When Indian Prime Minister Narendra Modi announced in November that the country would no longer use its R500 and R1000 (approximately $7.50 and $15.00) currencies — which make up 86 percent of all cash in circulation in India — observers questioned the wisdom of the… Read More
Will fintech startups cause the demise of banks or come to their rescue? This was one of the topics debated at The “Future of Banking” event held by The Economist in Paris on March 10th 2016. The Future of Banking was aptly subtitled “Survival of… Read More
In five years time, the finance sector will be very different from what it is today. A range of new products, built on recent innovations spanning mobile money and robo-advisors to bitcoin and the block chain, and new players alongside older ones will create new… Read More
Is this a defining moment? For many I suspect it will be – although to judge by the comments, some of them who clearly think that the trust that the banks squandered long ago is still in place, other who clearly see the old order… Read More
The embedded audio below is from a periodic segment produced by the Economist as part of their “Money Talks” series. This specific session recorded earlier this month touches on China and the booming stock market, Peer to Peer Lending Market and the rise in dollar denominated debt. The… Read More
Chilango, a UK based Mexican restaurant chain, was the first mini-bond ever to go the crowdfunding route. Called the “Burrito Bond” the offer for the 4 year security with an 8% coupon launched this past June and quickly funded hitting its initial goal of raising £1… Read More
In a recent article in the Economist, the sensible Schumpeter columnist spoke about the need to fix the American capitalist machine. They noted that during the 1950s GDP grew by 3% a year. After a painful period of stagflation, the Reagan Revolution re-ignited entrepreneurism and… Read More
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