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Capitol Report: Cannabis-banking bill approved by House; future in Senate uncertain
Marijuana-related businesses would have one industry obstacle -- access to the U.S. banking system -- made less burdensome under a bill that passed the House on Monday evening......»»
Airbus announces additional production pauses
Airbus said on Monday it had decided additional production pauses, in Germany and in the United States, in response to an industry-wide slowdown triggered by the coronavirus crisis......»»
Wall Street tells Trump financial system strong, ready to support borrowers
The U.S. banking industry is strong and ready to help businesses and consumers weather economic fallout from the fast-spreading coronavirus, Wall Street chief executives told President Donald Trump during a meeting at the White House on Wednesday......»»
India"s Auto Sector Comes To A Screeching Halt, Sales Crash In August
At the heart of the global manufacturing slowdown, is the slump in the auto industry in China, Europe, and India. More specifically, it's the spectacular crash of the Indian automobile industry in 2019. .....»»
German inflation slows, jobless total edges up as economy splutters
Germany shows more signs of a slowdown, while UK data points the way down for its beleaguered car industry. David Pollard reports......»»
Open banking system to the cannabis industry, 33 attorneys general urge
Attorneys general from 33 states on Wednes.....»»
Bill would allow limited-service banks for cannabis businesses
A bill before the California Senate would seek to create limited-service banks and credit unions for the cannabis industry, which is largely banned from using the regular banking system. Senate Bill 930, which would allow marijuana businesses to wri.....»»
Crisis in banking system has led to slowdown of investment flow: IL&FS
The recent crisis in the country's banking system has impacted investor sentiments, leading to some slowdown in the investment flow, a top official from IL&FS Financial Services said. The crisis, however, gives an oppo.....»»
Market Extra: China props up domestic growth in light of trade worries, economic slowdown
The People’s Bank of China injected some $74 billion worth of medium-term lending facility loans into its banking system overnight, in a move considered to be the start of a new phase for China......»»
World economy at risk of another financial crash, says IMF
Debt is above 2008 level and failure to reform banking system could trigger crisis.....»»
Cry me a river: Low water levels causing chaos in Germany
A hot, dry summer has left German rivers and lakes at record low water levels, causing chaos for the inland shipping industry, environmental damage and billions of euros in losses......»»
Iran Shuts Off Oil Tanker Tracking System As US Sanctions StartÂ
The US on Monday (Nov 5) is reimposing disciplinary measures targeting Iran's oil, shipping, insurance, and banking sect.....»»
Optional warning light could have aided Lion Air engineers before crash: experts
An optional warning light could have alerted engineers about mechanical faults on Lion Air's Boeing 737 MAX jet that crashed last month, experts said, sparking an industry debate over whether installing the system should become mandatory......»»
Australian Treasurer says bank inquiry to end industry uncertainty
Australian Treasurer Josh Frydenberg on Monday said the final report of a wide-scale inquiry into the banking system would end uncertainty hanging over an industry that was "a key artery" of the economy through the provision of credit......»»
Guest column: Bank of Albuquerque CEO sees growth opportunities for sector
"The banking industry has recently navigated a challenging period, characteri.....»»
Community bank taps former BankUnited exec for C-suite role
The banking veteran has 35 years of industry experience......»»
First Horizon exec"s retirement prompts promotion to C-suite
Springfield's 30-year banking industry career culminated in becoming First Horizon's chief credit officer in 2013......»»
Recent Crypto Market Was A Testament, But "The System Didn"t Break," Says Global Macro Investor"s Raoul Pal
The recent cryptocurrency market crash is a testament to its ecosystem's reliability, according to Raoul Pal, CEO of Global Macro Investor, a global macro advisory publication. read more.....»»
Colonial Pipeline"s shipping system hit with brief outage
The communications system used by shippers on the Colonial Pipeline experienced intermittent disruptions......»»
Colonial Pipeline"s shipping communications system is down
The communications system used by shippers on the Colonial Pipeline experienced intermittent disruptions......»»