Money laundering, oligarchs, terrorists: How corrupt are the banks?

Are banks helping criminals, oligarchs and terrorists to launder money? That’s what the so-called FinCen leaks allege.

 

Pandemic proves there is only one world reserve currency

The mighty dollar shows reserve currency dominance. Plus, India's banking troubles and travel industry under COVID-19.

Rich nations have spent more than $9 trillion so far on tackling the economic fallout from COVID-19. And more spending is on the way as governments try to ensure there is a functioning economy post the pandemic. 

The damage done is likely to surpass the financial crisis and maybe even the Great Depression. 

It is the worst economic crisis in the last 70 years.

Who actually pays for your credit card rewards?

Shoppers love credit card rewards. Banks promise offers of cash back, bonus miles, and cash bonuses to get you to sign up and spend. In 2018, 92% of all credit card spending was made on a rewards card. Some people, like Brian Kelly, a.k.a "The Points Guy," have even made a career our of maximizing these rewards. But who ends up actually paying for all these rewards? (Hint: it’s probably you.)