Final answer:
One current event related to the economy is the impact of the COVID-19 pandemic. Another current event is the increase in regulatory powers of the Federal Reserve Bank. Additionally, the rise of fintech companies is a current event related to financial services.
Step-by-step explanation:
One current event related to the economy is the impact of the COVID-19 pandemic. The pandemic has caused significant disruptions in financial services and the economy as a whole. For example, many businesses have experienced financial hardships and have had to lay off employees or close their doors permanently. This has led to an increase in unemployment rates and a decrease in consumer spending, which has further affected the economy.
Another current event related to financial services is the recent increase in regulatory powers of the Federal Reserve Bank. Congress approved a bill that introduced new rules and regulations to financial markets in the United States, with the increase in regulatory powers being the most controversial measure. This decision has significant implications for the financial industry and how it operates.
An additional current event related to financial services is the rise of fintech companies. Fintech refers to technology-driven financial services that aim to provide innovation and convenience. These companies offer online banking, mobile payment solutions, and alternative lending options, disrupting traditional financial services. Fintech has gained attention and investment in recent years, changing how financial services are provided and accessed.