A campaign by a 78-year-old retired doctor with Parkinson’s disease against banks closing branches and moving services online resonates with a rapidly aging Spanish population.
Tag: Banking and Financial Institutions
As Fed Prepares to Raise Rates, Global Economy Sinks Deeper Into Turmoil
Federal Reserve officials are set to raise interest rates to control inflation, but the return to normal they had hoped to see remains painfully elusive.
With Sanctions, U.S. and Europe Aim to Punish Putin and Fuel Russian Unrest
The Biden administration and European officials are crushing the Russian economy and stirring mass anxiety to pressure President Vladimir V. Putin to end his war in Ukraine.
Western Sanctions Show Russian Vulnerability in Global Economy
Even countries with limited trade relationships are intertwined in capital markets in today’s world. Could the Russia sanctions change that?
Italy Takes a Risk in Joining Sanctions on Russia Over Ukraine
The two countries have had strong economic ties for decades, but the invasion of Ukraine has spurred the government in Rome to realign with European allies — at an outsize cost.
US Escalates Sanctions With a Freeze on Russian Central Bank Assets
The action is likely to fuel rapid inflation in Russia as it wages war in Ukraine.
Russians Face Sanctions and Anxieties of a Costly War
The ruble plunged, the stock market was shuttered and foreign investors shed holdings in Russian companies, deepening the concern among citizens who had become accustomed to the perks of globalization.
Russia’s Stock Market Closes and Ruble Crashes as Sanctions Hit
The hectic moves were the first signs that Western sanctions were shaking the foundations of Russia’s economy.
The Ruble Dropped to Record Levels Against Dollar
The ruble dropped to record lows against the dollar, stirring fears of inflation and bank runs, and the central bank raised a key interest rate sharply.
Biden Hits Russia With Broad Sanctions for Putin’s War in Ukraine
The penalties will affect Russia’s biggest banks, its weapons industry, its largest energy company and families close to President Vladimir V. Putin. The country’s stock market has plummeted.