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Finance News
UK Unemployment Surges to 4.5% on Record Redundancies
Redundancies reached their highest level since 2009 this summer as companies struggle to weather the COVID-19 pandemic.
Bank of England Asks Banks About Readiness for Negative Interest Rates
New communication from the UK’s central bank has heightened the odds of negative interest rates being adopted in 2020.
HSBC Commit to Carbon Neutral Client Base by 2050
Europe’s largest bank has also earmarked between $750 billion and $1 trillion in financing to help its clients make the transition.
UK Economic Recovery Slows in August
The UK’s economic growth fell below analysts’ expectations in August despite a boost from reopening restaurants.
JPMorgan Commits $30 Billion to Closing US Racial Wealth Gap
The pledge will fund affordable housing projects and provide new mortgages to Black and Latino customers.