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How American bankers dodged the MAGA carnage

Wall Street was poorly represented in the expensive seats behind Donald Trump at his inauguration. That honour fell instead to the leaders of America’s technology industry, who turned up en masse. Was this a humbling exclusion? Not quite. Whereas Silicon Valley travelled east to avoid retribution, Wall Street stayed away because it expects none.

Source: Finance - economist.com

China’s financial system is under brutal pressure

Gentle drop in UK savings rate to boost consumer spending, Capital Economics says