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Global downturn

McKinsey to banks: innovate or die

by Andy Uhler
Oct 22, 2019
Traditional banks are ceding market share to new platforms.
IndyMac Bank failed during the last recession. Above, customers are allowed into a branch in Pasadena, California after the federal government seized the failing bank in 2008.
David McNew/Getty Images
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Rhetoric aside, a global downturn would hit the U.S., too.

by Tracey Samuelson
Dec 10, 2018
Economic growth in the rest of the world will slow next year. And that slowing growth will take a bit of wind out the U.S. economy’s sails. So said Maurice Obstfeld, the outgoing chief economist of the IMF, this past weekend. In other words, despite “America first” rhetoric and increasingly nationalistic economic policies, the United States […]
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