FinTech Today

Read Time: 4 mins As the world is suffering from the coronavirus pandemic. It is really important to understand how the measures taken by certain governments are going to affect their respective economies and the economy worldwide. As we know that the majority of the firms these days work on Capitalism and that has led us to cheaper solutions to the majority of our stuff. But is Capitalism really good for us and should we keep up with the flow and let Capitalism grow like it is or should we focus to drive Socialism instead? Let's deep-dive and understand that how the surroundings are changing and what COVID-19 may lead us to. First of all, let's understand what Capitalism is? C apitalism is basically an economic and political system wherein a country's industries and trade are managed and controlled by private owners, also known as shareholders, on a for-profit basis. Although no country is fully Capitalized here is a list of countries wherein the majority is con...

Read Time - 2 mins The Recovery of financial services, especially Banks, is a mix of positive and negative growth. As we know many banks were able to come out of the global crisis without much effect, however, some banks made it with a bare minimum in their pockets to survive and all have done the aftermath really well to recover from the crisis and to generate profit for the economy. As we know that Lehman filed Chapter 11 bankruptcy with a loss of $600 billion and Merrill lynch barely made an escape with the help of Bank of America. Let's see where the top-notch banks are and how they performed over the last decade since 2008. The list of banks that we'll be analyzing will be: J.P. Morgan Wells Fargo Bank of America Goldman Sachs  Citigroup Morgan Stanley As you can see that J.P. Morgan and Wells Fargo are the only 2 banks that have advanced in a better way then they have from 1998-2008 than from 2008-2018. Goldman Sachs was able to maintain similar g...