Check volumes in the US may have peaked, according to revised Federal Reserve figures. The Federal Reserve System has revised the Retail Payments System Research it initially released in November 2001, lowering its estimate of the number and value of checks written in 2000. This suggests check use may have peaked in the mid-1990s. Due to additional analysis of the original payments system research, the Fed has lowered its estimate to 42.5 billion checks valued at $39.3 trillion, down from the previous estimates of 49.6 billion checks valued at $47.7 trillion. ‘The Federal Reserve’s update states for the first time that check use is actually declining. The new, lower figure and the declining trend are big aftershocks to the change in thinking about check use that has occurred since the initial release of the Fed’s research,’ said Michael Herd, spokesman for NACHA – The Electronic Payments Association.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.