Notifications
Shares in Chinese banks rose sharply on Monday after more lenders reduced interest rates on deposits, in a move that would boost margins and assist with Beijing's broader economic goals of increasing spending and credit demand. China Citic Bank and Bank of China surged by the 10 per cent daily trade...
US futures entered the last day of a brutal week in the green ahead of key US jobs data, as regional banks clawed back some of their recent selloff, even as the S&P 500 benchmark was still poised for its worst weekly performance in almost two months. The S&P 500 contracts climbed 0.7% as of 7:30 a.m...
The EU has so far escaped the crisis seen in the US but weaknesses mean risks remain... Europe — with the exception of Switzerland — has had a good banking crisis so far, with no domestic stress. This is not an accident: the EU has done a better job of regulating and supervising its banks than the U...
In 2022, Massachusetts Senator Elizabeth Warren authored a bill that would require cryptocurrency wallet providers to comply with bank Anti-Money Laundering rules. Not crypto exchanges, mind you, but the wallets themselves. Kansas Senator Roger Marshall joined her on the proposal as a co-sponsor. Sa...
MOSCOW (Sputnik) - Indian billionaire banker and CEO of major private bank Kotak Mahindra Bank, Uday Kotak, panned the US dollar as "the biggest financial terrorist in the world," but soon toned down his remarks. "I genuinely feel that the biggest financial terrorist in the world is the US dollar. A...
Earlier reports indicated the troubled First Republic Bank would be coming under government seizure after the US firm saw its stock value nosedive amid its failed attempts to obtain investments. The downfall of the US institution came in the wake of the Silicon Valley Bank (SVB) collapse. The Federa...
by News Worthy
Credit started tightening six to nine months ago,” said the developer, a close friend, entrepreneur, with large residential projects across the nation. “It started with the money center banks,” he continued. “This pushed us to regional banks for our latest projects, but then SVB happened.” The marke...
Today, there is at least $7 trillion in uninsured bank deposits in America. This dollar value is roughly three times that of Apple’s market capitalization, or about equal to 30% of U.S. GDP. Uninsured deposits are ones that exceed the $250,000 limit insured by the Federal Deposit Insurance Corporati...
Trust in central and commercial banks is eroding quickly. The internet and social media are oil in the fire and Bitcoin is the extinguisher... TRUST US, BRO’ AS THE ONLY TOOL LEFT Banking only works when there is trust. It’s fundamentally based on the belief that the banking system is strong and res...
Q1 2023 - and even more specifically the month of March - can be summarized with one simple image... Bank crisis in US and EU, global war rhetoric rising, de-dollarization actions escalating, US layoffs exploding? Makes you wonder about the state of the dollar eh? BUT Everything must be ok right - t...
by News Worthy
The recent collapse of the Silicon Valley Bank (SVB) in the United States, and its cascading effect on India’s tech startup ecosystem, has thrown a much-needed spotlight on why such startups domiciled – or resided – in the US in the first place, and why it is pertinent to bring them “back to India”....
The banking crisis that started with the failure of Silicon Valley Bank (SVB) is putting major U.S. LNG projects at risk, as rising interest rates and supply chain issues introduce financial challenges that have already led to delays. According to Reuters, two of four new projects that were slated f...
