A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Credit Suisse executives are in talks with its major investors to reassure them amid rising c...
Tag: Banks
Weekly MacroSlate: Central banks start to panic and pivot, all eyes are now on the fed. What does this all mean for Bitcoin?
Macro Overview Markets unprepared for a new era The era of financial repression after the GFC that has seen rapidly inflated asset values and rate expectations of 0 has unraveled since the pandemic en...
Coinbase Reports Issues With U.S. Users Depositing and Withdrawing From Banks
Coinbase has released a statement saying it is working to fix issues preventing the exchange users from processing transactions from US banks. Earlier today, the exchange users experienced problems le...
19 of the World’s Largest Banks Hold Nearly $9B in Digital Assets: Basel Committee Survey
According to a survey by the Basel Committee, 19 of the world’s largest banks hold nearly $9 billion in digital assets, and banks holding crypto assets may account for only 0.01% of total Bank f...
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels – Economics Bitcoin News
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Cred...
Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets – Bitcoin News
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto a...
‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world
Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up ef...
Central banks can push DeFi into mainstream — Swiss National Bank official
Central bank digital currencies (CBDCs) can work well with decentralized finance (DeFi), and they have a lot of potential to boost DeFi adoption, according to a Swiss central bank official. Among many...
Crypto Has A Bright Future As People Lose Faith In Central Banks, Billionaire Says
Crypto is making a positive noise as more people lose faith in central banks, Billionaire hedge fund investor Stanley Druckenmiller says. Druckenmiller is confident with the comeback of crypto, especi...
Banks Dealt Fresh Blow With Collapse of Brightspeed Debt Sale
(Bloomberg) — For the second time in two weeks, Wall Street bankers suffered a painful reminder of how quickly risk appetite is evaporating from credit markets as a $3.9 billion debt sale for a ...
Billionaire Stan Druckenmiller Discusses Cryptocurrency Having ‘Big Role in a Renaissance’ — ‘People Aren’t Going to Trust Central Banks’
Renowned billionaire hedge fund manager Stanley Druckenmiller says he could see cryptocurrency “having a big role in a Renaissance because people just aren’t going to trust the central banks.” He adde...
The Case Against CBDCs In A Capitalist Society: Banks Won’t Be Happy
The Bitcoin Policy Institute’s report on CBDCs makes a strong case for why the US should reject a centrally issued version of the dollar. Bitcoinist covered that already. This time, we’ll focus on the...
BIS Sets Up To Explore CBDC With The Central Banks Of Sweden, Israel And Norway
One of the most notable features of cryptocurrency is its ability to enable instant cross-border payments, which has attracted a widening number of territories so far. Around 105 countries have tapped...
Iran Launches Central Bank Digital Currency Scheme With Local Banks And Shops
Bank Melli staff at the bank’s stand at the 26th International Oil, Gas, Refining and Petrochemical … [+] Exhibition in Tehran on May 13, 2022. (Photo: Morteza Nikoubazl/NurPhoto via Getty...
These Central Banks Will Test CBDC Use for International Retail Payments
The Central Bank of Sweden, Israel and Norway, along with the Bank for International Settlements (BIS) launched a project called Icebreaker. All the central banks will explore retail CBDC for in...
BIS Launches Project Icebreaker with Central Banks to Explore CBDC
The Bank for International Settlements (BIS) has rolled out Project Icebreaker together with the central banks of Sweden, Norway, and Israel to see how CBDCs can be utilized for international remittan...
Abra CEO Predicts Crypto Rally After End of Strong Dollar, Says Digital Asset Banks To Take Over TradFi
The CEO of crypto wealth management platform Abra thinks the largest bank in the world in 20 years will be a “crypto bank.” Bill Barhydt says in a new conversation with Anthony Scaramucci at Salt New ...
Israel, Norway and Sweden central banks partner with BIS to explore CBDC payments
The Bank for International Settlements, or BIS, has reported it will be partnering with the central banks of Israel, Norway and Sweden to explore international retail and remittance payments use cases...
Billionaire investor S. Druckenmiller says mistrust in central banks could lead to crypto ‘renaissance’
The prevailing macroeconomic factors dominated by soaring inflation have impacted equities and the cryptocurrency market, with both sectors recording historical crashes. Notably, amid the conditions, ...
Pension fund panic led to Bank of England’s emergency intervention
The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government’s fiscal...
Crypto Could Enjoy “Renaissance” as Trust in Banks Fades: Druckenmiller
Key Takeaways Legendary investor Stanley Druckenmiller has hinted at a “renaissance” for the crypto space if public trust fades in central banks. Still, rate hikes from the Fed and worseni...
Central Banks Will Always Be Source of Trust in Money: Fed Chairman
Federal Reserve (Fed) Chairman Jerome Powell has spoken at the Conference on Opportunities and Challenges of the tokenization of finance, hosted at the Louvre by the Banque de France. In his comments,...
ECB president C. Lagarde warns cryptocurrencies can hinder the role of central banks
European Central Bank President Christine Lagarde has continued to raise concerns regarding the growth of cryptocurrencies and their threat to the traditional banking system. According to Lagarde, th...
Crash, Train Wreck, Or Apocalypse?
Are we facing an “apocalypse” in commercial real estate? Some analysts think so. getty Dire warnings about commercial real estate appear almost daily these days. While office markets are s...
Are China’s Banks Too Big to Bail? – Trustnodes
Chinese banks have grown to become the biggest in the world, with the Industrial and Commercial Bank of China having $5.8 trillion in assets under management. That’s far more than the biggest non-Chin...
How banks are housing digital assets
Until 2020, most of the crypto market action was largely driven by retail enthusiasm. It was only around August 2020 that institutions started to participate meaningfully in this asset class. As the U...
U.S. dollar strength continues as global central banks struggle to keep up with the Fed
The U.S. dollar (DX-Y.NYB) screamed higher Friday after the British pound (GBPUSD=X) was whacked when British authorities introduced a new stimulus package consisting of fresh spending and tax cuts. I...
Banks Could Get Whopped by a Recession. But Bank of America Is a Fighter
As Federal Reserve Chairman Jerome Powell seems almost intent on causing economic pain with a series of aggressive rate hikes to quell inflation, investors are wary that a recession would cause troubl...
The hips explore the possibilities of NFTs- The Cryptonomist
Whatever sector you cast your eyes into, what seems clear is the expansion of NFTs, whether fungible or not. Increasingly more banks, games, social networks and whatever else are becoming familiar wit...
HSBC warns investors to avoid European stocks in the search for value
Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada ...
Watch Jamie Dimon and other bank CEOs get grilled by Congress in second day of hearings
[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] The heads of seven of the biggest U.S. banks, including JPMorgan Chase CEO Jamie...