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- Take your mind back 10 years to the financial crisis. US banks gave out a flurry of subprime mortgages, created collateralized debt obligations, house prices fell and interest rates rose, and then the bubble burst. Subprime borrowers could not meet the higher interest rates, the defaults flooded in and banks were faced with serious liquidity problems. Despite the Feds best efforts, Lehman Brothers filed for bankruptcy, Indymac collapsed, Bear Stearns […]Read More...
- Big Commercial Stories | November 2018 UK Digital Services Tax: The UK has proposed to introduce a 2% digital services tax in April 2020. This would be levied on UK-generated revenues of “specific digital business models”, like search engines, social media platforms and online marketplaces, with global revenues of at least £500m. This tax aims to ensure that large technology companies pay their “fair share” of taxes on the profits […]Read More...