Articles on Banks

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Droughts don’t just dry up water — they drain livelihoods and destabilize local economies. Cracks are visible in the dry ground in Cabo de la Vela, Colombia, Feb. 7, 2025. (AP Photo/Ivan Valencia)

Droughts don’t just dry up water — they drain livelihoods and weaken local economies

New research has found that a two-year drought can have the same economic impact on a region as a one percentage point increase in the unemployment rate.
Fed Chair Jay Powell is betting that banks can withstand the end of his rescue programme in March. EPA

Why economists are warning of another US banking crisis

The Ides of March will coincide with one or two changes to the financial system that could cause problems for banks and the economy.

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