Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank ...
Tag: Banks
U.S. should pump more oil to avert war-level energy crisis: JPMorgan’s Jamie Dimon
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’ – Economics Bitcoin News
Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank ...
Jamie Dimon warns U.S. likely to tip into recession soon
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
The SEC Just Made It Very Hard for Banks to Get into Crypto
It looks like there are plenty of banks out there that want to thin the line between themselves and crypto. They have digital currency plans in the mix and they’re ready to act on them, but the Securi...
2008 ‘Lehman Moment About to Hit’ — Major Banks Suffer; How to Access Your ETHW, ‘No Digital Dollar Act,’ Sega Blockchain Game — Bitcoin.com News Week in Review – The Weekly Bitcoin News
In this week’s edition of the Bitcoin.com News Week in Review, two of the world’s largest banks — Credit Suisse and Deutsche Bank — are suffering from distressed valuations, with credit default insura...
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...
How Central Banks Will Be Forced to Print Money Again: Arthur Hayes
Arthur Hayes – co-founder of the crypto trading platform BitMex – published a lengthy blog post on Thursday arguing that central banks will be forced back into “money printing” due to various economic...
Morgan Stanley-Led Banks Face $500 Million Loss on Twitter Debt
(Bloomberg) — When banks led by Morgan Stanley agreed in April to help finance Elon Musk’s purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world. ...
Credit Suisse to repurchase $3 billion of debt securities
Signage hangs over the entrance of a Credit Suisse Group AG branch in Zurich, Switzerland, on Sunday, Sept. 25, 2022. Inflation in Switzerland has more than doubled since the start of the year and the...
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...
RBC’s Cassidy prefers ‘regionals’ over big banks ahead of earnings
Regional banks are a better pick than their bigger rivals over the next six to twelve months, says Gerard Cassidy. He’s a Senior Analyst at RBC Capital Markets. Why are the bank stocks down in 2022? B...
Tesla, Ford Motor, Goldman Sachs and more
Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Check out the co...
Banks worldwide reportedly own 9.4 billion euros in crypto assets
According to a new study published by the Basel Committee on Banking Supervision — a supranational organization responsible for setting the standards on bank capital, liquidity and funding — 19 out of...
Top 3 cheapest European banks that money can buy| Invezz
European bank stocks have lagged their global peers for years. For example, the iShares Europe Financials ETF (EUFN) has crashed by more than 30% in 2022 while the SPDR Bank ETF has dropped by about 1...
Mastercard Launches New Crypto Product to Help Banks Battle Fraud
The multinational financial services company – Mastercard – released a new product called “Crypto Secure.” Its main purpose is to assist banks in preventing fraudulent cases associated with digital as...
Twitter Buyout Revives $12.5 Billion Headache for Wall Street Banks
(Bloomberg) — Elon Musk’s shock proposal to proceed with his acquisition of Twitter Inc. for the original offer price poses a headache at the worst possible time for Wall Street banks already st...
Mastercard Debuts Blockchain Surveillance Tool for Banks and Crypto-Centric Card Issuers – Bitcoin News
On Tuesday, the multinational financial services corporation Mastercard revealed that it is launching a new crypto monitoring product called Crypto Secure. The Crypto Secure software aims to leverage ...
BIS Caps Banks’ Crypto Exposure at 0.01%, Great News for Crypto – crypto.news
According to a recently released report by the Bank for International Settlements, the global banks’ crypto exposure currently stands at around 0.01%. While the numbers seem too low, this is a very pr...
Bitcoin Gains Momentum on Fed Pivot Narrative, But Some Banks Anticipate Dollar Rebound
“It’s been a case of ‘bad news is good news’ for equities, with the market treating the downside surprise to the ISM index as increasing the chances of an earlier Fed pause, seen as positive for...
Credit Suisse to remain ‘under pressure’ but analysts wary of Lehman comparison
A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Credit Suisse shares briefly sank to an all-time low on Monday while credit default swaps hit...
Mortgage mayhem sparks fears of a housing market crash in Britain
U.K. mortgage rates have skyrocketed since Finance Minister Kwasi Kwarteng’s mini-budget on Sept. 23, prompting banks to pull mortgage products threatening a deepen an expected housing market do...
Coinbase reported that it fixed the problem that halted transactions with US banks
Join Our Telegram channel to stay up to date on breaking news coverage Coinbase, one of the largest cryptocurrency exchanges in the US, as well as the world, has recently experienced certain technical...
U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases
The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, a United Nations agency said Monday. Th...
Banks Around the World Have Over $9,200,000,000 in Crypto Asset Exposure: New Study
New research published by an international committee formed to develop banking regulation standards is offering some insights on the exposure of banks to crypto assets. The Basel Committee on Banking...
Credit Suisse Shares Plunge 9.2% as Bank’s CDS Rose on Friday
Credit Suisse officials are notably exploring all means to get back on good terms with rating agencies, analysts, investors, and their broader stakeholders. Switzerland-based global investment bank a...
Polkadot, XRP, Cardano among the top 10 crypto assets chosen by banks
Although the exposure to the cryptocurrency market by global banks is still relatively small, these financial institutions are slowly opening their doors to digital assets, with a new report by the Ba...
Global banks’ total exposure to crypto is 0.01%
Despite the growing adoption of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) around the world, the total exposure to digital assets by global banks still remains relatively small, according ...
Global banks’ exposure to crypto is around 0.01%
Global banking regulation standard Basel Committee’s latest report estimates the global bank exposure to crypto to be at 0.01%, as the 19 largest financial institutions hold €9.4 billion worth of cryp...