The Pound Tumbles as Britain Announces New Tax Cuts to Fight Inflation
Ian Krysztofiak, Staff https://www.bloomberg.com/opinion/articles/2022-08-17/hsbc-citigroup-and-the-end-of-global-banking The British pound hit a record low of $1.0349 when compared to the dollar during Asian trading hours on Monday, surpassing 1985’s previous record low. This comes after the British government unveiled tax cut programs on Friday. These plans include canceling the proposed plan of a 25% corporate tax hike, and…
Interest Rates. On the Rise Again?
Jorden McVeagh, Editor What do Rising Interest Rates Mean for Your Money? | Access Wealth This upcoming Wednesday Sept. 21, The Federal Reserve will meet to discuss the topic of raising interest rates once again. The past two meetings have resulted in two interest rate hikes which is significant since they haven’t raised rates since…
Goldman Sachs Prepares for Layoffs as Deal-Making slows
Jason Ryan, Staff Goldman Sachs is a leading American multinational investment bank and financial services company headquartered in New York City. The company provides a wide range of services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. Goldman Sachs is preparing for a round of layoffs that could…
Financial Problems turn Personal Problems for Bed Bath and Beyond
Jorden McVeagh, Editor On Sunday Sept.4th, Bed Bath and Beyond Chief Financial Officer Gustavo Arnal was found dead by New York City Police Officials. The former 52-year-old CFO was identified as deceased after it was found he threw himself off the balcony of his 18th floor high-rise apartment. Arnal had joined the company at the…
Crypto guide for someone who knows nothing about crypto
Elizabeth McLaughlin, Editor
This will be my last article in the business section of my beloved school newspaper. Reflecting on my time spent editing this section for the past year, I have one regret: I wish we had talked about crypto more. That’s not because I’m a crypto fanatic; I don’t own any Bitcoin or Ethereum or tokens. But I am about to complete my B.S. in finance and launch my art and design business. Given my background in finance coupled with my perspective as an artist, crypto clearly intersects with my interests.
Credit Suisse prepares for senior management changes after a year of crisis
Ian Krysztofiak, Staff
The Swiss investment bank Credit Suisse (NYSE: CS) reportedly has plans to replace some of its senior management positions in the coming months after the chief financial officer, general counsel and Asia-Pacific head are set to step down. Chairman of the board, Axel Lehmann, is hoping to put the bank back on stable ground after recent losses and scandals. Credit Suisse was founded in the 1800s to fund the Swiss railway system, but has since grown into a double digit billion dollar holding company with reaches into nearly every international market.
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