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...
Tag: Banking
Two Fed Officials Make Case for Caution With Future Interest Rate Raises
Two Federal Reserve officials began laying out a case for exercising caution in raising interest rates after policy makers last month telegraphed plans to continue lifting rates at their fastest pace ...
Bernanke says Fed shouldn’t use interest rates to ‘fine-tune’ financial stability risks
The Federal Reserve shouldn’t use its interest-rate policy to “fine-tune” financial stability risks, said former Fed Chairman Ben Bernanke on Monday. Speaking to reporters at the Brookings Institution...
Circle CEO Jeremy Allaire Says JPMorgan and Traditional Finance Threatened by Idea of Full Reserve Banking
The chief executive of the company behind USD Coin (USDC) says that traditional financial institutions are feeling vulnerable to the idea of full-reserve banking systems. In a new discussion with Shar...
Opinion: How you can save $60k for a home down payment without risk or waiting forever
Yes, starting from zero and trying to save a bit each month will take a while. To put together that princely sum, you’d have to save $500 a month for around nine years in a high-interest savings accou...
Credit Suisse CEO Tries to Shield Employees from the Storm
Reassuring internally and externally. This is the mission that Ulrich Körner set for himself at a time when Credit Suisse, founded in 1856, is going through one of the most difficult and painful perio...
Bank of America to Pay $1.84 Billion to Settle Last Major Mortgage-Crisis Suit
Bank of America closed the door on its last major litigation over mortgage bonds that were at the heart of the financial crisis of 2008. The Charlotte, N.C., bank said Friday it would pay $1.84 billio...
Sticking with your Medicare plan this open enrollment season? You could pay a hefty price.
Even Medicare beneficiaries happy with their plans should take the opportunity this open enrollment season to comparison shop — and review their current coverage. Medicare’s annual open enrollment pe...
Bank Stocks Have Gotten Slammed. Here Are 4 Worth a Look Ahead of Earnings.
Another bank earnings season is coming upon us, and no one is feeling too excited. Yet excitement isn’t what makes stocks like Citizens Financial Group and M&T Bank attractive. Make no mistake, ba...
A ‘Fed pivot’ still is the best shot for stocks to rebound
Timing the market has been a nagging question for investors ever since the stock market began its decline by roughly 25% in January this year. The right answer likely hinges on whether or not the Fede...
Weekend reads: How the Fed’s punishing policy can set you up for massive gains in the stock market
During a long bear market, investors’ moods can be so bleak and muddy that they cannot envision better times. But they always come. Warren Buffett has shown repeatedly over the decades how to enhance ...
Bond markets facing historic losses grow anxious of Fed that ‘isn’t blinking yet’
The Federal Reserve has been showing no signs of letting up on aggressive rate hikes, even as its policies fuel carnage for the ages across the roughly $53 trillion U.S. bond market. As a result, borr...
S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long
Fears of an actual recession are weighing on investors near the end of 2022, but there is another type of recession also in sight: an earnings recession. The S&P 500 index would already be in an e...
How credit cards ruined the airport lounge
This article is reprinted by permission from NerdWallet. Years ago, there were business travelers and there were leisure travelers, and nary did the perks of the high-flying former trickle down to th...
Fed may need to pivot by early November, when ‘something breaks’: Scott Minerd
With multiple cracks emerging in global financial markets, the Federal Reserve may be forced to end its aggressive rate hikes “when something breaks” and to pivot by the end of the World Series this f...
Will the stock market be open on Columbus Day?
It’s a regular day of business for the U.S. stock market on Monday, October 10, as equity exchanges stay open for Columbus Day, a federal holiday that also has been recognized as Indigenous Peoples’ D...
Credit Suisse’s defeault swaps continue to skyrocket indicating a systemic risk in EU banking
The global markets might be pointing to a European banking crisis with Credit Suisse (NYSE: CS) at the core of it. The banking giant dominated the news again on Monday, October 3, with reports questio...
Revolut’s EU banking COO jumps ship to join Headline-backed crypto startup: sources
Adriana Restrepo, the chief operating officer of Revolut’s European banking operations, has left to join a crypto startup founded by the neobank’s former head of crypto Jean Meyer, three p...
Here’s how much Shark Tank star Kevin O’Leary says you need in savings right now (and psst: it’s a lot less than Suze Orman recommends)
Shark Tank star and investment mogul Kevin O’Leary says keeping large sums of money in a low-interest savings account is a big mistake. (Photo by Dia Dipasupil/Getty Images) Getty Images Rates on high...
Short positions are building in Credit Suisse, but it’s still not the European bank with the most bets against it.
Credit Suisse shares have dropped to record lows this week and derivatives bets against it have surged, but the Swiss lender is not even the most shorted European bank in Europe. Make no mistake, shor...
Britain’s shadow banking system is raising serious concerns after bond market storm
Analysts are concerned about a knock-on effect to the U.K.’s shadow banking sector in the event of a sudden rise in interest rates. Photo by Richard Baker | In Pictures | Getty Images LONDON — A...
The stock market is wrong: the economy isn’t going to ‘blow a gasket’ just yet, warns economist
While this year’s sharp selloff in stocks might feel brutal, particularly after the carnage of September, the S&P 500 remains about 17.1% above year-end 2019 levels, according to Dow Jones Market ...
10 energy stocks that are analysts’ favorites as OPEC makes oil-production cuts
The OPEC+ group of oil-producing countries has agreed on a drastic cut to the global supply. The speculation has helped oil reverse its recent declines. And that means it’s time to take another look a...
Mastercard Launches New Crypto Fraud Prevention Service for Banking Institutions: Report
Financial services giant Mastercard is launching a software tool aimed at assisting banks in identifying and preventing fraudulent transactions emanating from crypto exchanges. According to a new CNBC...
Rich millennials say this is the best long-term investment
Millionaire millennials haven’t been deterred by this year’s collapse in cryptocurrencies and “nonfungible tokens” and still see them as the No. 1 way to build long-term wealth, a new study finds. Tho...