FDIC pins Signature Bank’s failure on poor governance and illiquidity
FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management...
Day: April 29, 2023
FDIC alleges Cross River engaged in ‘unsafe’ lending practices
Cross River is yet to admit nor deny the allegations that it “engaged in the unsafe or unsound banking practices”...
Visa stablecoin plan, debt’s ceiling effect on Bitcoin price: Hodler’s Digest, April 23-29
Circle launches cross-chain transfer protocol, Visa shares plans for stablecoin product, Kraken fights back in court, and more. Top Stories...
Bitcoin Price Prediction for Today, April 29: BTC/USD Resumes Consolidation, Will it Plunge Below $29K?
The Bitcoin price prediction shows that BTC is trading at $29,178 as the first digital asset seems to be preparing...
Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm
This week, the Statistics Bureau of Japan unveiled the latest core consumer price index (CPI) report for the country, revealing...
Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities...
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual...
Prediction: Here’s Why The Bitcoin Price Is Heading To $20k, Traders Invest In Ai Doge Instead
Bitcoin is recently going through a roller coaster ride. The largest crypto globally hit $30K after its downfall last year....
First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles
According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal...
Netflix Star Driving Bitcoin Adoption With Porsche Flying El Salvador Flag
Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took part...
Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges
According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will...
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend...
Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves
The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be...
World’s Largest Regional Organization to Switch to Settlements in National Currencies
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of...
OpenAI’s ChatGPT reenters Italy after obliging transparency demands
The revocation of the ban in Italy required ChatGPT to reveal its data processing practices and implement age-gating measures, among...
