruption had been a long time coming. Lessons Learned From 2008. It’s perhaps the biggest economic difference between then and the current climate, in which a global pandemic thrust millions of workers in the U.S.

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UK productivity growth from 2008 to 2018: weakness was structural, not cyclical

BankUnderground

Monetary policy makers need to know whether the economy is operating above or below its supply capacity. If the economy is operating above its supply capacity, inflation is likely to rise, and vice versa. The black line in Chart 1 shows that labour productivity – defined as output per hour worked – has stagnated since around 2008.

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China Eyes Limits On Bank, FinTech Partnerships

PYMNTS

Chinese officials have warned in recent months that the tech sector faces significant new regulation , lest companies operating within it become too powerful. Reuters reported that Chinese officials last week invoked a pro-competition law for the first time since its 2008 inception to levy fines against companies such as Ma's Alibaba Group.

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Poland?s Alior Bank to Launch Standalone Challenger Bank

Bank Innovation

Alior Bank, headquartered in Warsaw, was founded in 2008 and has more than 3 million customers, 216 branches, 219 high-tech mini branches that it […]. PREMIUM - Add another challenger bank to the mix, this time in Eastern Europe.

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Is the CFPB Ruling Important for the Future of Fintechs?

Bank Innovation

Recently a federal appeals court decided that the Consumer Finance Protection Bureau—a federal organization designed to safeguard against some of the pitfalls that led to the 2008 crisis—had been operating unconstitutionally, something which is certainly a blow to the agency itself and will no doubt have ramifications for how it Read More.

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Banking Innovation Enters New Era; Consolidation Now The Rule

PYMNTS

Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. Before 2008, banks were making a lot of money from a lot of things,” noted Lukies.