According to a report that was published by The Wall Street Journal on January 21, the Federal Home Loan Banks System (FHLB) of the United States is reportedly lending billions of dollars to two of th...
Tag: Banks
U.S. Home-loan Banks Gave Billions of Dollars to Crypto Banks
Signature Bank, as well as Silvergate, has taken more than $13 billion from the federal home loan system. On January 21, The Wall Street Journal reported that the United States Federal Home Loan...
Silvergate Bank’s Parent Company Reported Massive 1Bn USD Loss in Q4 2022
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Wells Fargo, Disney, and 10 Other Stocks Value Investors Are Watching
Text size Eaton Vance’s Adam Dunn expects cost cutting at Disney and a more balanced approach to growth and profitability at Disney+ under newly reinstalled CEO Bob Iger. Getty Images Sometimes, being...
U.S. home-loan banks lent billions of dollars to crypto banks: Report
The United States Federal Home Loan Banks System (FHLB) is lending billions of dollars to two of the largest cryptocurrency banks in an effort to mitigate the effects of a surge in withdrawals, accord...
U.S Federal Home Loan Banks System (FHLB) lent billions to crypto banks amid surge in withdrawals – Cryptopolitan
To protect against the potential rise in withdrawals, The Wall Street Journal reported on Jan. 21 that two of America’s leading crypto banks are receiving billions of dollars from the Federal Home Loa...
Goldman Sachs slips on report the Fed is probing its Marcus business
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs shares came under pressure Friday afte...
Summers Warns of 1970s Crisis If Central Banks Relent on Rates
(Bloomberg) — Going soft on inflation will plunge economies back into the recessionary depths of the 1970s and have “adverse effect on working people everywhere,” former US Treasury Secretary La...
Three Regional Banks To Watch As Earnings Roll In
. Regional Bank Stocks Recent News The global economy remains fragile going into 2023. Uncertainties abound due to a less-than-ideal combination of factors: Russia’s invasion of Ukraine, supply chain ...
Federal Home Loan Banks are bailing out crypto
Listen to this article. The Federal Home Loan Bank (FHLB) system is suddenly finding itself bailing out numerous cryptocurrency-friendly banks, such as Silvergate and Signature. Estimates suggest they...
Indian IT Minister Refutes Central Bank’s Stance On Crypto
India’s junior minister of electronics and information technology (IT), Rajeev Chandrasekhar, has recently released a statement about crypto that is not in consonance with the central bank’s view. Cha...
Push for more stable revenue streams has worked
Morgan Stanley ‘s (MS) multiyear transformation plan has been a success, CEO James Gorman said with pride Thursday — and, as shareholders, we see no reason to disagree. “We’ve steadi...
Novartis CEO says Covid to become endemic, calls for better pandemic preparedness
Novartis said in August that it plans to spin off its generics unit Sandoz to sharpen its focus on its patented prescription medicines. Bloomberg | Bloomberg | Getty Images The chief executive of Swis...
Japan Wants Crypto Regulated Like Banks
Join Our Telegram channel to stay up to date on breaking news coverage Japan wants global regulators to regulate the cryptocurrency market like they regulate banks. The country is also calling for str...
Davos elites see a major risk ahead for markets with looming U.S. debt standoff
DAVOS, Switzerland – The finance and tech CEOs gathering at the World Economic Forum this week expressed measured optimism about the economy in 2023 — but at least one major risk looms for markets, th...
Lloyds share price gains steam as Wall Street banks stumble
Lloyds (LON: LLOY) share price has been in a strong bullish trend in the past few months. It surged to a high of 50p, which was the highest level since March 29 2022. It has surged by more than 30% fr...
Treat Crypto like Banks: Japanese regulators
The Japanese financial watchdog has urged countries to bring tougher rules for crypto. Demands have been forwarded to the Financial Stability Board. Recent events in crypto have highlighted the need...
Crypto Exchanges Should be Supervised as Banks, Urges Japan’s Financial Regulator
Mamoru Yanase – Deputy Director-General of Japan’s Financial Services Agency (FSA) – urged global watchdogs to impose tougher regulations on the cryptocurrency industry. He believes digital asset exch...
Fed directs big banks to disclose how they are preparing for climate change risks
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. ...
Silvergate shares jump in pre-market trading despite loss as bank well-capitalized
Silvergate Capital shares rallied despite the firm’s $1 billion fourth-quarter loss as business is intact, KBW analysts said. Shares in the La Jolla-based bank were trading around $15.60 b...
Japanese regulators want crypto treated like traditional banks
Financial regulators in Japan have urged global regulators to treat crypto the same way as they do banking, calling for tougher rules for the sector. According to the deputy director-general of the Fi...
Regulate Crypto Like Banks: Japan’s Financial Services Agency
Japan is urging global regulators to treat crypto with the same rigor as they do banks. Mamoru Yanase, FSA’s Deputy Director General, believes crypto should be regulated. Yanese proposed US, EU regula...
Japan’s FSA Thinks Crypto Should Be Treated Like Banks
Japan’s Financial Services Agency recently issued a statement urging global regulators to consider treating cryptocurrencies and digital assets in the same manner as banks. According to the Japa...
Japanese regulators push for crypto to be treated like banks – Cryptopolitan
In a call to standardize crypto regulations across different countries, Japanese financial regulators are pleading for global counterparts to handle digital assets like traditional banking systems. To...
Japan urges other countries to regulate crypto companies like banks
Japanese regulators are calling for other countries to regulate cryptocurrency like banks, according to a report from Bloomberg on Jan. 16. Mamoru Yanase, Deputy Director General for the strategy bure...
What JPMorgan and Other Banking Giants Are Saying About a Possible Recession
America’s banking giants are looking into their economic crystal balls, and not all of them like what they see. JPMorgan , Bank of America , and other top U.S. banks recently offered economic outlooks...
Goldman Sachs fourth quarter results are coming — what the Street expects
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael...
Thailand’s banking sector goes digital: BOT to permit virtual banks by 2025
Thailand aims to boost competitiveness and economic growth by permitting virtual banks By 2025, the Bank of Thailand (BOT) intends to permit the creation of virtual banks. This marks a significant ste...
China’s reopening overwhelmingly positive to tackle inflation
OECD Secretary-General Mathias Cormann on Monday said China’s reopening is “overwhelmingly positive” in the global fight to tackle surging inflation. “We certainly very much we...
Here’s why Citigroup’s stock stands out among the biggest U.S. banks
The “big six” U.S. banks have all reported their fourth-quarter results, wrapping up a difficult 2022, when soaring interest rates forced a decline in several areas of business. Citigroup Inc. C, -1.7...