Banks are curtailing “cash services.” But why?
Turkish lira in free-fall, down 18% in two days.
Bad habits die hard.
The horribly botched IT upgrade hits the income statement.
The competitive advantage rideshare giants have over local taxi firms is their ability to burn cash, as investors eagerly subsidize each ride.
It’s a brutal environment.
Tourism accounted for a quarter of the jobs created since 2013 — but mass-tourism of this type brings its own problems.
Contracted to fix the fiasco, IBM estimates costs at $1.25 billion: sources. There’s even talk of divorce, after just 3 years of corporate marriage.
Payback time for the financial sector that was bailed out by taxpayers, the new government thinks.
The biggest loser: BBVA, Spain’s second biggest bank.