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Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide


Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...

Protests Led RBI to Raise PMC Bank’s Withdrawal Limit


The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank...

Bitcoin Price Dips Below USD 8,000, Ethereum Price Sinks 5%


The most popular cryptocurrency, bitcoin, just broke another important price level this week, dropping below USD 8,000 for the first time since June 11. The total market capitalization went down by 5%. At pixel time (17:41 UTC), bitcoin trades at c. USD 7,980 and is down by 5% in the past...

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