The price of oil continued to rise last week, pushing above $50 a barrel, despite a decision by OPEC not to cut production. In this context, a rising oil price might be seen as a net positive for the global economy, but a report by Citigroup suggests the
Speaking at the Institute of Chartered Accountants in England and Wales, Jenkins touched upon banks’ reliance on maturity transformation – a core component of retail banking, critical to its very existence.
A Fed rate rise is expected to occur shortly as strength in economic data and the S&P 500 rose 2.2%. Reid believes that the first rise was perhaps a little early, expecting a rise to occur in September but with the “possibility of two rises this