The banks claim they’re complying with anti-money laundering regulations. … Read More All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money
The economic miracle fueled by foreign-currency debt… Read More Loans Sour in Turkey, Inflation Hits 25%, Interest Rates Spike, Fears of Contagion Rise
To diversify from the euro-debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, they’re in a new crisis… Read More No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks
The biggest loser: BBVA, Spain’s second biggest bank.… Read More As Turkish Lira Collapses, Foreign Banks in Turkey Rue the Day
“With Amelia, we graduate into automating the knowledge worker, the customer service agent”… Read More Humans Need Not Apply: AI to Take Over Customer Service Jobs
It’s not just countries that are at risk of contagion.… Read More Who’s Most Afraid of a Latin American Debt Crisis (Apart from Latin America)?
Investment bank Mediobanca warns of “clear risk of contagion”… Read More Just How Safe is Spain’s Banking System?