The battle over buy now, pay later — whether it’s helpful or hurtful to users — persists even after the Consumer Financial Protection Bureau last month withdrew its rule regulating such services.
The top four U.S. banks — JPMorgan Chase, Bank of America, Citi and Wells Fargo — represented 21% of the global financing in the latest Banking on Climate Chaos report.
The Swiss National Bank cut its interest rate to zero on June 19 and did not rule out returning borrowing costs to negative territory in future, although it stressed this was not a step it would take lightly.
The Bank of England left its interest rates on hold at 4.25% at its June 19 meeting, though the bank has indicated that cuts were coming later in this year.