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British banking giants deliver tax rise warning to new chancellor

Britain's biggest banks have fired a renewed warning to the government against hiking taxes on the industry as John Healey, the new chancellor, prepares to deliver his inaugural Budget in October.

British banking giants deliver tax rise warning to new chancellor

We haven't written up this one. Sky News has the full story — the link below goes straight to it.

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New York Moves Sweeping BNPL Regulation Closer to Implementation

New York regulators moved the state’s sweeping buy now, pay later (BNPL) law closer to implementation with a proposed rule that would regulate how consumers manage these loans through lenders’ websites and mobile applications. The new proposal builds on earlier rules governing the cost and underwriting of BNPL loans.

For Citi, the deterioration in delinquencies is far from over

O aumento da inadimplência no Brasil é generalizado – e o ciclo de deterioração está longe de terminar, o Citi disse num relatório enviado hoje a clientes.

  • Citi warns Brazil's delinquency problem worsening, not yet over
  • Credit-to-GDP ratio increased from 46% to 56% in 2023
  • M2 money supply rose from 40% to 58% of GDP this year

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