Author: Arabian Media staff
Analysts at the firm rolled out their coverage of 32 regional banks ahead of annual regulatory stress tests in June. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.HSBC has told staff at its UK retail bank that their bonuses could be cut if they fail to come to the office often enough.HSBC UK informed staff this week that line managers would start monitoring office attendance more closely, and adherence to its policy would form part of their annual performance review, according to a person familiar with the matter. If employees failed to meet the bank’s previously announced requirement of spending at least 60 per cent of their time in…
When it comes to annual spending, Generation Z spends less than older generations, such as millennials, Generation X, and baby boomers. So, how thrifty is Gen Z compared to their older counterparts? In 2023, Gen Z spent $52,891 on their average annual expenses, according to the most recent data from the U.S. Bureau of Labor Statistics. Millennials spent considerably more, $81,589, and Gen X spent the most: $95,692. Baby boomers spent $70,207. Key Takeaways Based on average annual spending data, Gen Z spends less than millennials, Gen X, and baby boomers.Gen Zers are teenagers still living at home and young…
“As a millennial, it’s been a long time since I’ve gotten physical mail. I had no idea that my relative would have been receiving solicitations daily from charities.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is part of the FT’s Financial Literacy and Inclusion Campaign At what age are children the most keen to learn about money? According to financial educator Abigail Foster, it is seven. Faced with a class of children, she says she can easily tell which ones talk about money at home with their parents, and those who do not.“The kids that don’t talk about money at home won’t put their hands up to answer questions, whereas those that do are just…
Presidential travel can make for splashy headlines—as when President Trump touched down in Riyadh trailed by nearly three dozen U.S. business titans hoping to ink deals alongside him. Photos of red carpets, armored limousines, and pallet‑loads of equipment revive an enduring question: Who exactly boards Air Force One with the president, and how big is the bill they rack up as they travel around the world? The answer is often several millions of dollars. And in almost every case, taxpayers foot the costs of aircraft, security, lodging, and logistics. With Congress sparring over the budget, taxpayers have fresh reason to scrutinize the…
Legislation regulating stablecoins, a type of cryptocurrency whose value is pegged to another asset, is set for a vote in the Senate. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Dior has agreed to pay €2mn to fund programmes to identify victims of labour exploitation as part of a settlement with Italy’s competition watchdog, after a probe into unfair practices at some of the luxury group’s subcontractors.Italy’s Authority for the Guarantee of Competition and the Market said on Wednesday it had closed an investigation into Dior “without establishing any infringement” after the company agreed to remedies, including funding an initiative to identify and support victims of labour exploitation.The watchdog had launched an…
Sometimes moving money to a Roth IRA just doesn’t make sense. Source link
The French energy giant was forced to pause a huge LNG scheme in Mozambique after Islamist militants launched a deadly attack. Is the region safe enough for it to restart? Source link