Silicon Valley Bank headquarters in Santa Clara, California – Philip Pacheco Depositors can’t get their money out. Payrolls might not be met next weekend. And small companies, especially i...
Tag: bankers
A Coinbase exec tried to tell a crowd of bankers that crypto is ‘the money of tomorrow’—and was immediately shot down by an ECB director onstage
The world according to Coinbase frames cryptocurrency in an unsurprisingly optimistic light: It’s the “money of tomorrow,” a form of payment that is more efficient, transparent, and fair. The problem ...
China Warns ‘Hedonistic’ Bankers to Toe the Communist Party Line
(Bloomberg) — Bankers in China are being told to rectify their mindsets, clean up their “hedonistic” lifestyles and stop copying Western ways. Most Read from Bloomberg The directives, part of a ...
Real estate slump hits home as Wells Fargo axes hundreds of mortgage bankers days after taking some to a California resort
Picture a conference in Palm Desert, Calif., where the weather is warm and the activities are as much recreational as educational. Wells Fargo bankers were recently treated to such a company-sponsored...
Wells Fargo lays off mortgage bankers days after rewarding some with California retreat
Palm Spring Deserts, California Lonely Planet Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC...
Star Banker’s Disappearance Surprises Even China’s State Lenders
(Bloomberg) — The disappearance of Chinese banker Bao Fan has surprised even some of his state-owned lenders, several of which are asking his firm for more information as they assess their expos...
Central Bankers Curb Their Enthusiasm for Rate Hikes
(Bloomberg) — Waning global enthusiasm for aggressive interest-rate increases may dominate the dozen or so central-bank decisions due in the coming week. Most Read from Bloomberg In the wake of ...
Crypto Media House CoinDesk Taps Bankers to Explore Potential Sale
CoinDesk’s CEO to explore ways to attract growth capital for the company. CoinDesk has received several inbound indications of interest in the firm. Last year, CoinDesk had revenue of $50 million. Acc...
Global bankers push urgent regulation of Bitcoin
Several global central banks and regulators have utilized the ongoing World Economic Forum (WEF) summit in Davos to call for the urgent rollout of basic regulations targeting cryptocurrencies like Bit...
Credit Suisse Set to Cut 10% of European Investment Bankers: FT
(Bloomberg) — Most Read from Bloomberg Credit Suisse is planning to cut more than 10% of its European investment bankers this year, adding to hundreds of job losses in London and Zurich, the Fin...
Elon Musk’s Bankers Considering New Tesla-Backed Margin Loans to Slash Twitter Debt
Banks had to fund the whole debt package with their own cash due to a decline in the credit markets. According to people familiar with the matter, Elon Musk’s bankers are considering providing new mar...
Justice Department tells bankers to confess their misdeeds
U.S. prosecutor Marshall Miller (C), William Nardini (R) and Kristin Mace attend a news conference in Rome February 11, 2014. Tony Gentile | Reuters Banks and other corporations that proactively repor...
Indian CBDC Fails to Impress Bankers in Initial Trials: Report
The initial excitement among Indian bankers over the launch of a central bank-sponsored digital rupee seems to be fizzling out. They find it adding to their paper and accounting work without bringing ...
Humbled Central Bankers Scale Back Their Ambitions
(Bloomberg Markets) — Once seen as the world’s go-to economic crisis fighters, central bankers are now desperately trying to contain a problem they allowed to happen: inflation. That’s eroded t...
Biden’s Asian Bankers Mull $3.5 Trillion Margin Call
Joe Biden wants to avoid a major pivot away from the dollar by Asian central banks. ANDREW CABALLERO-REYNOLDS/AFP via Getty Images As U.S. Treasury yields edge upward toward 5%, Asia is experiencing m...
Elon Musk Reportedly Tells Bankers He’ll Buy Twitter By Friday Deadline
Topline Elon Musk told the banks that are partially funding his $44 billion Twitter acquisition he plans to close the deal by Friday, a deadline set by Delaware state court judge, Bloomberg reported T...
Mortgage bankers expect rates to drop to 5.4% in 2023. What will home prices do?
NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says. “Our forecast is for home-price growth moderation to continu...
Central bankers want stablecoin regulation similar to banking
The Financial Stability Board (FSB) has just published two reports that contain recommendations for frameworks to comprehensively govern crypto-assets, and stablecoins. The Financial Stability Board i...
G20 Central Bankers: Stablecoins Are Not “Stable,” Suggests Action Against Crypto
The post G20 Central Bankers: Stablecoins Are Not “Stable,” Suggests Action Against Crypto appeared first on Coinpedia Fintech News The Financial Stability Board, a group of G20 central ba...
Robert Sarver’s Phoenix Suns Will Be Sold For At Least $2.5 Billion, Bankers Say
Robert Sarver (Photo by Christian Petersen/Getty Images) Getty Images Robert Sarver is about to make a killing on the Phoenix Suns. Last week, the NBA suspended Sarver for a year and fined him $10 mil...
Central bankers worry that a new era of high inflation is beginning
Jerome Powell, chair of the Federal Reserve walks in Teton National Park where financial leaders from around the world gathered for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., ...
Bitcoin price in limbo as Fed Chair prepares to address global central bankers
The volatility of the cryptocurrency market continues to be relatively low as investors prepare for the pivotal speech that will take place in Jackson Hole, Wyoming, on August 26, where the Chairman o...
Young Bankers Worry About Nights Off Early and Dark Days Ahead
(Bloomberg) — On a boat under the Statue of Liberty at happy hour one August Thursday, young Morgan Stanley colleagues sipped champagne and smiled. Two Citigroup Inc. banking analysts left the c...
Job cuts, smaller bonuses loom for Wall Street bankers
People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Investment bankers hit with a collapse in equity and debt issuance this ye...
One of the greatest financial historians alive says central bankers have been incompetent for decades and inflation is our ‘big hangover’
Who or what is responsible for the rampant inflation plaguing the global economy? President Biden has argued the key culprit is Russian President Vladimir Putin and his war in Ukraine, going so far as...
M&A Bankers See Crisis as Opportunity, With Celsius and Inflation in Focus
U.S. economy recorded 9.1% inflation in June, a new 40-year high. Will policy makers look for even more aggressive measures to tame inflation, and how would this affect crypto markets? Plus, Jeff Kara...
The American Bankers Association Holds Resistance Against Fed Issuing a CBDC – crypto.news
The American Bankers Association, which represents banks in the U.S., is warning against the potential risks associated with the use of digital currencies. In a letter to the U.S. Department of Commer...
The American Bankers Association really doesn’t want the Fed to issue a CBDC
The American Bankers Association, a major trade association representing banks across the US, is cautioning against a central bank digital currency. “The purported benefits of a U.S. Central Ba...
India’s Central Bankers Ring Danger Bells On Crypto, Yet Again
After reiterating the Reserve Bank of India’s (RBI) stance on cryptocurrencies last month, Governor Shaktikanta Das has in Thursday made a new comment. When the crypto market collapsed last month than...
Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCs – Emerging Markets Bitcoin News
Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencie...
Elon Musk’s bankers have a dilemma: do they help him kill the Twitter deal?
Wall Street lenders bankrolling Elon Musk’s $44bn acquisition of Twitter may soon find themselves in an awkward position: should they help the world’s richest person scupper the deal and thereby lose ...