BusinessCity banks plan 4,000 job cuts as lending margins narrow
Falling interest rates were meant to lift the economy. For the banks, they have squeezed the spread between what they pay savers and charge borrowers
5 min read
Falling interest rates were meant to lift the economy. For the banks, they have squeezed the spread between what they pay savers and charge borrowers
Discounters are still taking share; analysts say the cuts are coming out of suppliers, not profits
Foresight Research says its flagship model, Oracle, reads markets and news and trades without a human in the loop. It has yet to show the market its record