Boris Johnson & 'global Britain': An 'eastern' battle cry

Whether Theresa May's replacement as British Prime Minister this month will have tectonic consequences remains to be seen, but her successor's, Boris Johnson's "global Britain" cry raises an eyebrow or two for a country far too historically steeped in "global" dynamics. His first call was when he was mayor of...

The dilemma of interest rate spread

The difference between deposit rate (DR) and lending rate (LR) is known as interest rate spread (IRS). The IRS accounts for banks costs and profits. The two rates - DR and LR - generally move together in the same direction with the spread often narrowing or widening depending on many...