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Profiling by powerful tech firms risks undermining consumer choice

4 mins read

The FINANCIAL --  Behavioural targeting online by dominant ad-tech businesses risks the welfare of consumers, requiring stricter enforcement of current laws, according to new research from experts in ethics and law from the Oxford Internet Institute.…

Lenders continue to provide financial support for customers impacted by Covid-19

4 mins read

. 127,000 mortgage payment deferrals in place in mid-November, a significant reduction in customers seeking this form of support from June’s peak of 1.8 million . 55,000 credit card and 22,000 personal loan payment deferrals in place for customers facing financial difficulty, reduced from 84,000 payment deferrals on credit cards and 50,000 on personal loans…

Bank of America’s Q2 profit plunged over 50%

4 mins read

The FINANCIAL — Bank of America reported its second-quarter 2020 financial results today. “It is the most tumultuous period since the Great Depression for Bank of America”, says its CEO Brian Moynihan. The fall in revenue and profit was broadly in line with other Main Street peers that have suffered from the need to brace for a…

March 2020: Consumer confidence still holding up globally, but expectations are down

2 mins read

At 48.5, March 2020’s Ipsos Global Consumer Confidence Index, measuring consumer sentiment across 24 world markets, remains unchanged against last month and virtually unmoved since the beginning of the year (48.7). However, the Expectations Index (56.5), reflective of consumers’ outlook on employment, their financial situation and their local economy is down 0.4 points vs. last…

French Consumer Confidence Steady in December

1 min read

The FINANCIAL -- French consumer confidence was stable in December for the third consecutive month, statistics showed on January 6, belying concerns that the November terror attacks would rattle households in the eurozone's second- largest economy, according to Nasdaq.…