Rogue Trader is a story of a guy who caused a collapse of the world’s second-oldest bank in 1995. 20 years have passed since the film’s release so we’re a bit late for a review but we feel that it’s an important movie to remember because it’s underappreciated and misunderstood.
All of the major countries’ central banks hold a significant portion of their reserves in foreign currencies. Why do they purchase them and why the U.S. dollar is the most popular reserve currency? In this article, we’ll explain what the reserve currencies are, what purpose do they serve and why the world’s central banks hold them.
There are two main groups of market participants: institutional and retail investors. Contrary to popular belief, the majority of market participants aren’t small and independent individuals but large institutional investors who manage massive capital. In this article, we’ll explain the difference between institutional and retail investors with some examples.
Facebook didn’t show any interest in blockchain technology until early 2018 when the company formed a special blockchain group that is supposed to help Facebook find the best uses of blockchain tech. Not long after forming the blockchain group, Facebook announced its first blockchain product: a cryptocurrency named Libra.
When you open your first bank account an adviser would often propose you to get checking (otherwise known as current) and savings accounts. The first one, without any interest for your day-to-day transactions and the second one with a very small interest.
Recently some traditional economists were confused when they saw that more countries joined “the negative interest rates club”, so here is my opinion on this bizarre macroeconomic trend. We’ll try to explain why such a policy has occurred and why it can be a dangerous sign for the global economy.
On Wednesday, July 31, 2019, the Federal Reserve lowered interest rates by 25 basic points to a range from 2.00% to 2.25%. It was the first interest rate cut since 2008. Why did this happen and what are the possible consequences of such a change?